Everus Construction Group, Inc. (ECG) stock surged 14.74% in pre-market trading on Wednesday, following the release of its impressive first-quarter 2025 financial results. The company reported quarterly earnings per share of $0.72, significantly outperforming analysts' expectations of $0.43 per share.
The construction firm's strong performance was underpinned by robust revenue growth, with Q1 sales reaching $826.6 million, up from $625.6 million in the same quarter last year. Everus also reported a substantial increase in its backlog, which stood at $3.1 billion as of March 31, representing a 10% sequential increase and a 41% year-over-year growth.
Adding to investor optimism, Everus Construction Group reaffirmed its full-year 2025 guidance, projecting revenues between $3 billion and $3.1 billion. This positive outlook, combined with the company's strong quarterly results, has fueled confidence in Everus's growth trajectory and operational efficiency, driving the significant pre-market stock price increase.
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