Latest news with #Everus
Business Wire
7 days ago
- Business
- Business Wire
ECG Investors Have Opportunity to Lead Everus Construction Group, Inc. Securities Fraud Lawsuit with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)-- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Everus Construction Group, Inc. ('Everus' or 'the Company') (NYSE: ECG) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between October 31, 2024 and February 11, 2025, inclusive (the 'Class Period'), are encouraged to contact the firm before June 3, 2025. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. According to the Complaint, the Company made false and misleading statements to the market. Everus's backlog conversation cycle was lengthened by complex projects. The Company's revenue recognition would be delayed due to the length and complexity of its projects. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Everus, investors suffered damages. Join the case to recover your losses. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Business Wire
23-05-2025
- Business
- Business Wire
Everus to Participate in Upcoming Investor Conferences
BISMARCK, N.D.--(BUSINESS WIRE)--Everus Construction Group (NYSE: ECG) today announced that President and CEO Jeffrey S. Thiede and Chief Financial Officer Maximillian J. Marcy will participate in these investor conferences: KeyBanc Capital Markets Industrials & Basic Materials Conference Date: May 29 Venue: InterContinental Boston Stifel 2025 Cross Sector Insight Conference Date: June 3 Venue: InterContinental Boston J.P. Morgan Energy, Power & Renewables Conference Date: June 24 Venue: InterContinental New York Barclay In conjunction with these events, Everus executives will be available to participate in one-on-one meetings with investors registered to attend the conferences. For more information, please contact the respective representatives. About Everus Construction Group Everus Construction Group, Inc., a member of the S&P SmallCap 600®, is Building America's Future™ by providing a full spectrum of construction services through its electrical and mechanical, and transmission and distribution specialty contracting services across the United States. These specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers. Its E&M contracting services include construction and maintenance of electrical and communication wiring and infrastructure, fire suppression systems, and mechanical piping and services. Its T&D contracting services include construction and maintenance of overhead and underground electrical, gas and communication infrastructure, as well as manufacturing and distribution of transmission line construction equipment and tools. For more information about Everus, visit or email investors@
Associated Press
21-05-2025
- Business
- Associated Press
ECG Investors Have the Opportunity to Lead the Everus Securities Fraud Lawsuit with Faruqi & Faruqi, LLP
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Everus To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Everus between October 31, 2024 and February 11, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] New York, New York--(Newsfile Corp. - May 21, 2025) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Everus Construction Group, Inc. ('Everus' or the 'Company') (NYSE: ECG) and reminds investors of the June 3, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. [ This image cannot be displayed. Please visit the source: ] Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company's backlog conversion cycle had become elongated due to larger, more complex projects; (2) as a result, the Company's revenue recognition would be delayed; and (3) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. On February 11, 2025, after the market closed, Everus released its fourth quarter and full year 2024 financial results, revealing that "[g]iven the current mix of [the Company's] backlog,' its 'backlog conversion' would be 'extended relative to [the] historical pattern over the coming quarters.' The Company explained its average project size had been getting 'larger, more complex and longer.' The Company further revealed that, as a result of this shift in backlog composition, 'heading into 2025" the Company 'expect[s] revenue in the range of $3.0 billion to $3.1 billion and EBITDA in the range of $210 million to $225 million for the year.' 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, on unusually heavy trading volume. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Everus' conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the Everus Construction Group, Inc. class action, go to or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Follow us for updates on LinkedIn, on X, or on Facebook. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. To view the source version of this press release, please visit
Associated Press
17-05-2025
- Business
- Associated Press
ONGOING DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Everus
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Everus To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Everus between October 31, 2024 and February 11, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] New York, New York--(Newsfile Corp. - May 17, 2025) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Everus Construction Group, Inc. ('Everus' or the 'Company') (NYSE: ECG) and reminds investors of the June 3, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. [ This image cannot be displayed. Please visit the source: ] Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company's backlog conversion cycle had become elongated due to larger, more complex projects; (2) as a result, the Company's revenue recognition would be delayed; and (3) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. On February 11, 2025, after the market closed, Everus released its fourth quarter and full year 2024 financial results, revealing that "[g]iven the current mix of [the Company's] backlog,' its 'backlog conversion' would be 'extended relative to [the] historical pattern over the coming quarters.' The Company explained its average project size had been getting 'larger, more complex and longer.' The Company further revealed that, as a result of this shift in backlog composition, 'heading into 2025" the Company 'expect[s] revenue in the range of $3.0 billion to $3.1 billion and EBITDA in the range of $210 million to $225 million for the year.' 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, on unusually heavy trading volume. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Everus' conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the Everus Construction Group, Inc. class action, go to or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Follow us for updates on LinkedIn, on X, or on Facebook. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. To view the source version of this press release, please visit
Business Wire
07-05-2025
- Business
- Business Wire
Kirby McInerney LLP Urges Investors in Everus Construction Group, Inc. (ECG) to Inquire About Their Rights in Class Action Lawsuit
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Everus Construction Group, Inc. ('Everus' or the 'Company') (NYSE:ECG) securities during the period from October 31, 2024, through February 11, 2025 ('the Class Period'), including investors who held MDU Resources Group, Inc. ('MDU Resources') common stock as of October 21, 2024 and acquired Everus common stock issued in connection with the spinoff of Everus Construction on or about October 31, 2024. Investors have until June 3, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit. [LEARN MORE ABOUT THE CLASS ACTION] Everus Construction (formerly known as MDU Construction Services Group, Inc.) operated historically as a wholly owned subsidiary of CEHI, LLC, which is a wholly owned subsidiary of MDU Resources. On October 31, 2024, the Company's stock began trading on the NYSE in connection with the spinoff. On February 11, 2025, a little over 3 months after the spinoff, Everus released its fourth quarter and full year 2024 financial results, revealing that '[g]iven the current mix of [the Company's] backlog,' its 'backlog conversion' would be 'extended relative to [the] historical pattern over the coming quarters.' The Company explained its average project size had been getting 'larger, more complex and longer.' The Company further revealed that, because of this shift in backlog composition, 'heading into 2025' the Company 'expect[s] revenue in the range of $3.0 billion to $3.1 billion and EBITDA in the range of $210 million to $225 million for the year.' On this news, the price of Everus shares declined by $12.43 per share, or approximately 18%, from $68.42 per share on February 11, 2025, to close at $55.99 on February 12, 2025. If you purchased or otherwise acquired Everus securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@ or fill out the form below, to discuss your rights or interests with respect to these matters without any cost to you. [CONTACT FORM] Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP's website. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
