Everus Construction Group Inc Earnings Reports

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.