- Blythe Construction - NC
- 2026
- 33
- 8
- 24.24%
- $66,962,782
- 5.69%
- 11.62%
- 7.45%
- $388,901,893
- Blythe Construction - SC
- 2026
- 15
- 5
- 33.33%
- $19,586,689
- 11.27%
- 7.95%
- 5.92%
- $100,119,636
Blythe enters the period with **$44M** remaining backlog from five 2026 wins totaling **$19.6M**, including the **$7.9M** US 21 interchange and **$7.5M** Richland project. These awards, combined with the improved 33.3% success rate, should generate steady progress billings as mobilization begins on early-2026 starts.
Medium-term Outlook (6-12 months)
Execution of the 2025 awards (**$24.4M** across three jobs) will continue alongside newer backlog, supporting revenue through mid-2027. However, the 17.6% prior-year win rate and 8.1% average margin left on low bids signal the need for disciplined pricing to sustain workload.
Key Risk Period
The cluster of contracts with 120- to 365-month durations creates prolonged cash-flow exposure, particularly if retainage or change-order cycles extend beyond 2026. Margin compression risk rises if field costs exceed the 8-11% averages embedded in recent lows.
Recommendations
Target shorter-duration resurfacing and maintenance packages to accelerate cash conversion; maintain bid volume at 2026 levels while enforcing a minimum 10% margin threshold on all new submissions.
- Street Resurfacing 2026
- Rock Hill
- $2,016,266
- 4/14/26
- 3030 US 21 Anderson Rd S50 Springdale Road Interchange
- York County SC
- $7,958,375
- 3/25/26
- 010 Aiken
- SCDOT
- $8,389,397
- 3/10/26
- 020 Barnwell
- SCDOT
- $6,591,251
- 3/10/26
- 030 Barnwell
- SCDOT
- $337,288
- 3/10/26
- 170 Orangeburg
- SCDOT
- $7,001,172
- 3/10/26
- 200 Richland
- SCDOT
- $7,500,437
- 3/10/26
- 240 Newberry Saluda
- SCDOT
- $13,177,666
- 3/10/26
- 2025 2026 Paving 23355CF
- York County SC
- $4,712,714
- 2/4/26
- Beaufort County Year 9 Resurfacing
- Beaufort County SC
- $860,849
- 1/22/26
- 130 LEXINGTON
- SCDOT
- $9,943,764
- 1/13/26
- 100 JASPER
- SCDOT
- $2,929,740
- 1/13/26
- 020 BAMBERG
- SCDOT
- $7,277,931
- 1/13/26
- 010 AIKEN
- SCDOT
- $10,065,536
- 1/13/26
- 170 ORANGEBURG
- SCDOT
- $11,357,250
- 1/13/26
- 170 ORANGEBURG
- York County SC
- $7,958,375
- 05/24/26
- 120
- 48.3%
- $1,989,594
- $4,111,827
- 170 ORANGEBURG
- SCDOT
- $337,288
- 05/09/26
- 180
- 40.6%
- $56,215
- $200,499
- 170 ORANGEBURG
- SCDOT
- $7,500,437
- 05/09/26
- 365
- 20.0%
- $616,474
- $6,000,350
- 170 ORANGEBURG
- SCDOT
- $7,002,229
- 11/08/25
- 305
- 83.6%
- $688,744
- $1,147,906
- 170 ORANGEBURG
- SCDOT
- $7,718,829
- 11/08/25
- 365
- 69.9%
- $634,424
- $2,326,222
- $3,985,451
- $13,786,804




