v3.26.1
Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
Summary Compensation Table total for CEO(1)
($)
Compensation actually paid to CEO (2)
($)
Average Summary Compensation Table total for other NEOs(1)
($)
Average compensation actually paid to other NEOs(2)
($)
TSR(3)
($)
Peer group TSR(4)
($)
Net Income
($ in millions)
Adjusted EBITDA
($ in millions)
Adjusted EPS
($ per share)
2025$8,414,685$35,288,207$1,792,898$6,369,307$1,646$652$290.2$504$10.88
202416,871,12132,166,1882,202,8756,320,196905387257.53256.10
20236,051,58017,763,5751,705,6834,028,130472228138.72604.47
20225,177,78611,948,5431,555,9492,883,230176148106.52123.17
20214,842,27610,996,7531,401,6332,688,65314114662.61432.25
       
Company Selected Measure Name EBITDA        
Named Executive Officers, Footnote For each year referenced in the table, Mr. Cutillo served as our CEO. Our other NEO’s for 2025 consisted of Messrs. Grindstaff, Ballschmiede, Govin, and Wolf and Ms. Villaverde, our other NEO’s for 2024 consisted of Messrs. Ballschmiede, Govin, and Wolf and Ms. Villaverde, and our other NEOs for 2023, 2022 and 2021 consisted of Messrs. Ballschmiede and Wolf.        
Peer Group Issuers, Footnote The peer group data reflects our compensation peer group as approved by the Compensation Committee for 2025, with minimal changes from the 2024 peer group to better reflect our increasing size and complexity. Peer group changes are captured in the table below. Cumulative TSR (from 12/31/2020-12/31/2025) for the peer group used in 2024 would have been $686. The table below provides a summary of the companies in the peer group by year:
Company Name
Compensation Peer 2022
Compensation Peer 2023
Compensation Peer 2024
Compensation Peer 2025
Ameresco, Inc.
ü
ü
Arcosa, Inc.
ü
ü
Astec Industries,
ü
ü
Chart Industries, Inc.
ü
ü
ü
ü
Columbus McKinnon Corporation
ü
ü
ü
ü
Comfort Systems USA, Inc.
ü
ü
ü
ü
Construction Partners, Inc.

ü
ü
ü
Dycom Industries, Inc.
ü
ü
ü
ü
Eagle Materials Inc.
ü
ü
ü
ü
EMCOR Group, Inc.
ü
Granite Construction Incorporated
ü
ü
ü
ü
Great Lakes Dredge & Dock Corporation
ü
ü

IES Holdings, Inc.
ü
ü
ü
ü
Infrastructure and Energy Alternatives

ü

INNOVATE Corp
ü
ü

Matrix Service Company
ü


MYR Group Inc.
ü
ü
ü
ü
Primoris Services Corporation
ü
ü
ü
ü
Quanta Services, Inc.
ü
Standex International Corporation
ü

Summit Materials, Inc.
ü
ü
ü
ü
U.S. Concrete, Inc.
ü

       
PEO Total Compensation Amount $ 8,414,685 $ 16,871,121 $ 6,051,580 $ 5,177,786 $ 4,842,276
PEO Actually Paid Compensation Amount $ 35,288,207 32,166,188 17,763,575 11,948,543 10,996,753
Adjustment To PEO Compensation, Footnote SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine “compensation actually paid” as reported in the Pay versus Performance Table. The following table details these adjustments:
Equity Award Adjustments
YearExecutive(s)Summary compensation table total
($)
Deduct stock awards
($)
Include year-end equity value for awards granted during the year
($)
Include Change in value of prior equity awards vesting during year
($)
Deduct value of prior year awards forfeited during year
($)
Include Change in value of prior equity awards not vested during year
($)
2025CEO$8,414,685$(4,675,000)$10,347,301$6,632,007$—$14,569,214
Other NEOs1,792,898(550,215)1,307,0431,127,0622,692,519
2024CEO16,871,121(13,549,863)15,220,1348,671,8504,952,946
Other NEOs2,202,875(716,765)3,463,189914,127456,770
2023CEO6,051,580(3,000,019)8,042,4304,150,7882,518,796
Other NEOs1,705,683(539,134)1,445,305914,468501,808
2022CEO5,177,786(2,489,979)3,622,9243,117,1742,520,638
Other NEOs1,555,949(493,362)717,844589,480513,319
2021CEO4,842,276(2,346,190)2,511,9923,381,8882,606,787
Other NEOs1,401,633(479,715)513,613684,562568,560
       
Non-PEO NEO Average Total Compensation Amount $ 1,792,898 2,202,875 1,705,683 1,555,949 1,401,633
Non-PEO NEO Average Compensation Actually Paid Amount $ 6,369,307 6,320,196 4,028,130 2,883,230 2,688,653
Adjustment to Non-PEO NEO Compensation Footnote SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine “compensation actually paid” as reported in the Pay versus Performance Table. The following table details these adjustments:
Equity Award Adjustments
YearExecutive(s)Summary compensation table total
($)
Deduct stock awards
($)
Include year-end equity value for awards granted during the year
($)
Include Change in value of prior equity awards vesting during year
($)
Deduct value of prior year awards forfeited during year
($)
Include Change in value of prior equity awards not vested during year
($)
2025CEO$8,414,685$(4,675,000)$10,347,301$6,632,007$—$14,569,214
Other NEOs1,792,898(550,215)1,307,0431,127,0622,692,519
2024CEO16,871,121(13,549,863)15,220,1348,671,8504,952,946
Other NEOs2,202,875(716,765)3,463,189914,127456,770
2023CEO6,051,580(3,000,019)8,042,4304,150,7882,518,796
Other NEOs1,705,683(539,134)1,445,305914,468501,808
2022CEO5,177,786(2,489,979)3,622,9243,117,1742,520,638
Other NEOs1,555,949(493,362)717,844589,480513,319
2021CEO4,842,276(2,346,190)2,511,9923,381,8882,606,787
Other NEOs1,401,633(479,715)513,613684,562568,560
       
Compensation Actually Paid vs. Total Shareholder Return Our cumulative TSR has exceeded or is comparable with the peer group TSR during the past five years, demonstrating outsized value delivered to our shareholders. The CEO and other-NEO “compensation actually paid” each year tracks our TSR performance and only increased when our TSR increased        
Compensation Actually Paid vs. Net Income Moreover, our Net Income and Adjusted EBITDA increased in each of the past five years.        
Compensation Actually Paid vs. Company Selected Measure Likewise, the CEO and other-NEO “compensation actually paid” only increased when our Adjusted EBITDA increased; demonstrating strong correlation between pay and performance.        
Total Shareholder Return Vs Peer Group Our cumulative TSR has exceeded or is comparable with the peer group TSR during the past five years, demonstrating outsized value delivered to our shareholders. The CEO and other-NEO “compensation actually paid” each year tracks our TSR performance and only increased when our TSR increased.        
Tabular List, Table
As noted above, our compensation committee believes in a holistic evaluation of our executives’ and the Company’s performance and uses a mix of performance measures throughout our annual and long-term incentive programs to align executive pay with shareholder value creation. As required by SEC rules, the performance measures identified as the most important in determining our NEOs’ 2025 compensation are listed below.
For performance year 2025, our compensation committee identified the performance measures of Adjusted EBITDA, EPS, Relative TSR and Absolute TSR as the most important in its compensation-setting process for the NEOs. The importance of Adjusted EBITDA is reflected by our use of this measure when setting performance standards applicable to short-term incentive plans. Our compensation committee utilizes EPS and TSR for purposes of setting long-term incentive performance goals.
EBITDA
EPS
RELATIVE TSR
ABSOLUTE TSR
       
Total Shareholder Return Amount $ 1,646 905 472 176 141
Peer Group Total Shareholder Return Amount 652 387 228 148 146
Net Income (Loss) $ 290,200,000 $ 257,500,000 $ 138,700,000 $ 106,500,000 $ 62,600,000
Company Selected Measure Amount 504,000,000 325,000,000 260,000,000 212,000,000 143,000,000
PEO Name Mr. Cutillo        
Additional 402(v) Disclosure TSR reflects the value of a $100 investment made on 12/31/2020, as measured at the end of each year shown in the table.        
Measure:: 1          
Pay vs Performance Disclosure          
Name EBITDA        
Measure:: 2          
Pay vs Performance Disclosure          
Other Performance Measure, Amount | $ / shares 10.88 6.10 4.47 3.17 2.25
Name EPS        
Measure:: 3          
Pay vs Performance Disclosure          
Name RELATIVE TSR        
Measure:: 4          
Pay vs Performance Disclosure          
Name ABSOLUTE TSR        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (4,675,000) $ (13,549,863) $ (3,000,019) $ (2,489,979) $ (2,346,190)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 10,347,301 15,220,134 8,042,430 3,622,924 2,511,992
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 14,569,214 4,952,946 2,518,796 2,520,638 2,606,787
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,632,007 8,671,850 4,150,788 3,117,174 3,381,888
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (550,215) (716,765) (539,134) (493,362) (479,715)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,307,043 3,463,189 1,445,305 717,844 513,613
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,692,519 456,770 501,808 513,319 568,560
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,127,062 914,127 914,468 589,480 684,562
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0