Everus Construction Group, Inc. (NYSE: ECG)

Everus Construction Group, Inc. is a leading construction solutions provider headquartered in Bismarck North Dakota offering specialty contracting services to a diverse set of end markets across the United States. The company operates throughout most of the United States through two reportable operating segments Electrical & Mechanical and Transmission & Distribution delivering services via 15 wholly owned operating companies that market under 19 local brands.

Everus Construction Group, Inc. generates revenue by providing specialty contracting services including electrical and communication wiring installation fire suppression systems renewables infrastructure mechanical piping and services transmission and distribution construction and related equipment rental and sales. The company serves customers in commercial industrial institutional renewables service and other transportation and utility end markets ranging from large technology companies to utility providers and local municipalities.

The company operates through the following segments: Electrical & Mechanical (E&M) and Transmission & Distribution (T&D).

• Electrical & Mechanical (E&M) serves general contractor and end use customers with demand driven by infrastructure development and maintenance in commercial institutional renewables service and other end markets offering services such as construction and maintenance of electrical and communication wiring fire suppression systems renewables infrastructure and mechanical piping and serving both public and private sector clients with a strong presence in data center hospitality entertainment standard commercial high tech manufacturing industrial installations renovations upgrades expansions education government healthcare submarkets and smaller standalone or recurring maintenance projects including electric vehicle charging stations to large scale solar generation across a broad geographic footprint throughout the United States.

• Transmission & Distribution (T&D) primarily serves electric and natural gas utility customers as well as transportation end market customers in the Midwest and West regions of the United States specializing in transmission and distribution construction offering services such as construction and maintenance of overhead and underground electrical gas communication infrastructure and transportation related lighting manufacturing selling and renting overhead and underground line stringing equipment and tools providing solutions across excavation and underground boring substations signals and lighting and emergency restoration with demand driven by increased utility spend on aging infrastructure system hardening grid reliability initiatives natural disasters and weather related events and a significant geographical presence in Missouri California Montana Oregon plus equipment rental and manufacturing distribution centers in Arizona Texas Georgia Illinois Ohio Oregon.

Everus Construction Group, Inc. operates in a highly fragmented U. S. construction services industry where competition is based on technical expertise service pricing financial and operational resources safety track record reputation and dependability. The company faces competition from large public firms such as Comfort Systems USA Inc. EMCOR Group Inc. IES Holdings Inc. MasTec Inc. MYR Group Inc. Primoris Services Corporation Quanta Services Inc. Sterling Infrastructure Inc. and from large private firms including M. C. Dean Inc. Rosendin Electric Pike Corporation and Archkey Solutions. Everus believes its diversified service offering broad geographic footprint and focus on workforce quality safety and execution enable it to compete effectively.

Everus Construction Group, Inc. serves a diverse customer base that includes large technology companies utility providers local municipalities and customers across commercial industrial institutional renewables service and other transportation and utility end markets. The company reports that its top ten customers contributed approximately 43 percent of total operating revenues in 2025 with a single customer accounting for about 17 percent of revenues.