ECG ALERT: Kirby McInerney LLP Reminds Everus Construction Group, Inc. Investors of Looming Lead Plaintiff Deadline in Class Action Lawsuit

Core Viewpoint - A federal securities class action has been filed on behalf of investors in Everus Construction Group, Inc. due to undisclosed issues regarding the company's backlog conversion cycle and revenue recognition delays [1][5]. Company Overview - Everus Construction Group, Inc. was formerly known as MDU Construction Services Group, Inc. and operated as a wholly owned subsidiary of CEHI, LLC, which is a subsidiary of MDU Resources [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 [4]. - Following the financial results announcement, Everus shares fell by $12.43, approximately 18$68.42 to $55.99 [4]. Class Action Details - The class action is focused on the period from October 31, 2024, to February 11, 2025, and includes investors who held MDU Resources common stock as of October 21, 2024, and acquired Everus common stock during the spinoff [1]. - The complaint alleges that the company failed to disclose the elongation of its backlog conversion cycle and the resulting delays in revenue recognition [5].