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Mar 31, 2025
Everus Construction Group Inc Q1 2025 Earnings Report
Everus Construction Group reported strong Q1 2025 results with significant revenue and earnings growth, supported by a record backlog.
Key Takeaways
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.
Revenue rose 32.1% to $826.6 million, fueled by electrical and mechanical segment growth.
Net income reached $36.7 million, with diluted EPS of $0.72.
Backlog increased to a record $3.1 billion, up 40.5% YoY.
Free cash flow turned negative due to increased capital expenditures and working capital needs.
Revenue by Segment
Forward Guidance
Everus reaffirmed its full-year 2025 guidance based on strong Q1 results and favorable market conditions.
Positive Outlook
- Record backlog of $3.1 billion indicates sustained demand.
- Electrical and mechanical segment growth, especially in high-tech sectors.
- Robust project pipeline in data centers and utility infrastructure.
- Favorable long-term demand drivers like reshoring and infrastructure investment.
- Strong positioning to meet long-term financial targets.
Challenges Ahead
- Lower EBITDA margins expected due to stand-alone operating costs.
- Increased capital expenditures may pressure cash flow.
- Economic uncertainties could affect project timing.
- Weather-related impacts influenced utility segment performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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