Everus Posts Record Q1 Revenue, EPS, and Backlog, Lifts Full-Year 2026 Guidance
ECG has more than doubled off its 52-week low of $43.86 on elevated volume (3.2× avg).
Summary
Everus Construction Group reported exceptionally strong first quarter 2026 results, achieving record revenues of $1.04 billion (up 25.4%), net income of $58.3 million (up 58.9%), and diluted EPS of $1.14 (up 58.3%). Critically, the company also announced a record backlog of $3.68 billion, representing a 20.4% increase year-over-year. This significant growth in backlog directly addresses the concern noted in the recent 10-K regarding a decrease in future work. Based on these robust results and the recent acquisition of SE&M Constructors, Everus raised its full-year 2026 revenue guidance to $4.3-$4.4 billion and EBITDA guidance to $345-$360 million. This news indicates strong operational momentum and improved future prospects, likely leading to a significant positive reaction in the stock price.
At the time of this announcement, ECG was trading at $171.17 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $8.6B. The 52-week trading range was $43.86 to $169.85. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.