Shares of Everus Construction Group, Inc. (NYSE: ECG) surged 5.95% in after-hours trading on Tuesday following the release of its first-quarter 2025 financial results, which significantly exceeded analyst expectations.
The construction firm reported quarterly earnings of $0.72 per share, handily beating the analyst consensus estimate of $0.43 by 67.44%. This represents a substantial 30.91% increase from earnings of $0.55 per share in the same period last year. Everus also posted impressive revenue growth, with quarterly sales reaching $826.63 million, surpassing the analyst consensus estimate of $676.35 million by 22.22%. The reported revenue marks a 32.11% increase compared to sales of $625.69 million in the same quarter of the previous year.
Everus Construction Group's strong performance was driven by robust opportunities across its diverse end markets and efficient project execution. The company's electrical and mechanical segment saw a remarkable 47% increase in revenues, with particularly strong growth in the data center market. Additionally, Everus reported a record backlog of $3.1 billion, up 10.0% from the end of 2024 and 40.5% year-over-year, indicating strong future growth potential. Given these positive results, Everus has affirmed its full-year guidance for 2025, expressing confidence in its continued growth trajectory and project execution capabilities.
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