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 Inc. (MYRG) CEO Rick Swartz on Q1 2021 Results - Earnings Call Transcript

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MYR Group (MYRG) Recently Broke Out Above the 20-Day Moving Average

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MYR (MYRG) delivered earnings and revenue surprises of 85.71% and 12.16%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

MYR Group (MYRG) Surpasses Q1 Earnings and Revenue Estimates

Shares of MYR Group (NASDAQ:MYRG) moved higher in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 98.31% over the past year to $1.17, which beat the estimate of $0.63.

MYR Group: Q1 Earnings Insights

HENDERSON, Colo., April 28, 2021 (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 western Canada, today announced its first-quarter 2021 financial results.

MYR Group Inc. Announces First-Quarter 2021 Results

HENDERSON, Colo., April 22, 2021 (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 western Canada, announced it will release its first-quarter 2021 results on Wednesday, April 28, 2021, after the market closes. In conjunction with the release, MYR has scheduled a conference call and simultaneous webcast to discuss results on Thursday, April 29, 2021, at 8:00 a.m. Mountain time.

MYR Group Inc. Announces First-Quarter 2021 Earnings Release and Conference Call Schedule

MYR (MYRG) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

MYR (MYRG) Stock Jumps 5.2%: Will It Continue to Soar?

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MYR Group Becomes a Buffett-Munger Stock

MYR Group Inc. (MYRG) CEO Rick Swartz on Q4 2020 Results - Earnings Call Transcript

Shares of MYR Group (NASDAQ:MYRG) rose in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 40.79% over the past year to $1.07, which beat the estimate of $0.79.

Recap: MYR Group Q4 Earnings

HENDERSON, Colo., March 03, 2021 (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 western Canada, today announced its fourth-quarter and full year 2020 financial results.

MYR Group Inc. Announces Fourth-Quarter and Full Year 2020 Results

MYR Group (NASDAQ:MYRG) will be releasing its next round of earnings this Wednesday, March 03. For all of the relevant information, here is your guide for Wednesday's Q4 earnings announcement.

Earnings Preview: MYR Group

HENDERSON, Colo., Feb. 25, 2021 (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 western Canada, announced it will release its fourth-quarter and full-year 2020 results on Wednesday, March 3, 2021, after the market closes. In conjunction with the release, MYR Group has scheduled a conference call and simultaneous webcast to discuss results on Thursday, March 4, 2021, at 9:00 a.m. Central time.

MYR Group Inc. Announces Fourth-Quarter and Full-Year 2020 Earnings Release and Conference Call Schedule

As of late, it has definitely been a great time to be an investor in MYR Group Inc. (MYRG).

MYR Group's (MYRG) Shares March Higher, Can It Continue?

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MYR Group (MYRG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

MYR Group (MYRG): Strong Industry, Solid Earnings Estimate Revisions

MYR Group Inc. (MYRG) CEO Rick Swartz on Q3 2020 Results - Earnings Call Transcript

MYR (MYRG) delivered earnings and revenue surprises of 27.50% and 8.44%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

MYR Group (MYRG) Tops Q3 Earnings and Revenue Estimates

ROLLING MEADOWS, Ill., Oct. 28, 2020 (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 western Canada, today announced its third-quarter and first nine-months 2020 financial results.

MYR Group Inc. Announces Third-Quarter and First Nine-Months 2020 Results

ROLLING MEADOWS, Ill., Oct. 23, 2020 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR” 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 western Canada, today announced its new share repurchase program (“Repurchase Program”). The Repurchase Program authorizes the Company to repurchase, in the aggregate, up to $50.0 million of its outstanding shares of common stock from time to time on the open market or in privately negotiated transactions in accordance with applicable federal securities laws. The Repurchase Program will expire in one year, or when the authorized funds are exhausted, whichever is earlier. The Company intends to fund the Repurchase Program with cash on hand and through borrowings under its credit facility. The Repurchase Program was authorized by the Board of Directors (the “Board”) on October 22, 2020, and will be effective November 2, 2020.

MYR Group Inc. Announces New $50 Million Share Repurchase Program

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ROLLING MEADOWS, Ill., Oct. 21, 2020 (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 western Canada, announced it will release its third-quarter 2020 results on Wednesday, October 28, 2020, 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 29, 2020, at 9:00 a.m. Central time.

News for MYR Group Stock (MYRG)