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.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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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THORNTON, Colo., Feb. 27, 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 Sidoti & Company investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will virtually meet with institutional investors during Sidoti's Flagship Virtual Small Cap conference on Wednesday, March 22, 2023. This event is only available to Sidoti clients.

MYR Group Inc. to Attend Sidoti Investor Conference in March

MYR Group, Inc. (NASDAQ:MYRG ) Q4 2022 Earnings Conference Call February 23, 2023 10:00 AM ET Company Participants David Gutierrez - Head, PR Practice and SVP, Dresner Corporate Services, Inc. Richard Swartz - President, CEO & Director Betty Johnson - SVP & CFO Tod Cooper - SVP & COO, Transmission and Distribution Jeffrey Waneka - SVP & COO, Commercial & Industrial Conference Call Participants Justin Hauke - Robert W. Baird Alexander Dwyer - KeyBanc Capital Markets Brian Russo - Sidoti & Company Noelle Dilts - Stifel, Nicolaus & Company Jonathan Braatz - Kansas City Capital Associates Operator Good morning, everyone, and welcome to the MYR Group Fourth Quarter and Full Year 2022 Earnings Results Conference Call.

MYR Group, Inc. (MYRG) Q4 2022 Earnings Call Transcript

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MYR (MYRG) delivered earnings and revenue surprises of 39.05% and 16.73%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

MYR Group (MYRG) Surpasses Q4 Earnings and Revenue Estimates

THORNTON, Colo., Feb. 22, 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 fourth-quarter and full year 2022 financial results.

MYR Group Inc. Announces Fourth-Quarter and Full Year 2022 Results

THORNTON, Colo., Feb. 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 release its fourth-quarter and full year 2022 results on Wednesday, February 22, 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, February 23, 2023, at 9:00 a.m. Central time.

MYR Group Inc. Announces Fourth-Quarter and Full Year 2022 Earnings Release and Conference Call Schedule

MYR (MYRG) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

What Makes MYR (MYRG) a Good Fit for 'Trend Investing'

THORNTON, Colo., Jan. 09, 2023 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group” or the “Company”) (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 that as part of a planned leadership succession process, Betty R. Johnson notified the Board of Directors of her decision to retire as Senior Vice President and Chief Financial Officer of the Company, effective on February 24, 2023.

MYR Group Inc. Announces CFO Succession Plan

HENDERSON, Colo., Oct. 31, 2022 (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 Credit Suisse Global Industrials investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Operating Officer, Tod Cooper, will meet with institutional investors during the Credit Suisse 10th Annual Global Industrials Conference on Wednesday, November 30, 2022, in Palm Beach, FL. This event is only available to Credit Suisse clients.

MYR Group Inc. to Attend Credit Suisse Global Industrials Investor Conference

MYR Group Inc. (NASDAQ:MYRG ) Q3 2022 Earnings Conference Call October 27, 2022 10:00 AM ET Company Participants David Gutierrez - Dresner Corporate Services Rich Swartz - President and CEO Betty Johnson - SVP and CFO Tod Cooper - SVP and COO, Transmission and Distribution Jeff Waneka - SVP and COO, Commercial and Industrial Conference Call Participants Alex Dwyer - KeyBanc Capital Markets Justin Hauke - Baird Brian Russo - Sidoti Noelle Dilts - Stifel Operator Good morning, everyone. And welcome to the MYR Group Third Quarter 2022 Earnings Results Conference Call.

MYR Group Inc. (MYRG) Q3 2022 Earnings Call Transcript

MYR (MYRG) delivered earnings and revenue surprises of -8.40% and 10.39%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

MYR Group (MYRG) Lags Q3 Earnings Estimates

HENDERSON, Colo., Oct. 26, 2022 (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 third-quarter and first nine-months 2022 financial results.

MYR Group Inc. Announces Third-Quarter and First Nine-Months 2022 Results

HENDERSON, Colo., Oct. 12, 2022 (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 third-quarter 2022 results on Wednesday, October 26, 2022, after the market closes. In conjunction with the release, MYR Group has scheduled a conference call and simultaneous webcast to discuss results on Thursday, October 27, 2022, at 9:00 a.m. Central time.

MYR Group Inc. Announces Third-Quarter 2022 Earnings Release and Conference Call Schedule

HENDERSON, Colo., Oct. 06, 2022 (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 Baird's 2022 Global Industrial Conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Betty Johnson, will meet with institutional investors during the conference on Tuesday, November 8, 2022, in Chicago. This event is only available to Baird clients.

MYR Group Inc. to Participate in Baird's 2022 Global Industrial Conference

Rising security concern over North America electrical grid, coupled with large auto energy-fuel conversion from gasoline to electricity: that is MYR Group's principal business. “Likely” is the keyword in uncertain-future forecasts, where profit-margin capture and stock-price increases are a combination of corporate managerial skills and current market circumstances.

MYR Group: Best Near-Term Electrical Infrastructure Cap-Gain Wealth-Builder

HENDERSON, Colo., Aug. 23, 2022 (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 Sidoti & Company virtual investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Betty Johnson, will virtually meet with institutional investors during the Sidoti & Company September Small-Cap virtual conference on Wednesday, September 21, 2022. This event is only available to Sidoti clients.

MYR Group Inc. to Attend Sidoti & Company Small-Cap Virtual Investor Conference

HENDERSON, Colo., Aug. 02, 2022 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group” or the “Company”) (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 that its Board of Directors (the “Board”) intends to put forward a proposal to the Company's stockholders for a vote at its 2023 Annual Meeting of Stockholders (the "2023 Annual Meeting") to declassify the Board and transition to an annual election of directors. The Company also announced that the Board has approved amendments to the Company's Corporate Governance Principles establishing the general policy of a fifteen-year term limit for directors with the goal of furthering the Board's commitment to Board diversity and refreshment.

MYR Group Inc. Announces Intention to Declassify its Board of Directors

MYR Group Inc. (NASDAQ:MYRG ) Q2 2022 Earnings Conference Call July 28, 2022 10:00 AM ET Company Participants David Gutierrez - Dresner Corporate Services Rich Swartz - President and CEO Betty Johnson - SVP and CFO Tod Cooper - SVP and COO, Transmission and Distribution Jeff Waneka - SVP and COO, Commercial and Industrial Conference Call Participants Justin Hauke - Baird Brian Russo - Sidoti Noelle Dilts - Stifel Alexander Dwyer - KeyBanc Operator Good morning, everyone, and welcome to the MYR Group Second Quarter 2022 Earnings Conference Call. Today's conference is being recorded.

MYR Group Inc. (MYRG) CEO Rich Swartz on Q2 2022 Results - Earnings Call Transcript

MYR (MYRG) delivered earnings and revenue surprises of 4.55% and 7.17%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

MYR Group (MYRG) Q2 Earnings and Revenues Beat Estimates

HENDERSON, Colo., July 27, 2022 (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 2022 financial results.

MYR Group Inc. Announces Second-Quarter and First-Half 2022 Results

HENDERSON, Colo., July 13, 2022 (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 2022 results on Wednesday, July 27, 2022, 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 28, 2022, at 9:00 a.m. Central time.

MYR Group Inc. Announces Second-Quarter 2022 Earnings Release and Conference Call Schedule

Last time (February 2022) we wrote of MYRG, investors won +10.7% in 18 market days, a CAGR of over 300%. Just a wiggle? Should North America need expanded electrical transmission capacity in coming years, given large auto energy-fuel conversion from gasoline to electricity? That is MYRG's principal business.

MYR Group: Best Infrastructure Contractor Seen By Market-Makers

MYR (MYRG) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down 14.4% in 4 Weeks, Here's Why You Should You Buy the Dip in MYR (MYRG)

HENDERSON, Colo., May 03, 2022 (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 Industrials & Basic Materials investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Betty Johnson, will meet with institutional investors in Boston on Thursday, June 2, 2022. This event is only available to KeyBanc Capital Markets clients.

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

HENDERSON, Colo., May 02, 2022 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group” or the “Company”) (NASDAQ: MYRG), announced today the appointment of Ajoy H. Karna to the Company's Board of Directors (the “Board”), effective May 2, 2022. Mr. Karna will serve as a Class III director and on the Board's Audit Committee.

News for MYR Group Stock (MYRG)