Everus Construction Group (ECG) Q4 FY2024 earnings: revenue $760 million

Everus Construction Group, Inc. (ECG) reported revenue of $760 million for Q4 FY2024, the quarter ended 31 December 2024. Net income was $34 million, and diluted earnings per share $0.67. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.

Revenue$760 million

Net income$34 million

Diluted EPS$0.67

QuarterQ4 FY2024ended 31 December 2024

The quarter, against the one before and a year earlier

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Revenue	760	761	n/a	n/a
Cost of revenue	673	671	n/a	n/a
Gross profit	86.3	89.9	n/a	n/a
Gross margin	11.4%	11.8%	n/a
Selling, general and administrative	40.3	36.2	n/a	n/a
Operating income	46.0	53.7	n/a	n/a
Operating margin	6.1%	7.1%	n/a
Interest expense	5.2	2.9	n/a	n/a
Pre-tax income	42.0	51.9	n/a	n/a
Income tax	11.9	14.0	n/a	n/a
Effective tax rate	28.4%	27.0%	n/a
Net income	34.5	41.8	n/a	n/a
Net margin	4.5%	5.5%	n/a
Diluted EPS	$0.67	$0.82	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Operating cash flow	80.7	78.9	n/a	n/a
Capital expenditure	13.8	18.0	n/a	n/a
Free cash flow	66.9	60.9	n/a	n/a
Free cash flow margin	8.8%	8.0%	n/a
Cash from investing	-11.6	-14.0	n/a	n/a
Cash from financing	16.3	-64.7	n/a	n/a
Depreciation and amortisation	6.8	6.3	n/a	n/a
Share-based compensation	0.5	0.3	n/a	n/a
Diluted shares, weighted	51m	51m	n/a	n/a
Shares outstanding at period end	51m	n/a	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Shareholders' equity	423	453	n/a	n/a
Debt	296	215	n/a	n/a
Operating lease liabilities	41.2	43.2	n/a	n/a
Other liabilities	529	568	n/a	n/a
Total liabilities and equity	1,288	1,279	n/a	n/a
Fixed assets	134	129	n/a	n/a
Goodwill	143	143	n/a	n/a
Intangible assets	0.1	0.5	n/a	n/a
Investments	21.3	17.6	n/a	n/a
Cash and equivalents	86.0	0.6	n/a	n/a
Receivables	590	n/a	n/a	n/a
Inventory	43.8	46.9	n/a	n/a
Other assets	270	941	n/a	n/a
Total assets	1,288	1,279	n/a	n/a

Questions

What was Everus Construction Group's revenue in Q4 FY2024?

Everus Construction Group (ECG) reported revenue of $760 million for Q4 FY2024, the quarter ended 31 December 2024.

How much did Everus Construction Group earn in Q4 FY2024?

Net income for Q4 FY2024 was $34 million, and diluted earnings per share $0.67.

When did Everus Construction Group report Q4 FY2024 results?

Everus Construction Group filed its 10-K for the year that ended with the quarter on 28 February 2025; the fourth quarter is the year less the first three.

Quarterly results, the last 11 quarters

	Q3 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	717	626	703	761	760	827	921	987	1,011	1,037	1,232
Cost of revenue	632	551	615	671	673	734	802	863	894	906	1,049
Gross profit	84.9	74.7	88.6	89.9	86.3	92.5	120	124	118	131	183
Gross margin	12%	12%	13%	12%	11%	11%	13%	13%	12%	13%	15%
SG&A	34.8	35.8	37.3	36.2	40.3	41.5	47.4	51.8	48.6	53.0	71.2
Operating income	50.1	38.9	51.3	53.7	46.0	51.0	72.5	72.4	68.9	77.7	112
Operating margin	7%	6%	7%	7%	6%	6%	8%	7%	7%	7%	9%
Interest expense	4.6	2.7	3.2	2.9	5.2	4.7	4.8	5.4	6.5	4.6	4.6
Pre-tax income	46.7	37.1	49.8	51.9	42.0	46.9	69.6	72.1	69.3	75.9	110
Tax rate	24%	27%	27%	27%	28%	29%	28%	29%	27%	27%	27%
Net income	36.0	28.2	39.0	41.8	34.5	36.7	52.8	57.0	55.3	58.3	83.9
Net margin	5%	5%	6%	5%	5%	4%	6%	6%	5%	6%	7%
Diluted EPS	$0.71	$0.55	$0.76	$0.82	$0.67	$0.72	$1.03	$1.11	$1.08	$1.14	$1.64
Operating cash flow	n/a	21.9	-18.1	78.9	80.7	7.1	25.3	76.2	48.2	144	53.1
Capital expenditure	n/a	9.2	7.3	18.0	13.8	18.5	13.1	10.5	24.7	15.5	20.1
Free cash flow	n/a	12.6	-25.4	60.9	66.9	-11.4	12.3	65.7	23.5	128	33.0
Shares outstanding	51m	51m	51m	n/a	51m	51m	51m	51m	51m	51m	51m
Filing	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 31 December 2024, filed 28 February 2025, accession 0002015845-25-000012: the filing on EDGAR. All of Everus Construction Group, Inc.'s filings: EDGAR company page.

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