Everus Q2 revenue jumps 34% on strong demand, raises outlook

Everus Construction

04/08/2026 21:43

Overview
US construction contractor's Q2 revenue rose 34%, beating analyst expectations
EPS for Q2 rose 59% year-over-year
Company raised 2026 revenue and EBITDA guidance, citing strong demand and recent acquisitions

Outlook
Everus raises 2026 revenue outlook to $4.5 bln-$4.7 bln from $4.3 bln-$4.4 bln
Company lifts 2026 EBITDA forecast to $410 mln-$425 mln from $345 mln-$360 mln

Result Drivers
ORGANIC GROWTH AND ACQUISITIONS - Revenue rose 34% in Q2, with 30% organic growth and additional contribution from the SE&M Constructors acquisition
PROJECT EXECUTION AND MARGIN IMPROVEMENT - Gross profit and margins increased due to higher workloads, efficient project execution, and project timing
STRONG END-MARKET DEMAND - Growth in commercial, industrial, and data center submarkets drove E&M segment revenue, while utility market demand supported T&D segment

Company press release: ID:nBw62spBZa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.23 bln
$1.08 bln (5 Analysts)
Q2 EPS
 
$1.64
 
Q2 Net Income
 
$83.90 mln
 
Q2 Gross Margin
 
14.9%
 
Q2 EBITDA
 
$128.60 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 $166.00, about 25.2% above its August 3 closing price of $132.62
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 34 three months ago

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(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.)