Quarterly ResultMay 6, 2026, 04:47 PM
Everus Construction Group Q1 Net Income +59% to $58.3M; EPS $1.14
AI Summary
Everus Construction Group reported strong financial results for the first quarter ended March 31, 2026, with operating revenues increasing by 25.4% to $1.04 billion and net income surging by 59% to $58.3 million. Diluted earnings per share also saw a significant rise to $1.14. The company experienced a substantial increase in net cash provided by operating activities, reaching $143.7 million, and its remaining performance obligations grew to $3.09 billion.
Key Highlights
- Net income increased by 59% to $58.3 million for Q1 2026, up from $36.7 million in Q1 2025.
- Diluted EPS rose by 58.3% to $1.14 in Q1 2026, compared to $0.72 in Q1 2025.
- Operating revenues grew by 25.4% to $1.04 billion in Q1 2026, from $826.6 million in Q1 2025.
- Gross profit increased by 41.3% to $130.7 million in Q1 2026, up from $92.5 million in Q1 2025.
- Net cash provided by operating activities significantly increased to $143.7 million in Q1 2026, from $7.1 million in Q1 2025.
- Remaining performance obligations totaled $3.09 billion as of March 31, 2026, an increase from $2.80 billion at December 31, 2025.
- E&M segment operating revenues rose by 29.7% to $835.1 million in Q1 2026.
- T&D segment operating revenues increased by 10.5% to $201.9 million in Q1 2026.
Price Impact
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