NYSE$ECG
Everus Construction Group Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported strong financial results driven by revenue growth and strategic initiatives.
Everus Construction Group reported a strong third quarter with a 6.1% increase in revenues to $761.0 million and a 16.1% increase in net income to $41.8 million. The company's EBITDA increased by 12.1% to $65.0 million, and backlog reached a record $2.88 billion. The company reiterated its full-year guidance for revenue and EBITDA.
- Revenues increased by 6.1% to $761.0 million.
- Net income increased by 16.1% to $41.8 million, with a net income margin of 5.5%.
- EBITDA increased by 12.1% to $65.0 million, with an EBITDA margin of 8.5%.
- Backlog increased to $2.88 billion, a 43.5% increase from the prior year-end.
Headline financials
Revenue & EPS history
Everus Construction Group Inc · Revenue · Quarterly
$761M
Revenue by segment
Everus Construction Group Inc · $721M total across 2 segments · Q3 2023
- Electrical and Mechanical$517M—71.7%
- Transmission and Distribution$205M—28.3%
Forward guidance
Everus is reaffirming previously provided guidance for 2024, expecting revenue in the range of $2.65 billion to $2.85 billion and EBITDA in the range of $220 million to $240 million, with EBITDA margins expected to be higher than in 2023.
Tailwinds
- Normal operating conditions.
- Normal economic conditions.
- Continued availability of labor.
- Continued availability of necessary equipment.
- Continued availability of materials.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports
+8.1%
Avg return
Earnings day
+5.7%
Avg return
5 days after
+3.5%
Avg return
30 days after
88%
7 / 8 earnings
Positive
+25.3%
Q4 2025
Best reaction
-18.2%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.5% | -2.9% | -10.8% | |
| Q4 2025 | +25.3% | +14.5% | +12.6% | |
| Q3 2025 | +7.6% | +16.4% | +5.9% | |
| Q2 2025 | +4.2% | +0.5% | +3.8% | |
| Q1 2025 | +16.6% | +15.2% | +15.8% | |
| Q4 2024 | -18.2% | -29.6% | -44.4% | |
| Q3 2023 | +8.3% | +7.4% | +11.7% | |
| Q3 2024 | +20.6% | +24.0% | +33.2% | |
| Q4 2023 | — | — | — | |
| Q2 2023 | — | — | — |
Discussion
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