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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HENDERSON, Colo., Oct. 21, 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 third-quarter and first nine-months 2021 financial results on Wednesday, October 27, 2021, after the market closes. In conjunction with the release, MYR has scheduled a conference call and simultaneous webcast to discuss results on Thursday, October 28, 2021, at 8:00 a.m. Mountain time.

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

MYR (MYRG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

MYR Group (MYRG) Earnings Expected to Grow: What to Know Ahead of Q3 Release

HENDERSON, Colo., Oct. 20, 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 that CSI Electrical Contractors (CSI), an MYR Group subsidiary, has executed a contract with a renewable energy developer for a large scale solar project located in California. The project consists of 110MWDC photovoltaic (PV) solar and 280MWh battery energy storage system (BESS). The contract is valued in excess of $100 million.

MYR Group Inc. Subsidiary CSI Electrical Contractors Awarded a Large Solar EPC Contract

HENDERSON, Colo., Sept. 09, 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 attend the D.A. Davidson 20th Annual Diversified Industrials & Services Conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Betty Johnson, will virtually meet with institutional investors during the conference on Thursday, September 23, 2021. This event will only be available to D.A. Davidson clients.

MYR Group Inc. to Attend D.A. Davidson Virtual Investor Conference

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In the latest trading session, MYR Group (MYRG) closed at $109.79, marking a +0.93% move from the previous day.

MYR Group (MYRG) Gains As Market Dips: What You Should Know

MYR (MYRG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

MYR (MYRG) Soars to 52-Week High, Time to Cash Out?

HENDERSON, Colo., Sept. 01, 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 attend Morgan Stanley's Virtual 9th Annual Laguna Conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Betty Johnson, will virtually meet with institutional investors during the conference on Monday, September 13, 2021. This event is only available to Morgan Stanley clients.

MYR Group Inc. to Attend Morgan Stanley Virtual Investor Conference

MYR Group continues to post record results with little bravado despite growing opportunities. Investments in infrastructure continue and are set to grow significantly with passage of the $1.2T bipartisan infrastructure plan.

Hidden Gem: MYR Group Continues Upward March With Another Earnings Beat

MYR Group Inc. (MYRG) CEO Richard Swartz on Q2 2021 Results - Earnings Call Transcript

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5 Strong Buy Stocks Promising Solid Relative Price Strength

MYR (MYRG) delivered earnings and revenue surprises of 20.39% and 15.37%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

MYR Group (MYRG) Tops Q2 Earnings and Revenue Estimates

Shares of MYR Group (NASDAQ:MYRG) were flat in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 55.00% year over year to $1.24, which beat the estimate of $0.95.

MYR Group: Q2 Earnings Insights

HENDERSON, Colo., July 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 second-quarter and first-half 2021 financial results.

MYR Group Inc. Announces Second-Quarter and First-Half 2021 Results

Does MYR Group (MYRG) have what it takes to be a top stock pick for momentum investors? Let's find out.

MYR Group (MYRG) is a Great Momentum Stock: Should You Buy?

MYR Group (NASDAQ:MYRG) unveils its next round of earnings this Wednesday, July 28. Here is Benzinga's everything-that-matters guide for the earnings announcement.

MYR Group's Earnings Outlook

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MYR Group's (MYRG) earnings are likely to have gained from better year-over-year contribution from commercial & industrial segments, and its expertise in providing customized solutions to customers.

MYR Group (MYRG) to Report Q2 Earnings: What's in Store?

HENDERSON, Colo., July 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 second-quarter and first-half 2021 results on Wednesday, July 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, July 29, 2021, at 8:00 a.m. Mountain time.

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

MYR (MYRG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can MYR (MYRG) Keep the Earnings Surprise Streak Alive?

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HENDERSON, Colo., June 15, 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 attend Sidoti's June 2021 Virtual Small Cap Conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Betty Johnson, will virtually meet with institutional investors during the conference on Thursday, June 24, 2021. This will only be available to Sidoti clients.

MYR Group Inc. to Attend the June 2021 Sidoti Virtual Small Cap Conference

MYR (MYRG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

MYR (MYRG) Upgraded to Strong Buy: What Does It Mean for the Stock?

MYR Group is an under-the-radar infrastructure company that is poised to benefit from cyclical and secular tailwinds. The Company is posting record revenue and profits in advance of what may be the largest infrastructure spending in generations.

News for MYR Group Stock (MYRG)