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BISMARCK, N.D. - Everus Construction Group (NYSE:ECG) shares surged 10.8% after the company reported second quarter earnings that significantly exceeded analyst expectations and raised its full-year guidance, driven by strong project execution and continued end-market momentum.
The construction services provider reported second quarter adjusted earnings per share of $1.03, crushing the analyst consensus of $0.64 by 61%. Revenue climbed to $921.5 million, representing a 31% increase YoY from $703.3 million in the same quarter last year. The company’s performance was bolstered by a 41.6% revenue increase in its Electrical and Mechanical segment, particularly in the data center submarket.
"We are extremely proud of our strong second quarter results, which benefited from continued end-market momentum, excellent project execution and our long-term customer relationships," said Jeffrey S. Thiede, president and CEO of Everus.
Following the strong performance, Everus raised its full-year 2025 guidance, now expecting revenue between $3.3 billion and $3.4 billion, up from its previous forecast of $3.0-3.1 billion and above the analyst consensus of $3.1 billion. The company also increased its EBITDA guidance to $240-255 million.
The company reported a backlog of $3.0 billion, up 7.1% from December 31, 2024, and up 23.9% from June 30, 2024, indicating strong future revenue potential. Gross profit margin improved to 13.0% from 12.6% in the prior-year period, while EBITDA increased 35.6% to $84.2 million.
Both of the company’s segments showed improvement, with the Electrical and Mechanical segment’s net income surging 61.4% to $47.3 million, while the Transmission and Distribution segment’s net income rose 20.3% to $17.8 million compared to the same quarter last year.
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