Filing Flows › Everus Construction Group (ECG) › Q1 2025
Everus Construction Group (ECG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Everus Construction Group (ECG) reported revenue of $827M for the first quarter 2025 (Q1 2025), +32% from a year earlier and +9% from the quarter before. Operating margin was 6.2%, net earnings $36.7M (4.4% of revenue).
Everus Construction Group, Q1 2025: revenue $827M (+32% year over year), operating margin 6.2%, net earnings $36.7M, operating cash flow $7.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $827M | +9% | +32% |
| Gross profit | $92.5M | +7% | +24% |
| Operating profit | $51.0M | +11% | +31% |
| Net earnings | $36.7M | +6% | +30% |
| Operating cash flow | $7.1M | -91% | -67% |
What changed
Revenue was $826.6M in Q1 2025, up 32% year over year and up 9% from the previous quarter. Electrical & Mechanical was the largest line at 78% of revenue. Electrical & Mechanical added $204.6M year over year (up 47%), 102% of the total change. Transmission & Distribution declined 2%.
Gross margin was 11.2%, down 0.8 points from a year earlier. Operating profit was $51.0M, a 6.2% margin (unchanged year over year). Of the extra revenue versus a year earlier, 6% reached operating profit, below the 6% margin then. Operating expenses grew 16% against revenue growth of 32%. Net earnings were $36.7M, up 30% year over year. The effective tax rate was 27.0%.
Operating cash flow was $7.1M (down 67% year over year), 19% of net earnings. Non-cash charges added back $6.9M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $38.2M. Capital expenditures of $18.5M exceeded it, leaving free cash flow of −$11.4M.
Questions
What was Everus Construction Group's revenue in the first quarter 2025?
Everus Construction Group (ECG) reported revenue of $827M for the first quarter 2025 (Q1 2025), +32% from a year earlier and +9% from the quarter before.
Was Everus Construction Group profitable in the first quarter 2025?
Operating profit was $51.0M (6.2% of revenue) and net earnings $36.7M.