Everus Construction Group, Inc. shares surged 10.16% in after-hours trading on Tuesday, following the release of second-quarter results that significantly exceeded analyst expectations and an upward revision to its full-year revenue outlook.
The company reported quarterly earnings of $1.64 per share, smashing the consensus estimate of $1.16 per share by over 41%. Revenue for the quarter came in at $1.23 billion, comfortably above the $1.077 billion forecast, representing a 33.5% increase over the same period last year. Additionally, Everus lifted its fiscal year 2026 revenue guidance to a range of $4.5 to $4.7 billion, well ahead of the $4.375 billion analysts had projected.
Investors reacted swiftly to the strong operational performance and optimistic forward-looking statements, driving the stock higher in extended trading. The results underscore robust demand for the company's construction services and an improved profitability outlook.