SOLV Energy Q1 revenue $677M (+66% YoY); raises FY adj. EBITDA guidance; acquires RWE

SOLV Energy, Inc.

• Revenue $677M (+66% YoY), gross profit $119M (+102%), net loss $(27)M including $52M one-time non-cash charge for equity award modification.
• Adjusted EBITDA $93M (+174% YoY); raises FY 2026 adjusted EBITDA guidance to $435M-$455M.
• Acquires Roberson Waite Electric for $45M ($36M at closing, remainder performance-based); expected close Q3 2026.
• Chief Strategy Officer Erik Johnson resigned, transitions to non-executive role through end of 2026.
• Appoints Mike Adams as VP of Investor Relations; over 20 years experience in energy sector and capital markets.

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