Strong Revenue Growth
Second quarter revenue increased by 31%, driven by the Electrical and Mechanical segment and improved results in the Transmission and Distribution segment.
EBITDA and Margin Improvement
EBITDA increased by 36% and margins improved by 30 basis points from last year.
Record Backlog
The total backlog at the end of the second quarter was a record $3 billion, up 24% from the previous year.
Guidance Revision
2025 revenue guidance was raised to $3 billion to $3.4 billion from $3 billion to $3.1 billion, and EBITDA guidance raised to $240 million to $255 million from $210 million to $225 million.
Successful Talent Acquisition
The company added skilled labor, supporting growth objectives, and achieved over $900 million in quarterly revenue for the first time.