Everus Reports First Quarter Results, Affirms Guidance for 2025

About this update from Everus Construction Group, Inc.

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":476,"height":480,"url":"https://media.zenfs.com/en/business-wire.com/e0748bd39371dd7a292ec01121d7d990"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ELasW1oU64xaB4ykP7b6kw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcxMTtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/e0748bd39371dd7a292ec01121d7d990","width":476,"height":480}},"lazy":false},{"type":"text","content":"BISMARCK, N.D., May 13, 2025--(BUSINESS WIRE)--Everus Construction Group (NYSE: ECG) today reported financial results for first quarter 2025.","length":141,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Summary","length":26,"tagName":"p"},{"type":"text","content":"(all comparisons versus the prior-year period unless otherwise noted)","length":69,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenues of $826.6 million, up 32.1%.","length":37,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net income of $36.7 million, up 30.1%; net income margin of 4.4%.","length":65,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Diluted earnings per share of 72 cents, up 30.9%.","length":49,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Earnings before interest, taxes, depreciation and amortization of $61.8 million, up 31.8%; EBITDA margin of 7.5%.","length":113,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Backlog of $3.1 billion, up 10.0% from Dec. 31, 2024, and up 40.5% from March 31, 2024.","length":87,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Affirms estimated full-year guidance for 2025.","length":46,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":397,"olType":false},{"type":"text","content":"See the Non-GAAP Measures sections for definitions and reconciliations of the non-GAAP financial measures used in this news release.","length":132,"tagName":"p"},{"type":"text","content":"Management Commentary","length":21,"tagName":"p"},{"type":"text","content":""Everus’ strong first quarter results reflect robust opportunities across our diverse end markets, efficient project execution and record backlog," said Jeffrey S. Thiede, president and CEO of Everus. "Our electrical and mechani...

More updates from Everus Construction Group, Inc.