Kirby McInerney LLP Reminds Everus Construction Group, Inc. (ECG) Investors of Class Action Filing and Encourages Investors to Contact the Firm

Core Viewpoint - A class action lawsuit has been filed against Everus Construction Group, Inc. for securities fraud, affecting investors who purchased the company's securities during the specified class period [3][6]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Everus securities from October 31, 2024, through February 11, 2025, with a deadline of June 3, 2025, for investors to apply as lead plaintiffs [3]. - The complaint alleges that the company failed to disclose that its backlog conversion cycle had become elongated due to larger and more complex projects, leading to delayed revenue recognition [6]. Group 2: Company Background - Everus Construction, previously known as MDU Construction Services Group, Inc., began trading on the NYSE on October 31, 2024, following a spinoff from CEHI, LLC, which is a subsidiary of MDU Resources [4]. Group 3: Financial Performance - On February 11, 2025, Everus reported its fourth quarter and full year 2024 financial results, projecting revenue between $3.0 billion and$3.1 billion and EBITDA between $210 million and$225 million for 2025 [5]. - Following the financial results announcement, Everus shares dropped by $12.43, approximately 18$68.42 to $55.99 per share [5].