NYSE:ECGConstruction
Everus Construction Group (ECG) Stock Climbs On Record Margins And Backlog
Everus Construction Group stock closed up 3.4% today, even though the headline from this quarter is not the share price. The real story is a construction contractor reporting record numbers in revenue and earnings while the market is still pricing it below industry P/E averages.
Q2 delivered roughly US$1.23b of revenue and Basic EPS of about US$1.64. Earnings over the last year have risen and profit margins have improved. The price move appears to reflect investors reacting to that earnings...