NEW YORK, April 10, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Everus Construction Group, Inc. (NYSE: ECG).Shareholders who purchased shares of ECG during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/everus-construction-group-inc-loss-submission-form/?id=141956&from=4CLASS PE ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Everus To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $75,000 in Everus between October 31, 2024 and February 11, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, April 09, 2025 (GLOBE ...

Core Viewpoint - A securities class action lawsuit has been filed against Everus Construction Group, Inc. for allegedly misleading investors regarding the company's business operations and revenue recognition during a specific class period [1][2]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Southern District of New York on behalf of all individuals or entities that purchased Everus Construction securities between October 31, 2024, and February 11, 2025 [1]. - The complaint alleges that Everus Construction's backlog conversion cycle has become elongated due to larger, more complex projects, leading to delayed revenue recognition [2]. - The lawsuit claims that the defendants' positive statements about Everus Construction's business and prospects were materially misleading and lacked a reasonable basis [2]. Group 2: Investor Information - Investors who acquired shares of Everus Construction are encouraged to contact the law firm before the lead plaintiff motion deadline of June 3, 2025 [3]. - A lead plaintiff will act on behalf of other class members in directing the litigation [3].

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Everus Construction Group, Inc. common stock during the specified Class Period, alleging misleading statements and failure to disclose critical information regarding the company's operations and revenue recognition [1][5]. Group 1: Lawsuit Details - The class action lawsuit targets investors who purchased Everus Construction common stock between October 31, 2024, and February 11, 2025, including those who held MDU Resources common stock and acquired Everus shares during the spinoff [1][2]. - The lawsuit claims that Everus Construction's backlog conversion cycle was elongated due to larger, more complex projects, leading to delayed revenue recognition and materially misleading positive statements about the company's business and prospects [5]. Group 2: Participation Information - Investors wishing to join the class action can do so without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by visiting the provided link or contacting the law firm directly for more information [3][6]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions of dollars for investors over the years [4].

NEW YORK, April 07, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Everus Construction Group, Inc. (“Everus” or “the Company”) (NYSE: ECG) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired ...

Core Viewpoint - A class action lawsuit has been filed against Everus Construction Group, Inc. on behalf of investors who purchased its common stock during the specified Class Period, alleging misleading statements regarding the company's business operations and revenue recognition [1][5]. Group 1: Lawsuit Details - The lawsuit covers purchasers of Everus Construction common stock between October 31, 2024, and February 11, 2025, including those who held MDU Resources common stock and acquired Everus shares during its spinoff [1]. - Allegations include that Everus Construction's backlog conversion cycle has elongated due to larger, more complex projects, leading to delayed revenue recognition and materially misleading positive statements about the company's prospects [5]. Group 2: Participation Information - Investors who purchased Everus Construction stock during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by visiting the provided link or contacting the law firm directly [3][6]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and recognition in the field [4]. - The firm has recovered hundreds of millions of dollars for investors, with notable achievements in 2019 and 2020 [4].

Group 1 - A class action has been filed on behalf of investors who purchased Everus Construction Group, Inc. common stock between October 31, 2024, and February 11, 2025, including those who held MDU Resources Group, Inc. common stock as of October 21, 2024, and acquired Everus stock during its spinoff [1] - Allegations against Everus include misleading investors about the backlog conversion cycle, which became elongated due to larger, more complex projects, leading to delayed revenue recognition [2] - Following the release of Everus's fourth quarter and full year 2024 financial results on February 11, 2025, the company's stock price fell by $18.88, or 27.6%, closing at $49.54 per share on February 13, 2025 [2] Group 2 - Shareholders interested in serving as lead plaintiff in the class action against Everus should contact Robbins LLP, although participation is not required to be eligible for recovery [3] - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [4] - The firm has been dedicated to helping shareholders recover losses and improve corporate governance since 2002 [4]

Group 1 - A class action has been filed against Everus Construction Group, Inc. on behalf of investors who purchased its common stock between October 31, 2024, and February 11, 2025 [1] - The allegations state that Everus misled investors regarding its backlog conversion cycle, which became elongated due to larger and more complex projects, leading to delayed revenue recognition [2] - Following the release of its fourth quarter and full year 2024 financial results on February 11, 2025, Everus' stock price dropped by $18.88, or 27.6%, closing at $49.54 per share on February 13, 2025 [2] Group 2 - Shareholders interested in participating in the class action can contact Robbins LLP, with the option to serve as lead plaintiff or remain an absent class member [3] - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [4] - The firm has been dedicated to helping shareholders recover losses and improve corporate governance since 2002 [4]

Financial Performance - In 2024, the Electrical & Mechanical (E&M) segment generated approximately 71% of total contract revenues with an operating income of 6.7% of segment contract revenues, while the Transmission & Distribution (T&D) segment accounted for 29% of total contract revenues with an operating income of 10.2%[39]. - In 2024, the company served approximately 3,900 customers across more than 43,000 projects, with total operating revenues of $2.85 billion, where the top 10 customers contributed about 33% of revenues[47]. - Fixed-price contracts accounted for approximately 59% of total 2024 contract revenues, while cost-reimbursable contracts made up about 34%[59]. - As of December 31, 2024, the company had approximately $2.05 billion in original face amount of bonds outstanding for projects, with $1.75 billion for E&M and $296.3 million for T&D[67]. - As of December 31, 2024, the company had $300.0 million outstanding under the Term Loan with an interest rate of 6.84%[365]. Company Structure and Operations - The company operates through two reportable segments: E&M and T&D, with a total of 15 wholly-owned operating companies[32]. - Everus Construction was spun off from MDU Resources on October 31, 2024, becoming an independent publicly traded company listed on the New York Stock Exchange under the ticker symbol "ECG"[31]. - The company has expanded its capabilities significantly since its establishment in 1997 through targeted entry into new geographies and over 25 acquisitions[32]. - Approximately 83% of the company's employees were represented by labor unions as of December 31, 2024, providing flexibility to scale workforce according to project needs[76]. Market and Industry Trends - The U.S. construction services industry is highly fragmented, with competition influenced by technical expertise, service pricing, and operational resources[41]. - The T&D services industry is expected to grow due to factors such as grid modernization, additional renewable power sources, and increased government support for infrastructure[46]. - Regulatory initiatives supporting renewable energy and infrastructure investment are expected to drive long-term demand for the company's services[71]. - The hospitality industry has seen growth due to increased domestic travel and higher disposable incomes, renewing demand for hospitality construction[48]. Risk Factors - Supply chain interruptions have become common, leading to longer lead times for certain components, which may result in project inefficiencies[53]. - The T&D segment's operations can be affected by seasonal weather conditions, impacting revenue and profitability[55]. - The company is exposed to fluctuations in commodity prices, which can increase transportation and construction costs due to higher fuel or material prices[366]. - Labor costs may also rise due to inflation and other economic factors, potentially impacting the company's financial results[367]. - The company is exposed to interest rate volatility related to its long-term debt obligations, which bear interest at variable rates[365]. - The company continues to monitor market risks, including interest rate changes and inflation, to mitigate potential impacts on its financial condition[367]. Employee and Corporate Culture - The company emphasizes a full-service project approach supported by experienced project managers and a skilled workforce, focusing on safety, quality, and operational excellence[35]. - Employee development and training are prioritized, focusing on a safety-first culture and ethical leadership[79]. - The company maintains a 401(k) plan with a matching contribution policy for eligible employees[78]. - The company emphasizes pay-for-performance in its compensation programs to align employee incentives with market practices and performance[77]. - The company has a code of conduct and ethics, known as the Leading With Integrity Guide, to ensure compliance with laws and ethical standards[80]. Recognition and Rankings - The company was ranked 9th on Engineering News-Record magazine's 2024 Top 600 Specialty Contractors list and 5th on Electrical Construction & Maintenance magazine's 2024 Top 50 Electrical Contractors list[32].

Group 1 - Kirby McInerney LLP is investigating potential claims against Everus Construction Group, Inc. regarding possible violations of federal securities laws and unlawful business practices [1] - Everus recently released its fourth quarter 2024 financial results, indicating that backlog conversion may be extended compared to historical patterns due to larger, more complex, and longer average project sizes [3] - Following the financial results announcement, Everus shares dropped by $12.43, or approximately 18%, from $68.42 to $55.99 per share [3] Group 2 - The investigation by Kirby McInerney LLP is aimed at shareholders who may have purchased or acquired Everus securities and are encouraged to contact the firm for more information [4] - Kirby McInerney LLP specializes in securities litigation and has achieved recoveries totaling billions of dollars for shareholders [6]