Everus Construction Group, Inc. (ECG) Form 10-Q — Aug 5, 2026
Everus Construction Group delivered a blowout second quarter: operating revenues rose 33.7% year over year to $1.23 billion, net income jumped 58.9% to $83.9 million, and diluted EPS climbed to $1.64 from $1.03. Gross margin expanded to 14.9% from 13.0% on strong execution and data-center-driven workloads. Backlog momentum is the standout: remaining performance obligations reached $3.95 billion at June 30, 2026, up from $2.80 billion at year-end 2025, with E&M segment revenue up 41.6% on data center, hospitality and high-tech demand. First-half operating cash flow surged to $196.8 million from $32.5 million a year earlier.
Key figures
- Eps
- 1.64
- Revenue
- 1231547000
- Net Income
- 83890000
- Total Debt
- 274499000
- Revenue Yoy
- 33.7% (Q2 2026 vs Q2 2025)
- Total Assets
- 2057671000
- Cash Position
- 176670000
- Deal Value Usd
- 295000000
- Shares Outstanding
- 51063836
- Six month revenue
- 2268500000
- Term loan balance
- 277.5 million at 5.73% weighted average rate, due October 31, 2029
- Q2 2025 diluted eps
- 1.03
- Gross margin q2 2025
- 13.0%
- Gross margin q2 2026
- 14.9%
- Six month net income
- 142206000
- Six month diluted eps
- 2.78
- Six month revenue yoy
- 29.8%
- T d segment revenue q2
- 227500000
- Operating income q2 2026
- 111771000
- Operating income growth q2
- 54.2%
- Sem q2 revenue contribution
- 33400000
- Operating cash flow six months
- 196810000
- Sem q2 net income contribution
- 1800000
- Sem contingent consideration max
- 12000000
- Remaining performance obligations
- 3.95 billion (vs 2.80 billion at Dec 31, 2025)
- Sem acquisition base consideration
- 158 million (161.7 million cash paid at closing)
- Change in estimate q2 revenue impact
- 75700000
- Change in estimate q2 net income impact
- 56100000
- Single customer revenue concentration q2
- 17.6% of total operating revenues
Price after filing
Close on the filing date to close N calendar days later (from $132.62). Historical, not a forecast.
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