| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.2K | 18.8% | 33.6% |
| Total Income | 1.2K | 18.8% | 33.6% |
| Expenditure | 1.1K | 16.7% | 31.9% |
| PBT | 109.98 | 44.8% | 58.0% |
| Net Profit | 83.89 | 43.8% | 58.8% |
| OPM | 9.08% | 1.58pp | 1.21pp |
| NPM | 6.81% | 1.19pp | 1.08pp |
| EPS | 1.64 | 43.9% | 57.7% |
Everus Construction Group Reports Q2 2026 Results, Raises 2026 Guidance
05 Aug 2026 · 5 Aug, 2:10 am
Summary
Everus Construction Group reported strong second quarter 2026 results, with revenues increasing by 33.7% year-over-year to $1.23 billion and net income rising by 58.9% to $83.9 million. Diluted EPS grew to $1.64, and EBITDA saw a 52.7% increase to $128.6 million. The company also reported a record backlog of $4.55 billion and has raised its full-year 2026 guidance for both revenue and EBITDA, reflecting continued demand and strong execution.
Key Highlights
- 1
Revenues for the second quarter of 2026 reached $1.23 billion, marking a 33.7% increase compared to the prior-year period.
- 2
Net income for Q2 2026 was $83.9 million, a 58.9% increase year-over-year, with a net income margin of 6.8%.
- 3
Diluted earnings per share (EPS) for the second quarter of 2026 were $1.64, up 59.2% from the prior year.
- 4
EBITDA for Q2 2026 increased by 52.7% to $128.6 million, with an EBITDA margin of 10.4%.
- 5
The company's backlog stood at a record $4.55 billion as of June 30, 2026, up 52.8% from the prior year.
- 6
Everus Construction Group is raising its full-year 2026 guidance, now expecting revenues between $4.5 billion and $4.7 billion and EBITDA between $410 million and $425 million.
Management Comments
Jeffrey S. Thiede
Our positive momentum continues as sustained demand and strong execution resulted in another quarter of record revenues, margin expansion and robust backlog growth. Second quarter revenues increased 34%, including 30% organic growth driven by both E&M and T&D. EBITDA increased 53% with strong project execution thanks to our dedicated team across the country who are safely Building America's Future. Demand for our services remains robust, and we believe we are well positioned to benefit as evidenced by project bookings of more than $2 billion in the quarter, resulting in record backlog up 53% year over year to $4.6 billion. We see continued strength across our diverse markets, including the data center, hospitality and high tech submarkets. We are making important progress on our key growth initiatives, highlighted by the recently announced acquisition of Epsilon Industries; the on-track integration of SE&M Constructors, which was acquired in the second quarter; and the ramp-up of the initial project in the new geography we entered last year. We look forward to closing on the acquisition of Epsilon, which will significantly expand our off-site modular construction and prefabrication capabilities, extend our geographic reach, strengthen our position in key end markets and enable efficient growth. We continue to maintain ample financial flexibility for our organic growth initiatives and acquisition opportunities. With our strong performance in the first half of the year and continued robust demand across our business, we are raising guidance on our full-year outlook. We now expect revenues to be in the range of $4.5 billion to $4.7 billion and EBITDA in the range of $410 million to $425 million. We are confident that our commitment to our 4EVER strategic priorities position us to deliver another year of profitable growth and value for our shareholders.
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