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.
Everus reaffirmed its full-year 2025 guidance based on strong Q1 results and favorable market conditions.
Visualization of income flow from segment revenue to net income
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