Everus Construction Group, Inc. (ECG) stock is surging 23.35% in pre-market trading on Wednesday, following the release of its impressive second-quarter financial results and an upward revision of the company's full-year guidance. This dramatic rise comes after the stock had already gained 14.62% in after-hours trading on Tuesday, indicating strong investor enthusiasm for the company's performance and outlook.

The construction giant reported stellar Q2 2025 performance, with revenues reaching $921.5 million, marking a 31% increase compared to the same period last year. Net income saw an even more substantial rise of 35.4%, totaling $52.8 million, while earnings per share jumped 35.5% to $1.03. These results significantly outperformed analyst expectations, with EPS beating estimates by 66.13% and sales surpassing projections by 23.01%. The company's EBITDA also showed robust growth, increasing by 35.6% to $84.2 million.

Investors were particularly encouraged by Everus's raised outlook for 2025. The company now expects full-year revenues to range between $3.3 billion and $3.4 billion, up from its previous guidance of $3.00 billion to $3.10 billion. EBITDA is projected to be between $240 million and $255 million. This positive guidance, coupled with a reported backlog of $3.0 billion (up 23.9% from the previous year), signals strong future growth potential. The company attributes its strong performance to continued end-market momentum, excellent project execution, and long-term customer relationships. The market's enthusiastic response to these results and projections is clearly reflected in the significant pre-market stock price appreciation.