Shares of Everus Construction Group, Inc. (ECG) skyrocketed more than 21% during intraday trading, building on its pre-market gains following the release of its exceptional first-quarter 2025 financial results. The construction giant's performance significantly exceeded analyst expectations, sparking a wave of investor enthusiasm.

Everus reported quarterly earnings per share of $0.72, handily beating the consensus estimate of $0.43. The company's revenue surged to $826.6 million, marking a substantial increase from $625.6 million in the same quarter last year. Furthermore, Everus's backlog reached an impressive $3.1 billion as of March 31, representing a 10% sequential increase and a remarkable 41% year-over-year growth.

Adding to the positive sentiment, Everus Construction Group reaffirmed its full-year 2025 guidance, projecting revenues between $3 billion and $3.1 billion. This optimistic outlook, combined with the company's robust quarterly performance, has bolstered investor confidence in Everus's growth trajectory and operational efficiency. The construction sector's strong showing, as evidenced by Everus's results, may also signal broader economic resilience, further fueling the stock's dramatic rise.