earnings
confidence high
sentiment negative
materiality 0.80
Everus reports Q4 rev $759.7M (+19.5%), FY net inc $143.4M, backlog $2.8B (+38%), guides FY25 rev $3.0-3.1B
Everus Construction Group, Inc.
2024-FY EPS reported
$2.81
revenue$2,849,685,000
- Q4 revenues $759.7M (+19.5% YoY), net income $34.4M ($0.67 EPS); FY revenues $2.85B, net income $143.4M ($2.81 EPS).
- EBITDA Q4 $58.3M (margin 7.7%); FY EBITDA $232.2M (margin 8.1%).
- Backlog $2.8B at Dec 31, 2024, up 38.3% from $2.0B year-end 2023.
- FY 2025 guidance: revenue $3.0-3.1B, EBITDA $210-225M (midpoint implies decline from FY24).
- Net leverage 1.0x; spinoff from MDU completed Oct 31, 2024.