Everus Construction Group, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses; June 3, 2025 Deadline to file Lead Plaintiff Motion

Core Viewpoint - Everus Construction Group, Inc. is facing a class action lawsuit due to alleged misleading statements regarding its financial performance and project backlog during the Class Period from October 31, 2024, to February 11, 2025 [1][4]. Company Overview - Everus Construction, previously known as MDU Construction Services Group, Inc., was a wholly owned subsidiary of CEHI, LLC, which is itself a subsidiary of MDU Resources Group, Inc. [3]. Legal Action - The class action lawsuit claims that Everus Construction made materially false and misleading statements, particularly regarding the lengthening of its backlog conversion cycle and the impact of larger, more complex projects on revenue recognition [4]. Financial Performance - On February 11, 2025, Everus Construction reported a backlog of $2.8 billion and projected revenue between$3.0 billion and $3.1 billion, with EBITDA expected to be between$210 million and $225 million for the year [5]. - Following the financial results announcement, Everus Construction's stock price dropped nearly 28% over the next two trading sessions [5].