What Construction Partners promised, and what happened

Guidance Tracker · every commitment management made on a call, tracked from the quarter it was made

Guidance

What management said, and what became of it

13 of 16 judged targets kept · 13 open · verdicts reflect calls analysed to Jun 2026.

Target	Original wording	Said	Latest call	Verdict
Debt-to-EBITDA leverage ratio deleveraging target	long-term sustainable target of 1x to 2.5x, expected within 4 to 6 quarters	Sep 2024	Jun 2026:We remain committed to our strategy of reducing the leverage ratio to approximately 2.5x to support sustained profitable growth. Call transcript, Jun 2026 · no direct link	Diluted
FY26 EBITDA-to-operating-cash-flow conversion guide	75% to 85%	Sep 2025	Jun 2026:We expect to convert 75% to 85% of EBITDA to cash flow from operations in fiscal year '26. Call transcript, Jun 2026 · no direct link	On Track

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

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