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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Webuild
Webuild (WBD) investor relations material
Webuild Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary12 Nov, 2026
Executive summary
New orders reached €11.1bn; tenders awaiting outcome total €24.9bn and the short-term commercial pipeline stands at €99.3bn. 2026 guidance was confirmed.
Strategic deliveries included the first section of the Naples–Bari high-speed railway, the main section of Halkali–Kapikule in Turkey, and water projects in Seattle and Kansas City.
Workforce exceeded 83,000, including 22,000 in Italy; approximately 2,000 direct hires were made in Italy in the first nine months.
Financial highlights
New orders since the start of 2026 total €11.1bn, including variation orders; €3.0bn relates to tenders where the best-bidder position was achieved.
Approximately 75% of new orders were secured in key geographies with a low-risk profile; the remainder mainly involves strategic infrastructure programmes supported by institutions and investors.
Outlook and guidance
FY2026 guidance confirmed: revenue exceeding €13.6bn, EBITDA exceeding €1.2bn with margins continuing to expand, and year-end net cash exceeding €300m.
Guidance reflects the termination of the NEOM projects, assumed absorbed by backlog diversification; it assumes no substantial geopolitical change, extreme raw-material price movements or significant supply-chain disruption.
Guidance is standalone and excludes all effects of the Trevi tender offer, including shares already purchased.
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Latest events from Webuild
- Record backlog and net cash underpin accelerated growth targets for 2024.WBD
H2 2023 - H1 2026 saw record revenues, margin expansion, and a €53.7bn backlog supporting future growth.WBDQ2 2026
- €3 billion in new orders, robust pipeline, and strong financial outlook for 2026.WBDQ1 2026
- Record revenue, EBITDA, and backlog drive stable 2026 outlook with strong cash and risk focus.WBDQ4 2025
- Order intake and backlog exceed targets, with strong outlook and BB+ rating upgrade.WBDQ3 2025
- Double-digit revenue and EBITDA growth, record backlog, and 2025 guidance confirmed.WBDQ2 2025
- €8.3bn in new orders YTD, 2024 guidance confirmed, and strong global project pipeline.WBDQ3 2024
- Revenue up 20% to €5.5bn, EBITDA margin 7.5%, backlog €65bn, net income tripled.WBDH1 2024
- Record 2024: €12bn revenue, €967m EBITDA, €1.4bn net cash, €63bn backlog; 2025 guidance raised.WBDQ4 2024
Next Webuild earnings date
Q4 202611 Mar, 2027
Webuild
Next Webuild earnings date
Q4 202611 Mar, 2027
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Frequently asked questions
Webuild S.p.A. operates in the construction and civil engineering sector, delivering infrastructure projects including roads, railways, dams, and metro systems. The company serves public and private sector clients globally and specializes in complex, large-scale works. The company is headquartered in Milan, Italy, and its shares are listed on the BIT.