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Jun 30, 2025
Everus Construction Group Inc Q2 2025 Earnings Report
Everus Construction Group Inc reported record revenue and earnings in Q2 2025, driven by strong execution and momentum in its core segments.
Key Takeaways
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.
Revenue grew 31% YoY to $921.5M, a quarterly record
Net income rose 35.4% to $52.8M, EPS at $1.03
EBITDA reached $84.2M with a 9.1% margin
Backlog increased to $3.0B, up 23.9% YoY
Revenue by Segment
Forward Guidance
Everus raised its full-year 2025 guidance based on strong first-half results, with updated expectations for revenue and EBITDA growth.
Positive Outlook
- Full-year revenue guidance raised to $3.3B–$3.4B (from $3.0B–$3.1B)
- Full-year EBITDA guidance raised to $240M–$255M (from $210M–$225M)
- Strong backlog growth supports future revenue
- Improved net leverage to 0.8x from 1.0x
- Positive free cash flow of $6.5M in H1 2025
Challenges Ahead
- Gross capital expenditures increasing YoY
- EBITDA margin expected to be lower than 2024 due to stand-alone costs
- Higher SG&A expenses from labor and overhead
- Modest growth in T&D segment revenue
- Lower unrealized investment gains YoY
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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