NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Everus Construction Group, Inc. (NYSE: ECG) between October 31, 2024 and February 11, 2025, both dates inclusive (the “Class Period”), including investors who held MDU Resources Group, Inc. (“MDU Resources”) common stock as of October 21, 2024 and acquired Everus Construction common stock issued in connection with the spinoff of Everus Construction on or about October 31, ...

Core Insights - Corpay and Computer Guidance Corporation have released a joint case study highlighting their integrated accounts payable automation solution for S.T. Wooten, a construction firm [1][4] - The partnership aims to modernize and streamline back-office operations for construction companies through secure payment automation within existing ERP systems [2][3] Company Overview - Computer Guidance Corporation provides a leading construction enterprise resource planning (ERP) solution, serving thousands of clients across North America, with over 20% of clients on top ENR lists [5] - Corpay is a global S&P 500 corporate payments company that processes 1.9 billion transactions annually and is the number one B2B commercial Mastercard issuer in North America [6][7] Solution Features - The integrated solution is built on a flexible, API-based framework that allows real-time data exchange between Corpay's payment automation platform and Computer Guidance's eCMS ERP system, enhancing visibility and accuracy while reducing manual processing [3][4] - The case study emphasizes the benefits of reducing payment friction, strengthening vendor relationships, and allowing accounts payable teams to focus on strategic initiatives [4][5] Market Impact - The collaboration between Corpay and Computer Guidance aims to simplify workflows, improve control, and drive meaningful cost savings for construction finance teams [5] - The unified spend management platform, Corpay Complete, offers various solutions including Payments Automation and Invoice Automation, which help clients automate and secure business payments [7]

Core Insights - Merko Ehitus reported a revenue of EUR 85.2 million and a net profit of EUR 10.5 million for Q1 2025, with real estate development contributing 30% to the revenue, more than doubling from the previous year [1][2][3] Financial Performance - The pre-tax profit for Q1 2025 was EUR 11.6 million, resulting in a pre-tax profit margin of 13.6%, compared to EUR 5.2 million and 6.4% in Q1 2024 [7] - Net profit attributable to shareholders for Q1 2025 was EUR 10.5 million, with a net profit margin of 12.3%, up from EUR 4.4 million and 5.5% in Q1 2024 [7] - Revenue increased by 5.0% year-on-year, from EUR 81.2 million in Q1 2024 to EUR 85.2 million in Q1 2025 [8] Real Estate Development - The group sold 121 apartments and one commercial unit in Q1 2025, compared to 59 apartments and seven commercial units in the same period last year [5][11] - Revenue from real estate development reached EUR 26 million in Q1 2025, up from EUR 13 million in Q1 2024 [5] Construction Contracts - Merko signed new construction contracts worth EUR 50.6 million in Q1 2025, a significant increase from EUR 10.5 million in Q1 2024 [4][10] - The secured order book stood at EUR 332 million at the end of Q1 2025, down from EUR 419 million in Q1 2024 [9] Market Activity - Increased activity in the Lithuanian real estate market contributed to the improved results, while Merko also gained market share in Estonia despite stagnant sales of new apartments [2][3] - The group is focusing on completed or near-completion apartments, reflecting buyer preferences [3] Cash Position - As of March 31, 2025, the group had EUR 78.5 million in cash and cash equivalents, with equity amounting to EUR 264.7 million, representing 61.0% of total assets [12]

Everus Construction (ECG) Q1 2025 Earnings Call May 14, 2025 10:30 AM ET Company Participants Paul Bartolai - Partner - Investor Relations PracticeJeffrey Thiede - President & CEOMaximillian Marcy - Vice President, Chief Financial Officer and TreasurerIan Zaffino - Managing DirectorQuinten Helmer - Equity Research AssociateChris Senyek - Chief Investment Strategist Conference Call Participants Brent Thielman - MD & Senior Research Analyst Operator Thank you for standing by. My name is Ian, and I will be you ...

Financial Data and Key Metrics Changes - The company's first quarter revenue increased by 32% year-over-year, reaching $826.6 million, driven primarily by a 47% increase in the Electrical and Mechanical (E and M) segment [18][7] - Total EBITDA for the first quarter was $61.8 million, also reflecting a 32% increase from the previous year, with an EBITDA margin of 7.5%, consistent with the prior year [18][19] - The total backlog at the end of the first quarter was $3.1 billion, up 10% from the end of the previous year and up 41% from the same period last year [19][9] Business Line Data and Key Metrics Changes - E and M revenue increased to $648.2 million, a 47% rise compared to $441 million in the prior year, with E and M EBITDA growing by 51% to $49.5 million [20][18] - Transmission and Distribution (T and D) revenue slightly declined by 2% to $185 million due to weather-related delays, but T and D EBITDA increased by 5.8% to $20.1 million [21][18] Market Data and Key Metrics Changes - The E and M backlog increased by 46% year-over-year, driven by growth in key submarkets such as data centers, manufacturing, government, and hospitality [9][19] - T and D backlog grew by 8% year-over-year, indicating solid demand despite the revenue decline [19] Company Strategy and Development Direction - The company is focused on its "forever strategy," which emphasizes attracting and retaining talent, delivering high-quality execution, and maintaining customer relationships [13][14] - A significant portion of the capital expenditure in the first quarter was allocated to purchasing a new prefabrication facility in Kansas City, expanding the total footprint by approximately 128,000 square feet [15][23] - The company aims for organic revenue growth of 5% to 7% and EBITDA growth of 7% to 9% on a compound annual basis [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating macroeconomic uncertainties and highlighted strong demand trends in key markets, particularly in data centers and high-tech reshoring [10][11] - The company is optimistic about its ability to grow backlog based on favorable demand trends and strong customer relationships [13][12] Other Important Information - The company is actively monitoring tariff impacts and has implemented strategies to mitigate risks associated with price increases [58] - The first quarter's capital expenditures were $18.5 million, up from $9.2 million in the same period last year, reflecting a commitment to support organic growth [23][18] Q&A Session Summary Question: Outlook on larger projects and revenue timing - Management indicated that the backlog could be bumpy due to the nature of large projects, which often have longer lead times [30] Question: Transmission and Distribution segment outlook - Management noted strong demand for T and D services and highlighted expertise in undergrounding as a growth opportunity [33] Question: Status of high-tech manufacturing market - Management confirmed ongoing strong relationships with semiconductor manufacturers and expressed confidence in continued support for these customers [37] Question: Non-backlog business outlook - Management emphasized the importance of non-backlog work and resource allocation to ensure effective project execution [40][42] Question: Hospitality market status - Management reported an increase in backlog in Las Vegas and expressed confidence in capturing future opportunities in the hospitality sector [46] Question: Pharmaceutical manufacturing opportunities - Management acknowledged the potential for growth in the pharmaceutical manufacturing market and indicated plans for geographic expansion [50] Question: Impact of tariffs on business - Management discussed proactive measures to mitigate tariff risks and secure pricing with suppliers [58] Question: Corporate costs and future expectations - Management indicated that corporate costs may increase slightly as the company stands up departments, but overall costs remain in line with expectations [61]

FIRST QUARTER 2025 RESULTS CONFERENCE CALL May 14, 2025 Forward-Looking Statements This presentation, and oral comments that Everus may make, contain or incorporate by reference certain "forward-looking statements" within the meaning of the securities laws. All statements that reflect Everus' expectations, assumptions or projections about the future, other than statements of historical facts, including, without limitation, statements regarding plans, trends, objectives, goals, business and growth strategies ...

NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Everus Construction Group, Inc. ("Everus Construction " or the "Company") (NYSE: ECG) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Everus Construction investors who were adversely affected by alleged securities fraud between October 31, 2024 and February 11, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk. ...

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NEW YORK, May 13, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Everus Construction Group, Inc. ("Everus Construction " or the "Company") (NYSE: ECG) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Everus Construction investors who were adversely affected by alleged securities fraud between October 31, 2024 and February 11, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/ps ...

Financial Data and Key Metrics Changes - Revenue for Q2 fiscal 2025 was $571.7 million, representing a 54% increase year-over-year [16] - Adjusted EBITDA grew by 135% to $69.3 million, with an adjusted EBITDA margin of 12.1%, up from 7.9% in the same quarter last year [18] - Net income was $4.2 million, compared to a net loss of $1.1 million in the same quarter last year [18] - General and administrative (G&A) expenses as a percentage of total revenue decreased to 8.2% from 9.7% year-over-year [17] Business Line Data and Key Metrics Changes - The revenue mix for the quarter included 7% organic revenue growth and 47% from recent acquisitions [16] - The company reported a project backlog of $2.84 billion, indicating strong demand for services [19] Market Data and Key Metrics Changes - The company continues to benefit from healthy federal and state project funding in the Sunbelt states, with no signs of degradation in market conditions [10] - The IIJA and state funding are expected to provide a healthy bidding environment for public market customers [11] Company Strategy and Development Direction - The company is focused on both organic and acquisitive growth, with a strong acquisition pipeline and plans to expand into new states [12][13] - The strategic goal is to achieve top-line growth of 15% to 20% annually and EBITDA expansion of 50 basis points per year through various margin levers [13] Management's Comments on Operating Environment and Future Outlook - Management noted that they have not experienced project delays or cancellations despite broader macroeconomic uncertainties [24] - The company is optimistic about the future, citing strong economic expansion and favorable demographic trends in Tennessee as growth drivers [9] Other Important Information - Capital expenditures for Q2 were $41.4 million, with total expected capital expenditures for fiscal 2025 in the range of $130 million to $140 million [21] - The company aims to reduce its debt to trailing twelve months EBITDA ratio to approximately 2.5 times in the next four quarters [20] Q&A Session Summary Question: Are there any project delays or cancellations due to macroeconomic uncertainty? - Management stated they are experiencing business as usual with no delays or cancellations noted [24] Question: What are the margin differentials in recent acquisitions? - Management highlighted that the recent acquisition of PRI has a margin profile in the mid-teens, which is beneficial for the company [27] Question: How is capital allocation prioritized in 2025? - The company plans to pay down debt while also pursuing smart acquisitions to support growth [34] Question: What is the revenue contribution from M&A? - Approximately $150 million to $160 million in revenue is expected to carry over into 2026 from recent acquisitions [47] Question: Are there any inflation-related impacts from tariffs? - Management indicated that tariffs have not been a significant issue, as most supply chain inputs are sourced domestically [54] Question: How does the backlog compare to recognized profit margins? - Backlog margins are healthy, and the company typically finds ways to grow margins during project execution [78]