Question · Q1 2025
Quentin Helmer, on behalf of Brian Brophy at Stifel, questioned Everus's capabilities and strategy in the pharmaceutical manufacturing market and asked for an update on work related to wildfire mitigation in California, including any near-term spending impacts.
Answer
Executive Jeff Thiede identified biopharmaceuticals as a key focus for growth, to be pursued through both organic expansion and M&A. Regarding wildfire mitigation, Thiede confirmed Everus is well-positioned for undergrounding work in California, citing a long history of success, renewed Master Service Agreements (MSAs) with a long-standing customer, and a strong safety record, positioning them to continue pursuing this type of work.
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