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Investing.com - Stifel maintained its Buy rating and $83.00 price target on Everus (NYSE:ECG), currently trading at $83.48 with a market capitalization of $3.87 billion, following the company’s second-quarter 2025 financial results that exceeded analyst expectations. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
Everus reported Q2 revenue of $921 million, significantly above the consensus estimate of $739 million, representing 31% year-over-year growth. The company’s Engineering & Management (E&M) segment grew 42%, driven by strength in data center work, while its Transmission & Distribution (T&D) segment increased by 3%.
EBITDA for the quarter reached $84 million versus the expected $53 million, with EBITDA margin of 9.1% showing improvement compared to the prior year despite facing dis-synergy headwinds. Total backlog grew 24% year-over-year, with both E&M and T&D segments showing strong backlog increases of 24% and 21% respectively.
New awards decreased 10% year-over-year overall, with E&M declining 20% while T&D increased 23%. Management expressed confidence in "continued backlog growth" in their release.
Everus raised its full-year 2025 guidance across revenue, EBITDA, and net income, though Stifel noted the updated guidance implies an EBITDA margin of approximately 6.3% for the second half of 2025, a notable decrease from the 8.4% achieved in the first half.
In other recent news, Everus Construction Group reported second-quarter earnings that significantly surpassed analyst expectations, prompting the company to raise its full-year guidance. The construction services provider announced adjusted earnings per share of $1.03, which exceeded the analyst consensus of $0.64 by 61%. Revenue for the quarter reached $921.5 million, marking a 31% increase from the $703.3 million reported in the same period last year. This impressive performance was largely driven by a 41.6% revenue boost in the company’s Electrical and Mechanical segment, especially within the data center submarket. These results highlight the company’s strong project execution and ongoing momentum in its end markets.
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