Everus Construction Group Inc Earnings Reports

Everus Construction Group delivered a record-breaking third quarter in 2025, with revenues soaring to $986.8 million, a 29.7% increase year-over-year, and net income reaching $57.0 million, up 36.4%. The company also achieved record diluted EPS of $1.11 and EBITDA of $89.0 million, driven by robust project execution and strong demand across its core markets, particularly in the Electrical and Mechanical segment.

Everus posted a 31% increase in revenue and a 35% rise in net income for Q2 2025. Both Electrical & Mechanical and Transmission & Distribution segments delivered solid growth, with backlog reaching $3.0 billion. The company raised its full-year revenue and EBITDA guidance.

Everus posted a 32.1% year-over-year revenue increase in Q1 2025, driven by robust performance in the electrical and mechanical segment. Net income rose to $36.7 million with steady margins, and a record $3.1 billion backlog reinforces a positive market outlook.

Everus Construction Group reported strong Q4 2024 results with revenue increasing 19.5% year-over-year to $759.7 million. Net income declined to $34.4 million, impacted by higher SG&A and interest expenses following the company’s spinoff. Adjusted EBITDA was $58.3 million, with a margin of 7.7%. Segment growth was led by Electrical & Mechanical (E&M), which grew 20.9%, and Transmission & Distribution (T&D), which increased 15.2%.

Everus Construction Group reported a strong third quarter with a 6.1% increase in revenues to $761.0 million and a 16.1% increase in net income to $41.8 million. The company's EBITDA increased by 12.1% to $65.0 million, and backlog reached a record $2.88 billion. The company reiterated its full-year guidance for revenue and EBITDA.