Everus separation from MDU effective Oct 31; investor day held; FY24 guidance reiterated

MDU RESOURCES GROUP INC

Separation of Everus Construction Group expected at 11:59 p.m. EDT on October 31, 2024.
Everus held analyst and investor day at NYSE on October 17; presented 4EVER strategic framework.
FY2024 guidance reiterated: revenue $2.65B-$2.85B; EBITDA $220M-$240M; margins above 2023.
Everus will be a standalone public company following the spin-off from MDU Resources.

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