Everus Construction Group Inc 2024年度报告

FORM10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember 31, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ______________Commission file number001-42276 Everus Construction Group, Inc.(Exact name of Registrant as specified in its charter) Delaware99-1952207(State or other jurisdictionof incorporation or organization)(I.R.S. employeridentification no.) (701)221-6400(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Name of exchange on whichregistered Securities registered pursuant to Section 12(g) of the Act:None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒. Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☐Emerging growth company☐ Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☒ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒. State the aggregate market value of the voting common stock held by non-affiliates of the registrant as of June 30, 2024: NotApplicable. Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of February 24, 2025:50,999,228shares. DOCUMENTS INCORPORATED BY REFERENCE Relevant portions of the registrant's 2025 Proxy Statement, to be filed no later than 120 days from December 31, 2024, areincorporated by reference in Part III, Items 10, 11, 12, 13 and 14 of this Annual Report on Form 10-K. Index PageIndustryInformationiiForward-Looking StatementsiiRisk Factors SummaryiiPart I1Item 1. Business1Item 1A. Risk Factors10Item 1B. Unresolved Staff Comments28Item 1C. Cybersecurity29Item 2. Properties30Item 3. Legal Proceedings30Item 4. Mine Safety Disclosures30Part II31Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities31Item 6. [Reserved]32Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations33Item 7A. Quantitative and Qualitative Disclosures About Market Risk50Item 8. Financial Statements and Supplementary Data52Item9.Changes in and Disagreements With Accountants on Accounting and Financial Disclosure90Item9A. Controls and Procedures90Item 9B. Other Information90Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspection91Part III92Item 10. Directors, Executive Officers and Corporate Governance92Item 11. Executive Compensation92Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters92Item 13. C