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Everus Construction Group, Inc. (ECG)
:ECG
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.43Last Year’s EPS
0.55Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: -36.33%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth and significant backlog increases, providing optimism for future prospects. However, these positives were tempered by flat EBITDA growth due to increased costs associated with becoming a standalone public company and higher capital expenditures impacting free cash flow. The outlook for 2025 remains positive, with favorable market trends expected to continue supporting growth.Company Guidance
During Everus Construction Group's fourth-quarter earnings call, the company provided guidance for 2025, projecting revenue to range between $3 billion and $3.1 billion and EBITDA between $210 million and $225 million. The call highlighted Everus's solid fourth-quarter performance, with a 20% increase in revenue, driven by a 21% growth in Electrical and Mechanical (E&M) revenues and a 15% rise in Transmission and Distribution (T&D) revenues. Despite the flat fourth-quarter EBITDA due to $6.3 million in public company stand-up costs, the company ended 2024 with a robust backlog of $2.8 billion, up 38% year-over-year, and a net leverage of 1.0 times, indicating significant financial flexibility. The management emphasized the impact of strong execution and disciplined financial management on their results and expressed optimism for continued growth supported by favorable market trends and strategic initiatives, including potential M&A activities.Strong Revenue Growth
Fourth quarter revenue increased by 20% driven by balanced growth across diversified end markets, including a 21% increase in Electrical and Mechanical (E&M) revenues and a 15% increase in Transmission and Distribution (T&D) revenues.
Significant Backlog Growth
Total backlog at the end of the fourth quarter was $2.8 billion, up 38% from the previous year, highlighting strong customer relationships and strategic market positioning.
Solid Financial Position
Ended the year with a net leverage of 1 times, below the long-term target, providing financial flexibility for strategic growth objectives.
Positive End Market Trends
Favorable demand drivers in key end markets, such as T&D and data centers, are expected to continue benefiting the business into 2025.
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ECG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ECG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | $68.42 | $55.99 | -18.17% |
| Nov 06, 2024 | $54.61 | $62.10 | +13.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Everus Construction Group, Inc. (ECG) report earnings?
Everus Construction Group, Inc. (ECG) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Everus Construction Group, Inc. (ECG) earnings time?
Everus Construction Group, Inc. (ECG) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ECG EPS forecast?
ECG EPS forecast for the fiscal quarter 2025 (Q1) is 0.43.
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