Everus Construction Group Promotes Key Executives
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 27 2024
0mins
Everus Construction Group Inc. has seen its stock price decline, hitting a 5-day low amid broader market gains, with the Nasdaq-100 up 0.39% and S&P 500 up 0.05%.
The company announced the promotion of Jason A. Behring to Chief Information Officer and Britney A. Hendricks to Chief Human Resources Officer. These changes reflect the company's commitment to enhancing its technological capabilities and improving employee satisfaction, which could positively impact future performance.
These executive promotions are part of Everus's strategy to strengthen its leadership team as it continues to focus on growth in the construction sector, particularly as it operates as a stand-alone publicly traded company.
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Analyst Views on ECG
Wall Street analysts forecast ECG stock price to fall
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 150.290
Low
97.00
Averages
102.00
High
107.00
Current: 150.290
Low
97.00
Averages
102.00
High
107.00
About ECG
Everus Construction Group, Inc. is a construction solutions provider offering specialty contracting services to a set of end markets across the United States. Its segments are Electrical & Mechanical (E&M) and Transmission & Distribution (T&D). Its E&M segment offers a variety of specialty contracting services, including construction and maintenance of electrical and communication wiring, fire suppression systems, and mechanical piping and services to customers in both the public and private sectors. Its T&D segment specializes in transmission and distribution construction and offers a set of specialty contracting services, including the construction and maintenance of overhead and underground electrical, gas and communication infrastructure. The T&D segment also designs, manufactures, sells and rents overhead and underground line-stringing equipment and tools. This segment also provides solutions for excavation and underground boring, substations, signals and lighting, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Everus Appoints New CIO and CHRO
- Executive Promotions: Everus Construction Group announced the promotion of Vice President of Technology Jason A. Behring to Chief Information Officer, reflecting the company's recognition of his contributions to IT system development, which is expected to enhance the company's technological capabilities.
- HR Leadership Change: Vice President of Human Resources Britney A. Hendricks has been promoted to Chief Human Resources Officer, highlighting the company's appreciation for her successful efforts in establishing the HR department, which may improve employee satisfaction and retention rates.
- Company Background: Everus Construction Group is a member of the S&P SmallCap 600® index, focusing on providing a full spectrum of construction services, including electrical, mechanical, and transmission and distribution specialty contracting services, which is expected to drive continued growth in the construction industry.
- Future Outlook: CEO Jeffrey S. Thiede emphasized that these promotions will aid the company in continuing its mission of 'Building America's Future' after becoming a stand-alone publicly traded company, indicating strong confidence in future developments.
See More
Everus Construction Group Reports Record Q1 2026 Earnings and Raises Guidance
- Record Revenue: Everus Construction Group reported Q1 2026 revenues of $1.04 billion, reflecting a strong performance as a stand-alone public company, which is expected to boost stock prices and enhance market confidence.
- Backlog at All-Time High: The company's backlog reached a record $3.7 billion at the end of Q1, up 20% year-over-year, indicating successful expansion into new markets and laying a solid foundation for future revenue growth.
- Stable EBITDA Performance: Q1 EBITDA was $88.9 million with an EBITDA margin of 8.6%, as management emphasized a strategy focused on stable margin improvement to mitigate risks from market volatility and ensure long-term financial health.
- Upward Revision of 2026 Outlook: Following strong Q1 results, Everus raised its 2026 revenue guidance to $4.3 billion to $4.4 billion and EBITDA expectations to $345 million to $360 million, demonstrating confidence in future growth and a positive market outlook.
See More
Everus Construction Group Reports Strong Q1 Earnings Exceeding Expectations
- Earnings Beat: Everus Construction Group reported a Q1 GAAP EPS of $1.14, surpassing expectations by $0.29, indicating robust profitability that boosts investor confidence.
- Significant Revenue Growth: The company achieved revenues of $1.04 billion in Q1, a 25.8% year-over-year increase, exceeding market expectations by $125.5 million, reflecting strong demand in the construction sector.
- Outstanding EBITDA Performance: Q1 EBITDA reached $88.9 million, up 43.9%, with an EBITDA margin of 8.6%, showcasing significant improvements in cost control and operational efficiency.
- Increased Backlog: As of March 31, 2025, Everus's backlog stood at $3.68 billion, a 14.0% increase from December 31, 2025, and a 20.4% rise from March 31, 2025, providing strong support for future revenue.
See More
Everus Construction Group Reports Strong Q1 2026 Financial Results
- Significant Revenue Growth: In Q1 2026, Everus Construction Group reported revenues of $1.04 billion, a 25.4% increase year-over-year, demonstrating strong performance in both Electrical & Mechanical (E&M) and Transmission & Distribution (T&D) markets, further solidifying its market position.
- Substantial Net Income Increase: The net income rose to $58.3 million, up 58.9%, with a net income margin of 5.6%, primarily driven by revenue growth and improved gross margins, reflecting the company's efficiency in project execution.
- Continued EBITDA Growth: EBITDA reached $88.9 million, a 43.9% increase, with an EBITDA margin of 8.6%, showcasing the company's success in cost control and operational efficiency, enhancing future profitability.
- Record Backlog: As of March 31, 2026, Everus's backlog hit $3.68 billion, a 20.4% year-over-year increase, indicating strong customer relationships and robust market demand, signaling potential revenue growth in the future.
See More
Wall Street's Latest Rating Upgrades Summary
- Equinix Upgrade: Raymond James upgraded Equinix from Market Perform to Strong Buy, citing a robust recovery driven by AI-based demand after last year's adjustments, indicating a strong market rebound potential for the company.
- SiteOne's Positive Outlook: Deutsche Bank upgraded SiteOne from Hold to Buy, anticipating a guidance beat with a price target of $160, implying a 32% upside, reflecting market recognition of its attractive low valuation.
- Mistras Initiation: Roth Capital initiated coverage on Mistras with a Buy rating and a $22 target, highlighting significant improvements in operational efficiency that have driven margin expansion and free cash flow conversion, showcasing strong growth potential.
- Nutrien Upgrade: Bank of America upgraded Nutrien from Neutral to Buy, viewing the agricultural market's outlook as increasingly bullish, positioning Nutrien as a best-in-class operator with sustained growth capabilities.
See More
Everus Construction Group to Release Q1 2026 Results
- Earnings Release Schedule: Everus Construction Group will issue its Q1 2026 results after market close on May 5, providing crucial financial data that reflects the company's operational status and aids investors in assessing market performance.
- Webcast Timing: Company leadership will host a webcast on May 6 at 10:30 a.m. EDT to review financial results and discuss recent events, enhancing interaction and transparency with investors.
- Participation Details: The webcast and accompanying materials will be available under the 'Events & Presentations' tab on the investor website, with participants advised to log in early to test audio compatibility for a smooth experience.
- Company Background: Everus Construction Group, a member of the S&P SmallCap 600® index, provides a full spectrum of construction services, including electrical, mechanical, and transmission and distribution contracting services across various industries, showcasing its diversified capabilities in the U.S. construction market.
See More
Everus Appoints New CIO and CHRO
- Executive Promotions: Everus Construction Group announced the promotion of Vice President of Technology Jason A. Behring to Chief Information Officer, reflecting the company's recognition of his contributions to IT system development, which is expected to enhance the company's technological capabilities.
- HR Leadership Change: Vice President of Human Resources Britney A. Hendricks has been promoted to Chief Human Resources Officer, highlighting the company's appreciation for her successful efforts in establishing the HR department, which may improve employee satisfaction and retention rates.
- Company Background: Everus Construction Group is a member of the S&P SmallCap 600® index, focusing on providing a full spectrum of construction services, including electrical, mechanical, and transmission and distribution specialty contracting services, which is expected to drive continued growth in the construction industry.
- Future Outlook: CEO Jeffrey S. Thiede emphasized that these promotions will aid the company in continuing its mission of 'Building America's Future' after becoming a stand-alone publicly traded company, indicating strong confidence in future developments.
See More
Everus Construction Group Reports Record Q1 2026 Earnings and Raises Guidance
- Record Revenue: Everus Construction Group reported Q1 2026 revenues of $1.04 billion, reflecting a strong performance as a stand-alone public company, which is expected to boost stock prices and enhance market confidence.
- Backlog at All-Time High: The company's backlog reached a record $3.7 billion at the end of Q1, up 20% year-over-year, indicating successful expansion into new markets and laying a solid foundation for future revenue growth.
- Stable EBITDA Performance: Q1 EBITDA was $88.9 million with an EBITDA margin of 8.6%, as management emphasized a strategy focused on stable margin improvement to mitigate risks from market volatility and ensure long-term financial health.
- Upward Revision of 2026 Outlook: Following strong Q1 results, Everus raised its 2026 revenue guidance to $4.3 billion to $4.4 billion and EBITDA expectations to $345 million to $360 million, demonstrating confidence in future growth and a positive market outlook.
See More
Everus Construction Group Reports Strong Q1 Earnings Exceeding Expectations
- Earnings Beat: Everus Construction Group reported a Q1 GAAP EPS of $1.14, surpassing expectations by $0.29, indicating robust profitability that boosts investor confidence.
- Significant Revenue Growth: The company achieved revenues of $1.04 billion in Q1, a 25.8% year-over-year increase, exceeding market expectations by $125.5 million, reflecting strong demand in the construction sector.
- Outstanding EBITDA Performance: Q1 EBITDA reached $88.9 million, up 43.9%, with an EBITDA margin of 8.6%, showcasing significant improvements in cost control and operational efficiency.
- Increased Backlog: As of March 31, 2025, Everus's backlog stood at $3.68 billion, a 14.0% increase from December 31, 2025, and a 20.4% rise from March 31, 2025, providing strong support for future revenue.
See More
Everus Construction Group Reports Strong Q1 2026 Financial Results
- Significant Revenue Growth: In Q1 2026, Everus Construction Group reported revenues of $1.04 billion, a 25.4% increase year-over-year, demonstrating strong performance in both Electrical & Mechanical (E&M) and Transmission & Distribution (T&D) markets, further solidifying its market position.
- Substantial Net Income Increase: The net income rose to $58.3 million, up 58.9%, with a net income margin of 5.6%, primarily driven by revenue growth and improved gross margins, reflecting the company's efficiency in project execution.
- Continued EBITDA Growth: EBITDA reached $88.9 million, a 43.9% increase, with an EBITDA margin of 8.6%, showcasing the company's success in cost control and operational efficiency, enhancing future profitability.
- Record Backlog: As of March 31, 2026, Everus's backlog hit $3.68 billion, a 20.4% year-over-year increase, indicating strong customer relationships and robust market demand, signaling potential revenue growth in the future.
See More
Wall Street's Latest Rating Upgrades Summary
- Equinix Upgrade: Raymond James upgraded Equinix from Market Perform to Strong Buy, citing a robust recovery driven by AI-based demand after last year's adjustments, indicating a strong market rebound potential for the company.
- SiteOne's Positive Outlook: Deutsche Bank upgraded SiteOne from Hold to Buy, anticipating a guidance beat with a price target of $160, implying a 32% upside, reflecting market recognition of its attractive low valuation.
- Mistras Initiation: Roth Capital initiated coverage on Mistras with a Buy rating and a $22 target, highlighting significant improvements in operational efficiency that have driven margin expansion and free cash flow conversion, showcasing strong growth potential.
- Nutrien Upgrade: Bank of America upgraded Nutrien from Neutral to Buy, viewing the agricultural market's outlook as increasingly bullish, positioning Nutrien as a best-in-class operator with sustained growth capabilities.
See More
Everus Construction Group to Release Q1 2026 Results
- Earnings Release Schedule: Everus Construction Group will issue its Q1 2026 results after market close on May 5, providing crucial financial data that reflects the company's operational status and aids investors in assessing market performance.
- Webcast Timing: Company leadership will host a webcast on May 6 at 10:30 a.m. EDT to review financial results and discuss recent events, enhancing interaction and transparency with investors.
- Participation Details: The webcast and accompanying materials will be available under the 'Events & Presentations' tab on the investor website, with participants advised to log in early to test audio compatibility for a smooth experience.
- Company Background: Everus Construction Group, a member of the S&P SmallCap 600® index, provides a full spectrum of construction services, including electrical, mechanical, and transmission and distribution contracting services across various industries, showcasing its diversified capabilities in the U.S. construction market.
See More
