Everus Construction Group, Inc. (ECG)
NYSE:ECG
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Earnings Data
Report Date
Aug 18, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.14Last Year’s EPS
1.03Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong positive operational and financial momentum: record Q1 revenue (+25% YoY), robust EBITDA growth (+44% YoY) with margin expansion (+110 bps), a 20% backlog increase, materially improved cash flow, and a strategic acquisition that expands the footprint and adds stable service revenue. Management balanced the optimism with cautious commentary about timing effects (weather and working‑capital timing), labor availability, a continued preference for cost‑plus contracts that trade margin upside for risk mitigation, and a conservative stance on near‑term guidance. On balance, the highlights (growth, margin expansion, cash generation, healthy backlog, and strategic M&A) significantly outweigh the manageable operational and timing risks discussed on the call.Company Guidance
Record Quarterly Revenue Growth
First quarter 2026 revenues of $1.04 billion, up 25% year-over-year, driven by growth across both E&M and T&D segments.
Strong EBITDA Expansion and Margin Improvement
Total Q1 EBITDA of $88.9 million, up 44% year-over-year, with EBITDA margin of 8.6%, an increase of 110 basis points versus 7.5% in the prior-year period.
Robust Backlog Momentum
Total backlog at March 31 of $3.68 billion, up 20% year-over-year, including growth across both T&D and E&M and the first award tied to a new geographic expansion.
E&M Segment Outperformance
E&M Q1 revenues of $835.1 million, up 29% year-over-year; E&M EBITDA of $75.3 million, up 52% year-over-year, with E&M segment margin improving to 9.0% (+140 bps).
T&D Segment Strength
T&D Q1 revenues of $204.4 million, up 10.5% year-over-year; T&D EBITDA of $27.1 million, up 35% year-over-year, with T&D segment margin improving to 13.3% (+240 bps).
Material Improvement in Cash Flow and Liquidity
Operating cash flows of $143.7 million in Q1 versus $7.1 million a year ago; free cash flow of $131.9 million versus a use of $8.1 million in the prior-year period. Unrestricted cash of $275 million, gross debt of $281.2 million, and $222.8 million available under the credit facility.
Strategic Acquisition and Strong Balance Sheet
Completed first standalone acquisition (SCNM), which expands Southeast footprint and adds pharma/healthcare and service/retrofit revenue (SCNM generated $109 million revenue in 2025 with high‑teens EBITDA margin). Pro forma net leverage as of April 2 of ~0.5x, providing flexibility for further M&A.
Raised Full‑Year Guidance
Updated 2026 guidance: revenues of $4.3 billion to $4.4 billion and EBITDA of $345 million to $360 million (midpoint implies ~8.1% EBITDA margin), reflecting Q1 execution and the acquisition.
Operational Execution and Diversified End Markets
Company emphasized disciplined project selection and operational playbook across ~40,000 projects annually; benefits from diversified end markets including data center, hospitality, high‑tech, transmission, and undergrounding.
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 |
|---|---|---|---|
May 05, 2026 | $168.32 | $169.16 | +0.50% |
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% |
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 Aug 18, 2026, After Close (Confirmed).
What is Everus Construction Group, Inc. (ECG) earnings time?
Everus Construction Group, Inc. (ECG) earnings time is at Aug 18, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is ECG EPS forecast?
ECG EPS forecast for the fiscal quarter 2026 (Q2) is 1.14.