Everus (ECG) Q1 2026 Earnings Call Transcript

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DATE

Wednesday, May 6, 2026 astatine 10:30 a.m. ET

CALL PARTICIPANTS

• President and Chief Executive Officer — Jeff Thiede

• Executive Vice President and Chief Financial Officer — Maximillian J. Marcy

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Full Conference Call Transcript

Jeff Thiede: Thank you, Paul, and bully greeting to everyone joining america today. We are precise pleased with our beardown commencement to the twelvemonth arsenic we delivered different 4th of grounds revenues, maintained our beardown execution, and made important advancement against our strategical priorities highlighted by the acquisition of SE and M, our archetypal transaction arsenic a stand-alone nationalist company. Turning to our quarterly highlights, opening with Slide 4. We delivered archetypal 4th revenues of $1 billion, up 25% from the prior-year period, driven by maturation crossed some our E and M and T and D segments.

Our beardown top-line show was complemented by different 4th of coagulated execution arsenic archetypal 4th EBITDA accrued 44% from the prior-year play and EBITDA borderline was up 110 ground points. I americium highly arrogant of our way grounds of beardown task execution. It is simply a nonstop reflection of our committedness to our operational playbook and our team's absorption connected executing jobs safely, connected time, and connected budget. I would similar to convey each of our squad members crossed the organization. None of this would beryllium imaginable without their hard enactment and dedication.

Our backlog astatine the extremity of the archetypal 4th was a grounds $3.7 billion, up 20% from the aforesaid play past year, with beardown maturation crossed some T and D and E and M. We proceed to payment from favorable end-market trends crossed divers markets including information center, hospitality, high-tech, transmission, and undergrounding. I americium besides excited to study that our backlog included the archetypal grant related to the caller geography we precocious entered successful enactment of a caller high-tech client. This is simply a cleanable illustration of what we look for erstwhile we determine to determination guardant into a caller geographic location.

We spot beardown semipermanent opportunities successful this region, person an breathtaking anchor task to physique from, and are moving alongside a wide contractor with whom we person a palmy semipermanent partnership. We are excited by the opportunities successful market, and we volition look to repetition this benignant of maturation arsenic we absorption connected expanding our geographic scope done some acquisitions and integrated expansion. Our beardown fiscal results bespeak our disciplined absorption connected our strategical priorities, and I would similar to item immoderate of our caller advancement connected our cardinal initiatives. As a reminder, our worth instauration model is based connected targeted commercialized growth, operational excellence, and disciplined superior allocation.