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Everus Construction Group, Inc.

For the period ended Mar 31, 2026. Filed May 6, 2026.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 6, 2026

ECG$76.60+5.7%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____________ to ______________

Commission File Number:001-42276

(Exact name of registrant as specified in its charter)

Delaware99-1952207
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
1730 Burnt Boat Drive Bismarck, North Dakota58503
(Address of principal executive offices)(Zip code)

(701)221-6400

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of exchange on which registered
Common Stock, par value $0.01 per shareECGNew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐.

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐.

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐No ☒.

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of May 4, 2026:51,041,606 shares.

INDEX

Page
Industry Information2
Part I -- Financial Information3
Item 1. Financial Statements. (Unaudited)3
Condensed Consolidated Statements of Income - Three Months Ended March 31, 2026 and 20253
Condensed Consolidated Balance Sheets - March 31, 2026 and December 31, 20254
Condensed Consolidated Statements of Equity - Three Months Ended March 31, 2026 and 20255
Condensed Consolidated Statements of Cash Flows - Three Months Ended March 31, 2026 and 20256
Notes to Condensed Consolidated Financial Statements7
1. Background and Nature of Operations7
2. Basis of Presentation and Summary of Significant Accounting Policies7
3. Revenue from Contracts with Customers11
4. Goodwill and Other Intangible Assets15
5. Fair Value Measurements15
6. Debt17
7. Leases18
8. Earnings Per Share20
9. Stock-Based Compensation21
10. Income Taxes22
11. Segment Information22
12. Commitments, Contingencies and Guarantees25
13. Related-Party Transactions26
14. Subsequent Events26
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.27
Item 3. Quantitative and Qualitative Disclosures About Market Risk.38
Item 4. Controls and Procedures.39
Part II -- Other Information41
Item 1. Legal Proceedings.41
Item 1A. Risk Factors.41
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.41
Item 3. Defaults Upon Senior Securities.41
Item 4. Mine Safety Disclosures.41
Item 5. Other Information.41
Item 6. Exhibits.42
Signatures43
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.