secwatch.observer — SEC 8-K summary
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Issuer:     Cardinal Infrastructure Group Inc. (CDNL)
CIK:        0002079999
Form:       8-K/A
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001193125-26-209128
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cardinal Infrastructure acquires A.L. Grading: acquired entity revenue $164.5M, net income $33.5M in 2025
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- A.L. Grading Contractors revenue $164.5M in 2025, up 8% from $152.1M in 2024.
- Net income $33.5M in 2025, up 30% from $25.9M in 2024; gross profit $43.4M (26.4%).
- Total assets $73.2M at Dec 31, 2025; stockholders' equity $46.6M.
- Acquisition of 100% equity closed Feb 18, 2026; unaudited pro forma financials filed.
- Operating cash flow $41.6M in 2025; heavy machinery net book value $35.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2079999/000119312526209128/0001193125-26-209128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2079999/000119312526209128/cdnl-20260218.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-209128

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer