Everus Reports Third Quarter 2026 Results, Raises 2026 Guidance
Q3 revenue $1.38B up 40%, EPS $1.79 up 61%, backlog $5.48B up 86% y/y; FY26 revenue guidance raised to $5.0-5.1B.
What this release says
Everus reported record third quarter 2026 revenue of $1.38 billion, up 40.3%, with net income up 61.2% and diluted EPS of $1.79. The company also raised its full-year 2026 outlook to revenue of $5.0 billion to $5.1 billion and EBITDA of $485 million to $495 million. Backlog reached $5.48 billion, which points to a strong order pipeline, though the Epsilon Industries acquisition completed on Sept. 1 is still being integrated.
Key figures
- Q3 revenues
- $1.38 billion
- Q3 net income
- $91.9 million
- Q3 diluted EPS
- $1.79
- Backlog
- $5.48 billion
- Net leverage
- 0.7x
- Raised 2026 revenue outlook
- $5.0 billion to $5.1 billion
Positive for shareholders
- Revenue, net income and EBITDA all hit quarterly records, with EBITDA up 57.5%.
- Backlog grew 86.1% from Sept. 30, 2025, giving visibility into future work.
- Full-year revenue and EBITDA guidance was raised.
- Net leverage of 0.7x leaves room for further growth investment.
Negative for shareholders
- Management says the Epsilon Industries integration is progressing as planned, but it is still in progress.
- Part of the revenue growth came from acquisitions rather than organic expansion.
Written by Quantisnow AI from this release. Not financial advice.
Key terms
- EBITDA:
- Earnings before interest, taxes, depreciation and amortization, a measure of operating profit that excludes financing, tax and accounting charges.
- Backlog:
- The total value of contracted work the company has yet to complete and recognize as revenue.
- Net leverage:
- Net debt divided by earnings, showing how many years of earnings it would take to repay debt after subtracting cash.
- Organic growth:
- Revenue growth from existing operations, excluding revenue added through acquisitions or divestitures in the past 12 months.
FAQ
How much did Everus Construction Group's third quarter revenue grow?
Everus reported revenue of $1.38 billion for the third quarter, up 40.3% from the prior-year period, and says this was a quarterly record.
What new guidance did Everus Construction Group give for 2026?
Everus now expects 2026 revenue of $5.0 billion to $5.1 billion and EBITDA of $485 million to $495 million.
What is the Epsilon Industries acquisition for Everus?
Everus completed the acquisition of Epsilon Industries on Sept. 1, 2026, which the company says significantly expands its off-site modular construction and prefabrication capabilities.
Historical context for ECG
Across the 23 sessions after earlier ECG headlines, the stock closed higher 15 times and lower 8 times, with a median move of 2.1% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | ECG | SPY |
|---|---|---|---|
| Oct 29, 2026 | Everus to Participate in Upcoming Investor Conferences | +2.1% | -0.4% |
| Oct 22, 2026 | Everus Announces Third Quarter 2026 Results Webcast Schedule | -8.4% | -1.2% |
| Sep 3, 2026 | Everus to Participate in Upcoming Investor Conferences | +2.1% | +1.0% |
| Sep 2, 2026 | Everus Completes Acquisition of Epsilon Industries | -0.9% | +0.4% |
| Aug 21, 2026 | DA Davidson initiated coverage on Everus with a new price target | +0.5% | +0.4% |
| Aug 5, 2026 | Everus Reports Second Quarter 2026 Results, Raises 2026 Guidance | +3.4% | -0.2% |
- Market cap
- 30-day
- Sector
- Consumer Discretionary
- Industry
- Homebuilding
- Listed since
- 2024
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