MWH News & Events

Sees FY26 adjusted EBITDA $435M-$455M. Sees FY26 adjusted gross profit $610M-$650M.

Reports Q1 revenue $676.81M, consensus $618.33M. "With our IPO complete, our focus remains on execution and delivering exceptional services to our customers; a commitment reflected in continued strength of our backlog which is now approximately $8.2 billion," said George Hershman, Chief Executive Officer of SOLV Energy. "We delivered strong financial results in the first quarter, and the momentum we are seeing gives us confidence to raise our Adjusted EBITDA guidance for the full year. We are also pleased to have announced the acquisition of Roberson Waite Electric, which expands our capabilities and broadens our service offerings to the regulated utility market."

Solv Energy announced it has entered into an agreement to acquire Roberson Waite Electric, a California-based provider of utility substation construction, testing, commissioning, and related infrastructure services. RWE will operate as a Solv Energy company, retaining its current leadership team, operating model, and customer relationships. The transaction is expected to close by the third quarter of 2026.