Quarterly ResultMay 5, 2026, 04:40 PM
Everus Q1 Revenue $1.04B, EPS $1.14; Raises 2026 Guidance
AI Summary
Everus Construction Group reported record first-quarter 2026 results, with revenues up 25.4% to $1.04 billion and diluted EPS up 58.3% to $1.14. Net income surged 58.9% to $58.3 million, and backlog reached a record $3.68 billion, increasing 20.4% year-over-year. Following these strong results and the recent acquisition of SE&M Constructors for $158 million, the company raised its full-year 2026 revenue guidance to $4.3 billion-$4.4 billion and EBITDA guidance to $345 million-$360 million.
Key Highlights
- Everus completed the acquisition of SE&M Constructors for $158 million on April 2, 2026.
- Q1 2026 Revenues were $1.04 billion, a 25.4% increase from Q1 2025.
- Q1 2026 Net Income reached $58.3 million, up 58.9% from Q1 2025.
- Q1 2026 Diluted EPS was $1.14, a 58.3% increase from Q1 2025.
- Backlog hit a record $3.68 billion as of March 31, 2026, up 20.4% year-over-year.
- E&M segment revenues increased 28.8% to $835.1 million in Q1 2026.
- T&D segment revenues grew 10.5% to $204.4 million in Q1 2026.
- Everus raised 2026 revenue guidance to $4.3 billion-$4.4 billion.
- Everus raised 2026 EBITDA guidance to $345 million-$360 million.