Everus Construction Group Reports Record Q3 2026 Results and Raises Full-Year Guidance
Everus Construction Group (ECG) delivered strong third-quarter 2026 financial results, characterized by a 40.3% year-over-year revenue increase to $1.38 billion. Growth was primarily fueled by the Electrical and Mechanical segment, which saw a 48% rise driven by high demand in data center and high-tech submarkets. The company's total backlog surged by 86.1% to $5.48 billion, reflecting robust market demand. Driven by efficient project execution and top-line expansion, EBITDA rose 57.5% to $140.2 million, expanding margins to 10.1%. Consequently, management raised its full-year 2026 guidance for both revenue ($5.0B–$5.1B) and EBITDA ($485M–$495M). Despite the strong performance, leadership noted potential risks regarding lumpy revenue cadences in modular construction and ongoing industry-wide labor shortages.
