Strong Financial Performance
First quarter revenue and adjusted EBITDA grew by 18% and 32%, respectively, surpassing expectations. Project business revenue grew 23%, and energy asset revenue increased by 31%.
Significant Growth in Backlog
Total project backlog increased by 22% to $4.9 billion, with contracted project backlog up 80% to $2.6 billion. The total revenue visibility across businesses reached almost $10 billion.
Federal Contract Recovery
The previously canceled federal project has been rescoped, and two paused contracts have resumed. No additional cancellations or delays have been encountered in federal contracts.
Expansion in International Markets
Strong performance in Europe and Canada, contributing to the diversity of customers and solutions offered.