| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 986.82 | 7.1% | 29.7% |
| Total Income | 986.82 | 7.1% | 29.7% |
| Expenditure | 914.44 | 7.7% | 29.3% |
| PBT | 72.05 | 3.5% | 38.7% |
| Net Profit | 56.98 | 7.8% | 36.4% |
| OPM | 7.33% | 0.53pp | 0.28pp |
| NPM | 5.77% | 0.04pp | 0.29pp |
| EPS | 1.12 | 7.7% | 36.6% |
Everus Construction Group Reports Q3 2025 Revenue Up 29.7%
04 May 2026 · 4 May, 8:09 am
Summary
Everus Construction Group reported strong financial results for the third quarter of 2025, with record revenue and EBITDA. Revenues increased by 29.7% to $986.8 million, and net income rose by 36.4% to $57.0 million. The company's backlog reached $2.95 billion. Due to the strong performance, Everus raised its full-year 2025 revenue guidance to $3.55 billion - $3.65 billion and EBITDA guidance to $290 million - $300 million.
Key Highlights
- 1
Everus Construction Group reported revenues of $986.8 million for the third quarter of 2025, an increase of 29.7% compared to the prior-year period.
- 2
Net income for Q3 2025 reached $57.0 million, up 36.4% from the same period last year, resulting in a net income margin of 5.8%.
- 3
Diluted earnings per share (EPS) for the third quarter of 2025 increased by 35.4% to $1.11.
- 4
EBITDA for Q3 2025 was $89.0 million, a 36.9% increase, with an EBITDA margin of 9.0%.
- 5
Backlog as of September 30, 2025, stood at $2.95 billion, reflecting a 6.0% increase from December 31, 2024.
- 6
The company raised its full-year 2025 revenue guidance to a range of $3.55 billion to $3.65 billion.
- 7
The company raised its full-year 2025 EBITDA guidance to a range of $290 million to $300 million.
Management Comments
Jeffrey S. Thiede
We maintained strong business momentum through the third quarter, delivering record revenue and EBITDA driven by excellent project execution and robust opportunities across our core end markets,” said Jeffrey S. Thiede, president and CEO of Everus. “Revenues increased 30%, with margin expansion in both our E&M and T&D segments, resulting in 37% EBITDA growth. Our E&M segment increased revenue by 43% and EBITDA by 64%, supported by continued strength in the data center submarket. “Backlog at Sept. 30 rose 2% year over year while we continued to deliver impressive revenue growth during the quarter. Bidding activity remains healthy, particularly across our commercial, industrial and utility markets, and we are confident in our ability to continue to win projects through our competitive advantages, longstanding customer relationships and favorable market tailwinds. “Our solid financial position, with net leverage of 0.5 times and nearly $340 million of available liquidity, reflects our disciplined financial strategy and strong operational results. We have ample financial flexibility for organic growth initiatives and strategic acquisitions that support our long-term growth objectives. “Thanks to the continued hard work and determination of our team members across the country who are safely Building America’s Future, and with our elevated backlog and sustained business momentum, we expect a strong close to the year. We are raising our 2025 guidance and now expect revenues in the range of $3.55 billion to $3.65 billion and EBITDA of $290 million to $300 million. We are excited about the opportunities ahead and expect ongoing momentum into 2026 as we continue to execute on our 4EVER strategic priorities, with a focus on providing long-term value to our shareholders.”
Informational and educational content only. Not investment advice.