The company said revenue for the quarter ended March 31, 2026 was $4.63 billion, a quarterly record, and up 19.7% from $3.87 billion in the same quarter last year. It cited incremental acquisition contribution of $234.1 million.

10-QQuarterly reportFiled Apr 29, 2026Period of report Mar 31, 2026Summary published (UTC) Oct 2, 2026

Key points

AI summary

The company said revenue for the quarter ended March 31, 2026 was $4.63 billion, a quarterly record, and up 19.7% from $3.87 billion in the same quarter last year. It cited incremental acquisition contribution of $234.1 million.
The company said operating income for Q1 2026 was $403.8 million (8.7% of revenues), and net income was $305.5 million ($6.84 per diluted share). For the same quarter last year, operating income was $318.8 million (8.2%) and net income was $240.7 million ($5.26 per share).
The company said remaining performance obligations as of March 31, 2026 were a record $15.62 billion, up $13.25 billion from December 31, 2025 $2.37 billion. It cited new contract awards within its United States construction segments and its United States building services segment as the drivers.
The company said net cash provided by operating activities for Q1 2026 was $0.6 million, down from $108.5 million in the same quarter last year, and it attributed the decrease mainly to an increase in accounts receivable. Cash and cash equivalents were $916.4 million as of March 31, 2026.

Key figures

Quarter ended March 31, 2026

Revenue: $4.6B
Operating income: $404M
Net income: $305M
EPS: $6.84
Gross profit: $864M
Operating cash flow: $1M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly Revenue Record in Q1 2026 Revenues $4.63 billion

The company said revenue for the quarter ended March 31, 2026 was $4.63 billion, a quarterly record, and up 19.7% from $3.87 billion in the same quarter last year. It cited incremental acquisition contribution of $234.1 million.

Source · Based on the MD&A text of the filing

Operating Income $403.8 million, Net Income $305.5 million

The company said operating income for Q1 2026 was $403.8 million (8.7% of revenues), and net income was $305.5 million ($6.84 per diluted share). For the same quarter last year, operating income was $318.8 million (8.2%) and net income was $240.7 million ($5.26 per share).

Source · Based on the MD&A text of the filing

Remaining Performance Obligations $15.62 billion

The company said remaining performance obligations as of March 31, 2026 were a record $15.62 billion, up $13.25 billion from December 31, 2025 $2.37 billion. It cited new contract awards within its United States construction segments and its United States building services segment as the drivers.

Source · Based on the MD&A text of the filing

Operating Cash Flow $0.6 million, Cash $916.4 million

The company said net cash provided by operating activities for Q1 2026 was $0.6 million, down from $108.5 million in the same quarter last year, and it attributed the decrease mainly to an increase in accounts receivable. Cash and cash equivalents were $916.4 million as of March 31, 2026.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

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