earnings
confidence high
sentiment positive
materiality 0.75
Everus Q3 EPS $0.82 (+15.5%), revenue +6.1% to $761M, backlog record $2.88B
Everus Construction Group, Inc.
2024-Q3 EPS reported
$2.14
revenue$2,090,047,000
- Revenue $761.0M (+6.1%), net income $41.8M (+16.1%), EPS $0.82 (+15.5%).
- EBITDA $65.0M (+12.1%), margin 8.5% (+40 bps); reiterated FY guidance rev $2.65B-$2.85B.
- Backlog $2.88B (+43.5% vs year-end); growth driven by data center work in E&M segment.
- E&M segment rev $536.9M, net income $29.4M; T&D rev $228.5M, net income $18.5M.
- Completed tax-free spinoff from MDU Resources on Oct. 31; entered $525M credit facility.