Everus Construction Group Inc
NYSE:ECG
Everus Construction Group Inc
Everus Construction Group Inc is a US-based company operating in Construction & Engineering industry. The company is headquartered in Bismarck, North Dakota and currently employs 7,000 full-time employees. The company went IPO on 2024-10-28. Everus Construction Group, Inc. is a construction solutions provider offering specialty contracting services to a set of end markets across the United States. Its segments are Electrical & Mechanical (E&M) and Transmission & Distribution (T&D). Its E&M segment offers a variety of specialty contracting services, including construction and maintenance of electrical and communication wiring, fire suppression systems, and mechanical piping and services to customers in both the public and private sectors. Its T&D segment specializes in transmission and distribution construction and offers a set of specialty contracting services, including the construction and maintenance of overhead and underground electrical, gas and communication infrastructure. T&D segment also designs, manufactures, sells and rents overhead and underground line-stringing equipment and tools. T&D segment also provides solutions across excavation and underground boring, substations, signals and lighting, and others.
Everus Construction Group Inc is a US-based company operating in Construction & Engineering industry. The company is headquartered in Bismarck, North Dakota and currently employs 7,000 full-time employees. The company went IPO on 2024-10-28. Everus Construction Group, Inc. is a construction solutions provider offering specialty contracting services to a set of end markets across the United States. Its segments are Electrical & Mechanical (E&M) and Transmission & Distribution (T&D). Its E&M segment offers a variety of specialty contracting services, including construction and maintenance of electrical and communication wiring, fire suppression systems, and mechanical piping and services to customers in both the public and private sectors. Its T&D segment specializes in transmission and distribution construction and offers a set of specialty contracting services, including the construction and maintenance of overhead and underground electrical, gas and communication infrastructure. T&D segment also designs, manufactures, sells and rents overhead and underground line-stringing equipment and tools. T&D segment also provides solutions across excavation and underground boring, substations, signals and lighting, and others.
Record Financials: Everus delivered record third quarter revenue, net income, and EBITDA, with revenue up 30% and EBITDA up 37% year-over-year.
Margin Expansion: EBITDA margin improved by 50 basis points to 9%, driven by strong project execution and efficiency gains.
Backlog Strength: Backlog reached $2.95 billion, up 2% year-over-year and 6% since year-end, providing strong revenue visibility.
Guidance Raised: Full-year 2025 revenue guidance was increased to $3.55–$3.65 billion (from $3.3–$3.4 billion), and EBITDA guidance was raised to $290–$300 million (from $240–$255 million).
Data Center Growth: Data center projects continue to drive both revenue and backlog, with demand showing no signs of slowing.
Strong Balance Sheet: Net leverage is low at 0.5x, enabling flexibility for future M&A opportunities.
Execution Focus: Management highlighted disciplined project selection and strong execution as core to ongoing success.
