Everus Construction Group, Inc.

As of March 31, 2025, there were no material changes to the Company's legal proceedings that were previously disclosed in the Company’s 2024 Annual Report.

Securities Class Action

On April 4, 2025, a putative class action lawsuit titled Scofield v. Everus Construction Group, Inc., et al, Case No. 1:25-cv-02835, was filed in the United States District Court for the Southern District of New York against the Company and certain of its officers. The complaint was filed on behalf of a purported class consisting of all purchasers or acquirors of the Company’s common stock between October 31, 2024, and February 11, 2025, including investors who held MDU Resources common stock as of October 21, 2024, and acquired the Company’s common stock in connection with the Separation. The complaint alleges violations of Sections 10(b) and 20(a) of the Exchange Act, based on allegedly false and misleading statements related to the Company’s backlog conversion cycle and its impact on the Company’s business, operations, and prospects. The complaint seeks unspecified damages, an award of costs and expenses, and other unspecified relief. The Company and its officers intend to defend vigorously this action in all respects. The Company is not in a position to assess the likelihood of any potential loss or adverse effect on its financial condition or to estimate the amount or range of potential loss, if any, from this action at this time.