Earnings ·
Everus raises full-year revenue guidance to $5.1B after Q3 earnings of $91.9M, up 61%
ECGEverus Construction Group, Inc.
Everus Construction Group reported third-quarter net income of $91.9 million, or diluted EPS of $1.79, driven by a 40.3% revenue increase to $1.38 billion and strong organic growth in its electrical and mechanical segment. The company raised its full-year revenue outlook to $5.0–$5.1 billion and EBITDA guidance to $485–$495 million, citing robust demand in data centers and high-tech markets alongside the integration of recent acquisitions. Backlog grew 86% year-over-year to $5.48 billion, while net leverage remained low at 0.7x. Everus Construction Group provides electrical, mechanical, transmission, and distribution construction services across the United States.