Everus Construction Group, Inc. (ECG) Form 8-K — Aug 4, 2026
Everus Construction Group reported record second quarter 2026 results on August 4, 2026, with revenues of $1.23 billion, up 33.7%, and record net income of $83.9 million, up 58.9%. Diluted EPS rose 59.2% to $1.64, and EBITDA increased 52.7% to $128.6 million with a 10.4% margin, including 30% organic revenue growth. Backlog hit a record $4.55 billion, up 52.8% year over year, on project bookings of more than $2 billion in the quarter, with strength in the data center, hospitality and high tech submarkets. Management also highlighted the pending Epsilon Industries acquisition and the on-track integration of SE&M Constructors, acquired during the quarter for a $147.6 million net cash outflow.
Key figures
- Eps
- 1.64
- Revenue
- 1231547000
- Guidance
- FY2026 revenues raised to $4.5B-$4.7B (from $4.3B-$4.4B); EBITDA raised to $410M-$425M (from $345M-$360M); gross capex unchanged at $90M-$100M
- Net Income
- 83890000
- Total Debt
- 277500000
- Revenue Yoy
- 33.7%
- Total Assets
- 2057671000
- Cash Position
- 157400000
- Shares Outstanding
- 51063836
- Backlog
- $4.55 billion at June 30, 2026 (record), up 41.0% from Dec 31, 2025 and up 52.8% YoY
- Ebitda q2
- $128.6 million, up 52.7% (record)
- Em backlog
- $4.16 billion, up 62.1% YoY
- Td backlog
- $388.4 million vs $410.1 million at June 30, 2025
- Net leverage
- 0.3x vs 0.4x at Dec 31, 2025
- Gross margin q2
- 14.9% vs 13.0% prior year
- Ebitda margin q2
- 10.4%
- Free cash flow h1
- $167.0 million vs $6.5 million prior year
- Project bookings q2
- more than $2 billion
- Net income margin q2
- 6.8%
- Em segment revenue q2
- $1.01 billion, up 41.6% (organic +36.9%)
- Revolver availability
- $222.8 million
- Td segment revenue q2
- $227.5 million, up 7.1%
- Operating cash flow h1
- $196.8 million vs $32.5 million prior year
- Diluted eps prior year q2
- 1.03
- Organic revenue growth q2
- 30.0%
Price after filing
Close on the filing date to close N calendar days later (from $122.94). Historical, not a forecast.
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