Record Quarterly Revenue
Everus Construction Group reported a record quarterly revenue of $986.8 million, marking a 30% increase from the prior year period, driven by strong growth in the Electrical and Mechanical segment.
EBITDA Growth and Margin Expansion
Third quarter EBITDA increased by 37% from the prior year period, with an EBITDA margin up 50 basis points to 9%.
Strong Backlog and Project Pipeline
Total backlog at the end of the third quarter reached $2.95 billion, up 2% from the previous year, indicating a healthy pipeline of opportunities across key markets.
Increased Guidance for 2025
Everus raised its 2025 revenue guidance to $3.55 billion to $3.65 billion and EBITDA guidance to $290 million to $300 million, reflecting strong business momentum.
Data Center Segment Performance
The data center submarket continues to show strong demand with no signs of weakening and is a key driver of revenue growth in the E&M segment.
Successful Talent Acquisition and Retention
Focus on attracting and retaining key talent, with investments in training programs and competitive compensation, supports strong top-line results.