Everus Q2 Revenue Jumps 34%, Raises 2026 Guidance on Record Backlog
ECG has more than doubled off its 52-week low of $69.61.
Summary
Everus delivered a blowout Q2 with revenue up 34% to $1.23B and EBITDA up 53% to $128.6M, both records. Organic growth was 30%, driven by data center and T&D demand. Backlog surged 53% YoY to $4.55B, and management raised full-year guidance to $4.5B-$4.7B revenue and $410M-$425M EBITDA. This follows the $295M Epsilon Industries acquisition announced last week, which expands modular construction capabilities. The raised outlook and massive backlog signal sustained momentum, but integration costs and execution on the Epsilon deal are key to watch.
At the time of this announcement, ECG was trading at $151.01 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $6.9B. The 52-week trading range was $69.61 to $171.58. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.