secwatch.observer — SEC 8-K summary
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Issuer:     Everus Construction Group, Inc. (ECG)
CIK:        0002015845
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0002015845-24-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Everus Q3 EPS $0.82 (+15.5%), revenue +6.1% to $761M, backlog record $2.88B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2015845/000201584524000016/0002015845-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2015845/000201584524000016/ecg-20241106.htm
  HTML page:      https://secwatch.observer/filing/0002015845-24-000016

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