Everus Construction Group Earnings Call Transcripts
Fiscal Year 2025
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Delivered record 2025 results with 32% revenue growth and strong execution across E&M and T&D segments. Entering 2026 with a $3.2B backlog, guidance calls for 11% revenue growth and continued margin strength, supported by robust end-market demand and disciplined capital allocation.
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Q3 2025 saw record revenue and EBITDA, driven by strong E&M and data center demand, with backlog and cash flow supporting raised full-year guidance. Margin expansion and disciplined project selection position the company for continued growth into 2026.
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Q2 2025 revenue grew 31% and EBITDA rose 36% year-over-year, driven by strong E&M and T&D segment performance. Backlog reached $3 billion, and 2025 guidance was raised for both revenue and EBITDA. Margins and cash flow remain solid, with continued investment in growth and efficiency.
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Q1 2025 saw 32% revenue and EBITDA growth, with strong E&M segment performance and a record $3.1B backlog. Guidance for 2025 is reaffirmed, supported by robust demand in data center, hospitality, and high-tech markets, despite macro and tariff uncertainties.
Fiscal Year 2024
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Fourth quarter revenue grew 19.5% year-over-year, with strong backlog up 38% and EBITDA margin at 7.7%. 2025 guidance calls for $3.0–$3.1 billion in revenue and $210–$225 million in EBITDA, supported by robust end-market demand and disciplined execution.
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Q3 2024 saw 6% revenue growth, 12% EBITDA growth, and a record $2.9B backlog, driven by strong E&M and T&D performance. Guidance for 2024 is reaffirmed, with robust long-term growth targets and disciplined capital allocation following the recent spinoff.
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The company is set to spin off as a standalone public entity, targeting 5–7% organic revenue and 7–9% EBITDA growth, supported by a record $2.4B backlog and a capital-light, diversified business model. Strategic M&A, operational excellence, and megatrend exposure in data centers and grid modernization underpin long-term value creation.