Everus Construction beats Q1 revenue estimates, raises 2026 outlook

Everus Construction

05/05/2026 21:50

Overview

US specialty contractor's Q1 revenue rose 25.4%, beating analyst expectations

Diluted EPS for Q1 rose 58.3% to $1.14, driven by higher gross profit

Company raised 2026 revenue and EBITDA guidance after SE&M Constructors acquisition

Outlook

Everus raises 2026 revenue guidance to $4.3 bln-$4.4 bln from $4.1 bln-$4.2 bln

Company lifts 2026 EBITDA forecast to $345 mln-$360 mln from $320 mln-$335 mln

Everus expects gross capital expenditures for 2026 at $90 mln-$100 mln, unchanged

Result Drivers

E&M SEGMENT GROWTH - Higher workloads in the commercial market, especially data centers, drove E&M revenue growth, partially offset by lower institutional and industrial demand

T&D SEGMENT DEMAND - Increased utility workloads, especially in transmission and storm submarkets, supported T&D revenue growth

GROSS MARGIN IMPROVEMENT - Gross margin rose due to increased workloads, project timing and solid project execution

Company press release: ID:nBwPVRBsa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.04 bln
$933.81 mln (5 Analysts)
Q1 EPS
$1.14
Q1 Net Income
$58.3 mln
Q1 Gross Margin
12.6%
Q1 EBITDA
$88.9 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for Everus Construction Group Inc is $138.00, about 8.6% below its May 4 closing price of $150.93

The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 23 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)