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Mar 31
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.
Everus Construction Group Inc
Everus Construction Group Inc
Everus Construction Group Inc Revenue by Segment
Revenue by Segment
Electrical & Mechanical Revenue
CapyFin.comTransmission & Distribution Revenue
CapyFin.com 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.
- Lower operating cash flow compared to prior year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income