Everus Construction Group (NYSE:ECG) today reported financial results for the quarter ended Sept. 30, 2024. Third Quarter 2024 Summary (all comparisons versus the prior-year period unless otherwise noted) Revenues of $761.0 million, +6.1%. Net income of $41.8 million, +16.1%; net income margin of 5.5%, +50 basis points. Earnings of 82 cents per share, +15.5%. Earnings before interest, taxes, depreciation and amortization (EBITDA) of $65.0 million, +12.1%; EBITDA margin of 8.5%, +40 basis points. Backlog of $2.88 billion, +43.5% from prior year-end. Reiterated 2024 full-year guidance. Completed spinoff from MDU Resources Group, Inc. on Oct. 31, 2024. Management Commentary "

Everus Construction Group (NYSE:ECG) will issue third quarter 2024 results after the stock market closes Nov. 6. Company leadership will host a webcast at 8:30 a.m. EST Nov. 7 to review financial results, discuss recent events and conduct a question-and-answer session. The webcast and accompanying presentation materials can be accessed under the "Events & Presentations" tab on investors.everus.com. The company recommends participants register for the event at least 15 minutes prior to start to allow time for ensuring audio compatibility. Participants also can listen to the webcast by phone: USA / International Toll: 646-307-1963 USA Toll-Free: 800-715-9871 Conference ID: 1034822 After t

Stifel initiated coverage of Everus with a rating of Buy and set a new price target of $71.00

DA Davidson initiated coverage of Everus with a rating of Neutral and set a new price target of $55.00

Everus Construction Group (NYSE:ECG) today reported financial results for the quarter ended Sept. 30, 2024. Third Quarter 2024 Summary (all comparisons versus the prior-year period unless otherwise noted) Revenues of $761.0 million, +6.1%. Net income of $41.8 million, +16.1%; net income margin of 5.5%, +50 basis points. Earnings of 82 cents per share, +15.5%. Earnings before interest, taxes, depreciation and amortization (EBITDA) of $65.0 million, +12.1%; EBITDA margin of 8.5%, +40 basis points. Backlog of $2.88 billion, +43.5% from prior year-end. Reiterated 2024 full-year guidance. Completed spinoff from MDU Resources Group, Inc. on Oct. 31, 2024. Management Commentary "