Everus Construction Group, Inc. (ECG) saw its stock price soar 12.53% during intraday trading on Tuesday, driven by the company's release of its first-quarter 2026 financial results.
The construction company reported revenue of $1,040 million for Q1 2026, significantly surpassing the Ibes estimate of $933.8 million. Other key metrics included EBITDA of $88.9 million, net income of $58.3 million, earnings per share of $1.14, and a gross margin of 12.6%.
Alongside the robust quarterly figures, the company announced it was raising its financial guidance for the full year 2026, signaling management's confidence in continued strong performance. This combination of an earnings beat and an optimistic outlook fueled the significant positive market reaction.