Everus Q1 revenue rises 32.1% to $826.6 million; 2025 guidance affirmed
Everus Construction Group reported first quarter 2025 revenue of $826.6 million, up 32.1%, and net income of $36.7 million, up 30.1%, with diluted EPS of 72 cents versus 55 cents a year earlier. The company affirmed its full-year 2025 guidance, which calls for revenue of $3.0 billion to $3.1 billion and EBITDA of $210 million to $225 million. Operating cash flow fell to $7.1 million and free cash flow was negative $8.1 million, which shareholders may watch alongside the profit growth.
- Revenue $826.6 million vs. $625.7 million; electrical and mechanical revenue up 47.0% to $648.2 million
- Net income $36.7 million vs. $28.2 million; diluted EPS 72 cents vs. 55 cents
- Backlog $3.1 billion at March 31, 2025, up 10.0% from Dec. 31, 2024
- Operating cash flow $7.1 million vs. $21.8 million; capital expenditures $18.5 million