Everus Construction Group, Inc. ( (ECG) ) has released its Q2 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, specializes in providing a comprehensive range of construction services, focusing on electrical and mechanical, as well as transmission and distribution specialty contracting services across the United States. The company caters to various sectors including commercial, industrial, institutional, renewables, utility, and transportation markets.
Everus Construction Group reported a robust second quarter for 2025, showcasing significant growth in revenues and profitability. The company achieved record revenues of $921.5 million, marking a 31% increase from the previous year, and net income rose by 35.4% to $52.8 million. The company also raised its full-year guidance for 2025, reflecting confidence in continued growth.
Key financial metrics highlighted in the report include a 35.6% increase in EBITDA to $84.2 million and a significant backlog increase to $3.0 billion, up 23.9% from the previous year. The Electrical and Mechanical segment saw a 41.6% rise in revenues, driven by growth in the data center submarket, while the Transmission and Distribution segment experienced a 2.7% revenue increase. The company’s strategic focus on efficient project execution and favorable market conditions contributed to these positive results.
The company’s management expressed optimism about future prospects, citing strong demand drivers and a competitive position in the market. Everus plans to leverage its diversified operations and customer relationships to sustain its growth trajectory, with several large projects in the pipeline expected to scale up as they progress.
Looking ahead, Everus Construction Group remains focused on capitalizing on favorable market conditions and maintaining its growth momentum. The company expects to achieve revenues between $3.3 billion and $3.4 billion and EBITDA between $240 million and $255 million for the full year 2025, demonstrating a positive outlook for continued financial performance.