Everus Construction Group Inc. reports third quarter revenue of $986.8 million and net income of $57.0 million
Reuters
Nov 05
Everus Construction Group Inc. reports third quarter revenue of $986.8 million and net income of $57.0 million
Everus Construction Group Inc. reported third quarter 2025 revenues of $986.8 million, an increase of 29.7% compared to the same period last year. Net income rose 36.4% to $57.0 million, with a net income margin of 5.8%. Diluted earnings per share reached $1.11, up 35.4%. EBITDA was $89.0 million, marking a 36.9% increase, with an EBITDA margin of 9.0%. The company's backlog stood at $2.95 billion, up 6.0% from December 31, 2024, and 2.1% higher than September 30, 2024. Everus raised its full-year 2025 guidance, now expecting revenues between $3.55 billion and $3.65 billion and EBITDA between $290 million and $300 million. The E&M segment reported a 43% revenue increase and a 64% rise in EBITDA, supported by continued strength in the data center submarket. Gross capital expenditures for 2025 are projected to be between $65 million and $70 million.
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