Everus Construction

Everus has completed the acquisition of Epsilon Industries for $295 million in cash; the purchase price is subject to customary closing adjustments. Epsilon, a manufacturer of modular mechanical and electrical building infrastructure systems with locations in the US and Canada, remains under existing leadership with Chris Wiederick as president. Everus financed the transaction from cash on hand and existing credit facilities and expects expanded geographic reach as well as a stronger presence in the data center, advanced manufacturing and healthcare markets. The company plans to adjust its 2026 financial guidance as part of the third-quarter report. » Mere på de.investing.com

Everus Construction announced the signing of a definitive agreement to acquire Epsilon Industries for $295 million in cash; the stock subsequently rose about 3.9%. The deal will be financed from cash on hand and credit facilities, with closing expected in the third quarter of 2026 and subject to regulatory approvals and customary conditions. Epsilon expects 2026 revenue of about $250 million with an EBITDA margin in the low double digits and its management team will remain with the company after the acquisition. Everus plans to update its 2026 financial guidance after successful closing. » Mere på de.investing.com

Everus Construction reported Q1 2026 EPS of $1.14 (forecast $0.48) and revenue of $1.04bn (+25% yoy). EBITDA rose to $88.9m with a margin of 8.6%, and the stock gained about 12% in after‑hours trading. Growth was driven mainly by the Electrical & Mechanical and Transmission & Distribution segments; the recent acquisition SE&M also contributed. The company raised its 2026 revenue guidance to $4.3–4.4bn and its EBITDA estimate to $345–360m. » Mere på de.investing.com