Everus Construction Group, Inc.
Company Name | Everus Construction Group, Inc. |
Stock Symbol | ECG |
On February 11, 2025, Everus released its fourth quarter 2024 financial results and revealed that “backlog conversion may be extended relative to [the] historical pattern over the coming quarters” as its average project size is getting “larger, more complex and longer.”
On this news, Everus’s stock price fell $18.88, or 27.6%, over two consecutive trading days to close at $49.54 on February 13, 2025, thereby injuring investors.
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