Everus Construction Group, Inc.

Note 4 –Goodwill and Other Intangible Assets

Goodwill

The Company’s carrying amount of goodwill remained unchanged at $143.2 million as of both March 31, 2026 and December 31, 2025. The Company’s reporting units are E&M, T&D, and Wagner Smith Equipment (“WSE”). WSE is within the T&D reportable segment. Goodwill also remained unchanged for each reportable segment as of both March 31, 2026 and December 31, 2025, with $115.9 million for E&M and $27.3 million for T&D. No impairments of goodwill were recorded for the three months ended March 31, 2026 and 2025.

Other Intangible Assets

During the third quarter of 2025, the Company wrote off the remaining asset cost and associated accumulated amortization of the finite-lived intangible assets related to customer relationships that were fully amortized.

For the three months ended March 31, 2025, amortization expense for finite-lived intangible assets was $0.1 million. As a result of the finite-lived intangible assets being fully amortized during the first quarter of 2025, there wasno future amortization expense remaining for finite-lived intangible assets.

Amortization expense was recognized in Selling, general and administrative expenses in the unaudited condensed consolidated statement of income for the three months ended March 31, 2025.

No impairments of finite-lived intangible assets were recorded for the three months ended March 31, 2025.