Reports Q1 revenue $676.81M, consensus $618.33M. “With our IPO complete, our focus remains on execution and delivering exceptional services to our customers; a commitment reflected in continued strength of our backlog which is now approximately $8.2 billion,” said George Hershman, Chief Executive Officer of SOLV Energy (MWH). “We delivered strong financial results in the first quarter, and the momentum we are seeing gives us confidence to raise our Adjusted EBITDA guidance for the full year. We are also pleased to have announced the acquisition of Roberson Waite Electric, which expands our capabilities and broadens our service offerings to the regulated utility market.”
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Read More on MWH:
- Solv Energy to acquire Roberson Waite Electric, terms undisclosed
- Solv Energy price target raised to $38 from $37 at CIBC
- Solv Energy price target raised to $36 from $34 at KeyBanc
- Buy Rating Reaffirmed on Conservative Guidance, Strong Backlog, and Attractive Upside Despite Market Overreaction
- Solv Energy reports Q4 revenue $794M, consensus $791.65M
