Everus Construction Group Inc. $(ECG)$ reported its financial results for the first quarter of 2025, indicating substantial growth in several key areas. The company recorded revenues of $826.6 million, marking a 32.1% increase compared to the same period last year. Net income rose by 30.1% to $36.7 million, resulting in a net income margin of 4.4%. Additionally, diluted earnings per share increased by 30.9%, reaching 72 cents. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at $61.8 million, up 31.8%, with an EBITDA margin of 7.5%. Everus also reported a significant increase in their backlog, which reached $3.1 billion, up 10% from December 31, 2024, and a notable 40.5% increase compared to March 31, 2024. In terms of business operations, Everus highlighted robust opportunities across various end markets, particularly in the electrical and mechanical segment, which saw a 47% increase in revenues. This growth was primarily driven by demand in data center work. The transmission and distribution segment also performed well, contributing to the company's overall strong results. Everus affirmed its full-year guidance for 2025, indicating confidence in continued growth and project execution capabilities.
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