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Everus Construction Group (ECG)

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Recent press releases and 8-K filings for ECG.

Everus Construction Group Reports Record Q3 2025 Results and Raises Full-Year Guidance
ECG
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Everus Construction Group reported record quarterly revenue, net income, and EBITDA for Q3 2025, with revenue increasing 30% and EBITDA increasing 37% compared to the prior year period.
  • For Q3 2025, revenue reached $986.8 million and EBITDA was $89 million, resulting in an EBITDA margin of 9%.
  • The company's total backlog stood at $2.95 billion as of September 30, 2025, reflecting a 2% increase from the prior year and 6% from the end of 2024.
  • Everus raised its full-year 2025 guidance, now forecasting revenue in the range of $3.55 billion-$3.65 billion and EBITDA between $290 million-$300 million.
  • Performance was driven by strong growth in the electrical and mechanical segment, particularly the data center submarket, and the company reported a net leverage of approximately 0.5 times.
Nov 5, 2025, 3:30 PM
Everus Reports Record Q3 2025 Results and Raises Full-Year Guidance
ECG
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Everus reported record quarterly revenue of $986.8 million, a 30% increase from the prior year, and EBITDA of $89 million, up 37%, leading to a 9% EBITDA margin for Q3 2025.
  • The company raised its full-year 2025 guidance, now expecting revenues between $3.55 billion and $3.65 billion and EBITDA between $290 million and $300 million.
  • Total backlog reached $2.95 billion at the end of Q3 2025, reflecting a 2% increase from the prior year and 6% from the end of 2024, with strong growth in the Electrical & Mechanical segment and T&D backlog up 19%.
  • Operating cash flows for the first nine months of 2025 were $108.6 million, with free cash flow at $74.8 million, and net leverage stood at approximately 0.5 times.
Nov 5, 2025, 3:30 PM
Everus Construction Group Reports Record Q3 2025 Results and Raises Full-Year Guidance
ECG
Earnings
Guidance Update
New Projects/Investments
  • Everus Construction Group reported record quarterly revenue of $986.8 million for Q3 2025, an increase of 30% compared to the same period last year, primarily driven by strong growth in the electrical and mechanical (E&M) segment and sustained momentum in the data center submarket.
  • Total EBITDA for Q3 2025 was $89 million, marking a 37% increase from the prior year period, with an EBITDA margin of 9%, up 50 basis points from 8.5%.
  • The company's total backlog as of September 30, 2025, reached $2.95 billion, representing a 6% increase from the end of 2024.
  • Everus raised its full-year 2025 guidance, now forecasting revenues in the range of $3.55 billion to $3.65 billion and EBITDA in the range of $290 million to $300 million.
  • The company is actively evaluating M&A opportunities, noting a broader and deeper funnel, and aims for geographical expansion in both the T&D and E&M segments.
Nov 5, 2025, 3:30 PM
ECG Reports Strong Q3 2025 Results and Raises Full-Year Guidance
ECG
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • ECG reported strong Q3 2025 results with revenue growth of 30% to $986.8 million and EBITDA increasing 37% to $89.0 million.
  • The company achieved an EBITDA margin of 9.0%, up 50 basis points from the prior year, and its backlog grew 2% to $2.95 billion as of September 30, 2025.
  • Net debt was $159 million at September 30, 2025, leading to a net leverage of 0.5x, well below the long-term target range, and year-to-date free cash flow improved to $74.8 million.
  • ECG raised its 2025 financial guidance, now expecting revenues between $3.55 billion and $3.65 billion and EBITDA between $290 million and $300 million.
Nov 5, 2025, 3:30 PM
Everus Construction Group Reports Strong Q4 and Full-Year 2024 Results, Provides 2025 Guidance
ECG
Earnings
Guidance Update
M&A
  • Everus Construction Group (ECG) reported Q4 2024 revenue of $760 million, a 19.5% increase year-over-year, contributing to full-year 2024 revenue of $2.85 billion.
  • Full-year 2024 EBITDA rose to $232 million from $223 million in 2023, despite Q4 2024 EBITDA remaining flat at $58 million due to $6.3 million in public company stand-up costs.
  • The company's total backlog reached $2.8 billion at the end of Q4 2024, an increase of 38% year-over-year, with net leverage at 1.0 times.
  • For 2025, ECG forecasts revenue in the range of $3.0 billion to $3.1 billion and EBITDA between $210 million and $225 million.
  • ECG plans to focus on strategic M&A and organic growth investments, supported by its asset-light model and strong financial flexibility.
Feb 12, 2025, 3:30 PM