MYR Group

MYR Group, Inc. is a holding company, which engages in the provision of electrical construction services. It operates through the Transmission and Distribution (T&D) and Commercial and Industrial (C&I) segments. The T&D segment offers a range of services on electric transmission and distribution networks and substation facilities. The C&I segment includes the design, installation, maintenance and repair of commercial and industrial wiring, installation of traffic networks and the installation of bridge, roadway, and tunnel lighting. The company was founded in 1995 and is headquartered in Thornton, CO.

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Earnings data Q4 2024

MYR Group reports record revenues and net income in Q4

MYR Group delivered strong financial performance in Q4 2022, with record revenues and net income.
Despite challenges like supply chain disruptions and inflation, the company maintains a robust backlog and liquidity position.
Strategic focus on clean energy and infrastructure projects offers promising growth opportunities for MYR Group.

MYR Group reports robust Q1 earnings amidst supply chain challenges

MYR Group's Q1 2023 performance reflected strong revenue growth but faced challenges with margin pressures and supply chain disruptions.
Despite these challenges, the company maintains a positive outlook, emphasizing customer relationships, market expansion, and operational efficiency.
Investors should monitor MYR Group's efforts to address supply chain issues and enhance margins while capitalizing on growth opportunities in clean energy projects.

MYR Group reports record revenues in Q2 2023 earnings call

MYR Group's Q2 2023 performance was strong, marked by record revenues and backlog growth. Despite challenges in gross margin and cash flow, the company's focus on client relationships, clean energy projects, and growth opportunities in EV charging stations positions it well for future success.

MYR Group reports record revenues in Q3 amidst margin challenges

MYR Group's Q3 2023 performance showcased strong revenue growth but faced margin pressures. The company's focus on electrification and clean energy aligns with market trends, while strategic investments in infrastructure and diverse market segments position MYR Group for future growth.

MYR Group reports record revenues in Q4 2023 earnings call

MYR Group delivered strong financial performance in Q4 2023, with record revenues and a focus on managing expenses in line with revenue growth.
While facing challenges in gross margin and operational efficiency, the company's strategic focus on workforce, technology, and debt management presents opportunities for future growth.
Overall, MYR Group's emphasis on organic growth, financial discipline, and operational improvements positions them well for sustained success in the coming year.

MYR Group reports steady Q1 revenue growth amidst operational challenges

MYR Group's Q1 2024 performance reflects mixed results with revenue growth in T&D but decline in C&I, impacting overall profitability.
While gross margin and C&I operating income margin improved, challenges like labor inefficiencies and cash flow decline need attention.
The company's backlog provides a strong foundation for future revenue, highlighting potential for growth with strategic operational enhancements.

MYR Group reports Q2 revenue decline, focuses on backlog strength

MYR Group faced revenue declines and margin pressures in Q2 2024, leading to a net loss of $15 million.
However, the company showed strength in backlog levels and improved operating cash flow compared to the previous year.
Challenges in operating margins highlight the need for strategic adjustments, while opportunities exist in leveraging core competencies and exploring new markets.

MYR Group reports mixed Q3 results, focuses on cash flow

MYR Group faced revenue declines in Q3 2024, with T&D segment struggling but C&I segment showing strength.
Profitability was impacted by lower gross margin and net income, although operating cash flow improved significantly.
The company's total backlog remained strong at $2.6 billion, providing a foundation for future growth opportunities.
Addressing challenges in the T&D segment and capitalizing on positive cash flows can drive MYR Group's performance.

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MYR Group (MYRG) came out with quarterly earnings of $1.33 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.15 per share a year ago.

MYR Group (MYRG) Beats Q2 Earnings and Revenue Estimates

THORNTON, Colo., July 26, 2023 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced today its second-quarter and first-half 2023 financial results.

MYR Group Inc. Announces Second-Quarter and First-Half 2023 Results

THORNTON, Colo., July 12, 2023 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will release its second-quarter 2023 results on Wednesday, July 26, 2023, after the market closes. In conjunction with the release, MYR Group has scheduled a conference call and simultaneous webcast to discuss results on Thursday, July 27, 2023, at 9:00 a.m. Central time.

MYR Group Inc. Announces Second-Quarter 2023 Earnings Release and Conference Call Schedule

MYR Group is a holding company of electrical and industrial contractors with 13 subsidiaries, some over 100 years old. MYR Group is a great way to play the energy transition, which will unfold over the next decade. MYR Group's strong management team, pristine balance sheet, and history of successful M&A can all drive outperformance.

MYR Group: Driving The Energy Transition

MYR Group (MYRG) makes a strong case for investment, given its earnings revision, strong return on investment and capability to increase shareholders' value.

Here's Why You Should Add MYR Group (MYRG) to Your Portfolio

MYR Group posted yet another solid quarterly results. They have a solid growth potential, and their fundamentals are solid.

MYR Group: Solid Fundamentals And Great Growth Trajectory

THORNTON, Colo., May 10, 2023 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend the Baird 2023 Global Consumer, Technology & Services Conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors in New York on Thursday, June 8, 2023. This event is only available to Baird clients.

MYR Group Inc. to Attend Baird Global Consumer, Technology & Services Conference in June

THORNTON, Colo., May 08, 2023 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend the Stifel 2023 Cross Sector Insight Conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors in Boston on Wednesday, June 7, 2023. This event is only available to Stifel clients.

MYR Group Inc. to Attend Stifel Cross Sector Insight Conference in June

Here is how MYR Group (MYRG) and NiSource (NI) have performed compared to their sector so far this year.

Is MYR Group (MYRG) Outperforming Other Utilities Stocks This Year?

THORNTON, Colo., May 04, 2023 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend the UBS Global Industrials and Transportation Conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors in New York on Tuesday, June 6, 2023. This event is only available to UBS clients.

MYR Group Inc. to Attend UBS Global Industrials and Transportation Conference in June

THORNTON, Colo., May 01, 2023 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend the KeyBanc Capital Markets 2023 Industrials & Basic Materials Conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors in Boston on Thursday, June 1, 2023. This event is only available to KeyBanc Capital Markets clients.

MYR Group Inc. to Attend KeyBanc Capital Markets Industrials & Basic Materials Conference in June

MYR Group, Inc. (MYRG) Q1 2023 Earnings Call Transcript.

MYR Group, Inc. (MYRG) Q1 2023 Earnings Call Transcript

MYR Group (MYRG) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.21 per share a year ago.

MYR Group (MYRG) Tops Q1 Earnings and Revenue Estimates

THORNTON, Colo., April 26, 2023 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced today its first-quarter 2023 financial results.

MYR Group Inc. Announces First-Quarter 2023 Results

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Has MYR Group (MYRG) Outpaced Other Utilities Stocks This Year?

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Reasons to Add MYR Group (MYRG) to Your Portfolio Right Now

THORNTON, Colo., April 12, 2023 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will release its first-quarter 2023 results on Wednesday, April 26, 2023, after the market closes. In conjunction with the release, MYR Group has scheduled a conference call and simultaneous webcast to discuss results on Thursday, April 27, 2023, at 9:00 a.m. Central time.

MYR Group Inc. Announces First-Quarter 2023 Earnings Release and Conference Call Schedule

THORNTON, Colo., April 06, 2023 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend Oppenheimer's 18th Annual Industrial Growth Conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet virtually with institutional investors on Tuesday, May 9, 2023. This event is only available to Oppenheimer clients.

MYR Group Inc. to Attend Oppenheimer Investor Conference in May

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MYR Group finished the financial year 2022 on a very strong note, reaching some all-time highs in the financial metrics. Growth drivers are the replacement and modernization projects of the old infrastructure as well as the transition to clean energy supported by big governmental packages.

MYR Group Is A Hold Until Momentum Gets Another Push (Technical Analysis)

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Here's Why MYR Group (MYRG) is a Great Momentum Stock to Buy

THORNTON, Colo., Feb. 28, 2023 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend the UBS investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will attend and meet with institutional investors during the UBS 17th Annual Engineering, Infrastructure, and Construction conference in Dallas, TX on Thursday, March 23, 2023. This event is only available to UBS clients.

MYR Group Inc. to Attend UBS Investor Conference in March

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News for MYR Group Stock (MYRG)