Everus Construction Group, Inc. ( (ECG) ) has released its Q1 earnings. Here is a breakdown of the information Everus Construction Group, Inc. presented to its investors.
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Everus Construction Group, Inc., a member of the S&P SmallCap 600 index, provides a comprehensive range of construction services in the United States, specializing in electrical, mechanical, and transmission and distribution contracting for various sectors including utility, transportation, and commercial industries.
Everus Construction Group has reported a robust first quarter for 2025, showcasing significant financial growth and affirming its guidance for the year. The company achieved a 32.1% increase in revenues, reaching $826.6 million, and a 30.1% rise in net income, amounting to $36.7 million. The company’s backlog also saw a substantial increase, indicating strong future project opportunities.
Key financial highlights include a 31.8% increase in EBITDA to $61.8 million, with a consistent EBITDA margin of 7.5%. The Electrical and Mechanical segment led the growth with a 47% rise in revenues, primarily driven by data center projects, while the Transmission and Distribution segment experienced a slight decline in revenues but maintained solid profitability.
Despite economic uncertainties, Everus remains optimistic about its future, maintaining its full-year guidance for 2025. The company expects revenues to range between $3.0 billion and $3.1 billion, with EBITDA projected between $210 million and $225 million. With a strong backlog and strategic focus, Everus is well-positioned to continue its growth trajectory and deliver value to shareholders.