Shares of Everus Construction Group, Inc. (ECG) have been strong performers lately, with the stock up 38.8% over the past month. The stock hit a new 52-week high of $137.64 in the previous session. Everus Construction Group, Inc. has gained 52.1% since the start of the year compared to the 14.7% gain for the Zacks Construction sector and the 7.9% return for the Zacks Building Products - Miscellaneous industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprise ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ______________ Commission file number 001-42276 Everus Construction Group, Inc. (Exact name of Registrant as specified in its charter) Delaware 99-1952207 (S ...

Everus Construction (NYSE:ECG) Q4 2025 Earnings call February 25, 2026 10:30 AM ET Company ParticipantsBrian Brophy - Managing DirectorIan Zaffino - Managing DirectorJeff Thiede - CEOManish Somaiya - Managing DirectorMax Marcy - CFOPaul Bartolai - Head of Investor RelationsConference Call ParticipantsBrent Thielman - Managing Director and Senior Research AnalystJoseph Osha - Managing Director and Senior Research AnalystOperatorHello, thank you for standing by. My name is Regina, I will be your conference op ...

Financial Data and Key Metrics Changes - Fourth quarter revenues exceeded $1 billion for the first time, up 33% from the prior year period, driven by growth in both E&M and T&D segments [6][16] - Full-year revenues increased 32% to $3.75 billion, primarily from the E&M business, with EBITDA rising 52% to $320 million compared to 2024 [7][17] - Fourth quarter EBITDA margin was 8.4%, up 70 basis points from 7.7% in the prior year period [16][17] Business Line Data and Key Metrics Changes - E&M segment revenues increased 44% to $791.6 million in the fourth quarter, with EBITDA rising 57% to $67.1 million [18][19] - T&D segment revenues were $227.7 million, up 6.8% from the previous year, but EBITDA was flat at $30.5 million due to project mix and higher SG&A expenses [19][20] Market Data and Key Metrics Changes - The backlog at the end of 2025 was $3.2 billion, up 16% from the same period last year, with T&D backlog increasing by 41% and E&M backlog by 13% [8][18] - The company sees robust project pipelines across diverse markets, including data centers, hospitality, and semiconductor sectors [9][18] Company Strategy and Development Direction - The company focuses on its "Forever Strategy," which emphasizes employee retention, customer value creation, and operational excellence [10][12] - Plans for geographic expansion through satellite projects are in place, with a recent entry into a new market supporting a large semiconductor company [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth due to favorable market trends and a strong backlog entering 2026 [24] - The company anticipates revenue guidance for 2026 in the range of $4.1 billion to $4.2 billion, reflecting strong demand drivers [23][24] Other Important Information - The company ended 2025 with approximately 9,400 employees, up from 8,700 at the end of 2024, indicating a focus on workforce expansion [11] - Capital expenditures increased to $66.8 million in 2025, up from $43.8 million in 2024, to support growth initiatives [22] Q&A Session Summary Question: Guidance and Margins - Inquiry about whether exceptional execution in 2025 would be repeatable in 2026 and if management is being conservative in their guidance [27] - Management confirmed that exceptional margin upside was due to diversified contributions from various markets and expressed confidence in achieving forecasted margins for 2026 [28][29] Question: Leverage and Free Cash Flow - Questions regarding the company's low leverage and thoughts on optimal leverage levels, as well as free cash flow conversion going forward [30] - Management emphasized the importance of a strong balance sheet for organic growth and M&A opportunities, indicating a target leverage of 1.5-2 times [32] Question: Capacity Constraints and Backlog - Inquiry about potential capacity constraints given the record backlog and lead times for projects [37] - Management reassured that they have sufficient skilled labor to complete projects and that 80% of the backlog typically burns off within 12 months [39][41] Question: Satellite Operations and Expansion - Questions about opportunities for satellite expansions in 2026 and specific geographies of interest [47] - Management indicated a selective approach to satellite operations and mentioned potential opportunities in the South and Southeast [49] Question: Labor Costs and M&A Strategy - Inquiry about labor cost management and the company's approach to M&A in the current market [58][60] - Management stated that they are successfully incorporating labor cost increases into pricing and are open to both larger and smaller M&A transactions [61][63]

Everus Construction (NYSE:ECG) Q4 2025 Earnings call February 25, 2026 10:30 AM ET Speaker7Hello, thank you for standing by. My name is Regina, I will be your conference operator today. At this time, I would like to welcome everyone to the Everest Group, Ltd. Fourth Quarter 2025 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply pre ...

The above list of factors is not exhaustive or necessarily in order of importance. For additional information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, see the discussion under "Part I, Item IA. Risk Factors" in the company's most recent Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission. You should read this presentation completely and with the understanding that actual future results m ...

Core Viewpoint - Everus Construction Group, Inc. (ECG) reported strong quarterly earnings, significantly exceeding expectations and showing substantial year-over-year growth in both earnings and revenues [1][2]. Financial Performance - ECG's quarterly earnings were $1.08 per share, surpassing the Zacks Consensus Estimate of $0.72 per share, and up from $0.67 per share a year ago, representing an earnings surprise of +51.05% [1] - The company posted revenues of $1.01 billion for the quarter ended December 2025, exceeding the Zacks Consensus Estimate by 20.45%, compared to $759.64 million in the same quarter last year [2]. Stock Performance - ECG shares have increased approximately 24% since the beginning of the year, while the S&P 500 has seen a slight decline of 0.1% [3]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]. Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.70 on revenues of $889.31 million, and for the current fiscal year, it is $3.79 on revenues of $3.84 billion [7]. - The outlook for the industry, particularly the Building Products - Miscellaneous sector, is currently in the bottom 31% of Zacks industries, which may impact ECG's stock performance [8].

Exhibit 99.1 Everus Reports Fourth Quarter and Full-Year 2025 Results, Initiates Guidance for 2026 BISMARCK, N.D. — Feb. 24, 2026 — Everus Construction Group (NYSE: ECG) today reported financial results for the fourth quarter and full-year 2025. Fourth Quarter 2025 Summary (all comparisons versus the prior-year period unless otherwise noted, and results denoted with * are quarterly records) Full-Year 2025 Summary (all comparisons versus the prior year unless otherwise noted, and results denoted with * are f ...

Wasatch Advisors disclosed a new stake in Everus Construction Group (NYSE:ECG) in its February 12, 2026, SEC filing, acquiring 2,160,337 shares worth $184.84 million. What happened According to a Securities and Exchange Commission (SEC) filing dated February 12, 2026, Wasatch Advisors established a new position in Everus Construction Group (NYSE:ECG), acquiring 2,160,337 shares. The quarter-end value of the stake totaled $184.84 million, reflecting both the purchase and stock price shifts during the peri ...

Core Insights - Everus Construction Group (ECG) operates as a mid-cap proxy for construction services in the US, previously part of MDU Resources Group, Inc. [1] Company Overview - ECG is positioned within the construction services sector, indicating its relevance in the mid-cap market segment [1]. Historical Context - The company has transitioned from being part of MDU Resources Group, which specialized in energy delivery, highlighting its evolution and current focus [1].