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Everus Construction Group, Inc. (ECG)
NYSE:ECG
Earnings Data
Report Date
May 19, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.8Last Year’s EPS
0.72Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: record quarterly revenue, double-digit full-year top-line growth, substantial EBITDA expansion, a 16% backlog increase, and robust balance sheet flexibility for M&A and growth investments. Offsets include lower free cash flow (driven by working capital and higher CapEx), some margin pressure in the T&D segment, incremental stand‑alone costs, and a modest near‑term EBITDA growth outlook versus the step-change in 2025. On balance, the positives (growth, margins, backlog, financial flexibility and strategic investments) materially outweigh the negatives, which are largely one-time or investment-related.Company Guidance
Record Quarterly and Full-Year Revenue Growth
Q4 2025 revenues exceeded $1,010,000,000 (first time over $1.0B), up 33% YoY; full-year 2025 revenues were $3,750,000,000, up ~31.5%–32% YoY, driven by growth across E&M and T&D.
Strong EBITDA Growth and Margin Expansion
Q4 EBITDA was $84,800,000, up 45% YoY, and Q4 EBITDA margin improved to 8.4% (up 70 bps). Full-year EBITDA was ~$319.8M (reported +37.7% YoY) and ~+$320M adjusted (management cited a 52% increase when adjusting for incremental stand-alone operating costs).
Backlog Increase and Diverse Project Pipeline
Total backlog at 12/31/2025 was ~$3.23B, up 16% YoY, with continued pipeline strength across data center, hospitality, semiconductor, transmission and undergrounding — providing strong revenue visibility into 2026 and beyond.
E&M Segment Outperformance
E&M Q4 revenues were $791.6M, up 44% YoY; E&M Q4 EBITDA was $67.1M, up 57% YoY, and E&M EBITDA margin improved to 8.5% (up 70 bps), driven by data center, commercial and renewables strength.
T&D Backlog Strength
T&D backlog increased 41% YoY (end-of-year backlog contribution), reflecting stronger utility end market demand, specifically undergrounding and transmission opportunities.
Financial Strength and M&A Capacity
Unrestricted cash of $152.7M, gross debt of $285M, $222.8M available under credit facility and net leverage ~0.4x — well below target leverage (management target 1.5–2.0x), providing capacity for strategic M&A and growth investments.
Positive 2026 Guidance and Multi-Year Outlook
Initial 2026 guidance: revenues $4.1–4.2B (midpoint ≈ +11% YoY) and EBITDA $320–335M (midpoint ≈ +5% YoY). Midpoint implies EBITDA margin just under 8% (management cited ~7.98%), and longer-term targets remain intact.
Investments in Prefabrication, Facilities and Workforce
CapEx increased to $66.8M in 2025 (up from $43.8M, +52.5% YoY) to support growth and prefab expansion (new Kansas City facility operational; investments in Pacific Northwest and Southwest). Headcount rose to 9,400 from 8,700 (+~8%), and management reported record safety results.
ECG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ECG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | $104.21 | $130.10 | +24.84% |
Nov 04, 2025 | $86.63 | $93.28 | +7.68% |
Aug 12, 2025 | $75.80 | $79.16 | +4.43% |
May 13, 2025 | $51.42 | $60.30 | +17.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Everus Construction Group, Inc. (ECG) report earnings?
Everus Construction Group, Inc. (ECG) is schdueled to report earning on May 19, 2026, After Close (Confirmed).
What is Everus Construction Group, Inc. (ECG) earnings time?
Everus Construction Group, Inc. (ECG) earnings time is at May 19, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ECG EPS forecast?
ECG EPS forecast for the fiscal quarter 2026 (Q1) is 0.8.