Q1 2026 Solv Energy Inc Earnings Call Transcript

May 12, 2026 / 12:30 PM GMT

Release Date Price: $45.84 (+2.25%)

Transcript 10-Q8-K

Key Points

Positve

SOLV Energy Inc (MWH) reported a 66% year-over-year increase in first-quarter revenue, reaching $677 million, driven by significant new construction revenue.
The company achieved an adjusted gross profit of $124 million, reflecting a strong adjusted gross margin of 18.4%, due to productivity gains and favorable weather conditions.
SOLV Energy Inc (MWH) increased its full-year guidance for adjusted gross profit and adjusted EBITDA, indicating confidence in continued strong performance.
The acquisition of Roberson Waite Electric is expected to strengthen SOLV Energy Inc (MWH)'s capabilities in utility infrastructure and support expansion into the regulated market.
The company's backlog grew to approximately $8.2 billion, providing strong visibility into future revenue and reflecting ongoing momentum and customer demand.

Negative

SOLV Energy Inc (MWH) reported a net loss of $27 million for the first quarter, primarily due to a one-time non-cash expense related to legacy equity awards.
The company faces pressures on pricing and scheduling across its business, which could impact future project execution.
There are concerns about potential permitting freezes that could slow down project approvals and impact backlog growth.
The integration of acquisitions like Roberson Waite Electric may present challenges in terms of operational integration and margin impact.
SOLV Energy Inc (MWH) must navigate risks associated with federal permitting, which could impede progress on certain projects.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MWH.OQ - Solv Energy Inc
Q1 2026 Solv Energy Inc Earnings Call
May 12, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, and welcome to Solve Energy's first quarter earnings results conference call.

Today's call is being recorded, and we have allocated one hour for prepared remarks and Q&A.

At this time, I would like to turn the conference over to Anthony Rosmers in this relations of Solve Energy.

Thank you, and you may begin.

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Unidentified_2 [2]
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Good morning, everyone, and thank you for joining us for Solve Energy's first quarter 2026 Earnings Conference Call.

Before we begin, we would like to remind you that this conference

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