Everus Construction Group, Inc. (NYSE: ECG)

This investigation is for anyone who acquired securities in Everus Construction Group, Inc. (NYSE: ECG) from October 31, 2024 through February 11, 2025.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by failing to warn investors that operating the Company as a stand-alone post spin-off would result in work backlog, despite knowing that the Company would face a backlog.

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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Everus Construction Group, Inc. (NYSE: ECG) from October 31, 2024 through February 11, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.