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. (NASDAQ:MYRG ) Q1 2024 Results Conference Call May 2, 2024 10:00 AM ET Company Participants David Gutierrez - Investor Relations, Dresner Corporate Services Rick Swartz - President and Chief Executive Officer Kelly Huntington - Chief Financial Officer Brian Stern - SVP and COO of MYR Group's Transmission & Distribution Segment Don Egan - SVP and COO, Commercial & Industrial Segment Conference Call Participants Ati Modak - Goldman Sachs Brian Brophy - Stifel Sangita Jain - KeyBanc Capital Markets Justin Hauke - Baird Jon Braatz - KCCA Operator Good morning, everyone, and welcome to the MYR Group First Quarter 2024 Earnings Results Conference Call. Today's conference is being recorded.

MYR Group Inc. (MYRG) Q1 2024 Earnings Call Transcript

THORNTON, Colo., May 01, 2024 (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 2024 financial results.

MYR Group Inc. Announces First-Quarter 2024 Results

THORNTON, Colo., April 29, 2024 (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 2024 Baird Global Consumer, Technology & Services Conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the Baird Global Consumer, Technology & Services investor conference on Tuesday, June 4, 2024, in New York. This event is only available to Baird clients.

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

THORNTON, Colo., April 23, 2024 (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 2024 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 Wednesday, May 29, 2024. This event is only available to KeyBanc Capital Markets clients.

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

THORNTON, Colo., April 17, 2024 (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 2024 results on Wednesday, May 1, 2024, after the market closes. In conjunction with the release, MYR Group has scheduled a conference call and simultaneous webcast to discuss results on Thursday, May 2, 2024, at 8:00 a.m. Mountain time.

MYR Group Inc. Announces First-Quarter 2024 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.

Earnings Preview: MYR Group (MYRG) Q1 Earnings Expected to Decline

THORNTON, Colo., April 09, 2024 (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 19th Annual Industrial Growth Conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet virtually with institutional investors during Oppenheimer's industrial growth conference on Wednesday, May 8, 2024. This event is only available to Oppenheimer clients.

MYR Group Inc. to Participate in Oppenheimer Investor Conference in May

MYR Group's 2023 revenue, EBITDA, EPS, and backlog each rose as the company continued to benefit from growing demand. The Company benefits from the clean energy transition, the need to improve the grid, and expected increasing electricity consumption, all of which are multi-year trends in my view. I rate MYRG a 'Buy', and I would own it in a diversified portfolio.

MYR Group: Demand Tailwinds And EPS Growth

MYR Group Inc. (MYRG) Q4 2023 Earnings Call Transcript

THORNTON, Colo., Feb. 28, 2024 (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 2023 financial results.

MYR Group Inc. Announces Fourth-Quarter and Full Year 2023 Results

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THORNTON, Colo., Feb. 14, 2024 (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 2023 results on Wednesday, Feb. 28, 2024, after the market closes. In conjunction with the release, MYR Group has scheduled a conference call and simultaneous webcast to discuss results on Thursday, Feb. 29, 2024, at 8:00 a.m. Mountain time.

MYR Group Inc. Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call Schedule

THORNTON, Colo., Feb. 07, 2024 (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 Small-Cap virtual 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 March Small-Cap Conference on Wednesday, March 13, 2024. This event is only available to Sidoti clients.

MYR Group Inc. to Participate in Sidoti Small-Cap Investor Conference in March

THORNTON, Colo., Jan. 25, 2024 (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, Tod M. Cooper will retire from his position as Senior Vice President and Chief Operating Officer of MYR Group's Transmission & Distribution (“T&D”) segment and transition the role to Brian K. Stern, effective March 1, 2024. Mr. Cooper will remain in a senior role with the Company with a focus on leadership development, strategic initiatives, and client development.

MYR Group Inc. Announces Senior Leadership Succession Plan

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THORNTON, Colo., Nov. 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 participate in the Sidoti Small-Cap virtual investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the 2023 Sidoti Small-Cap Virtual Conference on Wednesday, Dec. 6, 2023. This event is only available to Sidoti clients.

MYR Group Inc. to Participate in Sidoti Small-Cap Investor Conference in December

THORNTON, Colo., Oct. 25, 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 third-quarter and first nine-months 2023 financial results.

MYR Group Inc. Announces Third-Quarter and First Nine-Months 2023 Results

THORNTON, Colo., Oct. 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 attend the Baird Global Industrial investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the 2023 Baird Global Industrial Conference on Thursday, Nov. 9, 2023, in Chicago. This event is only available to Baird clients.

MYR Group Inc. to Attend Baird Global Industrial Investor Conference in October

THORNTON, Colo., Oct. 11, 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 third-quarter 2023 results on Wednesday, Oct. 25, 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, Oct. 26, 2023, at 9:00 a.m. Central time.

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

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MYR Group is a low-margin, high-capital turnover business operating in the electric utility infrastructure and construction markets. The company had record sales and backlog in H1 FY'23, indicating strong demand and growth potential. MYRG's economic value is demonstrated by its high returns on capital and capital efficiency, allowing for potential future growth and shareholder returns.

MYR Group: Classic Low-Margin, High Capital Turnover Business With Production Advantages

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

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

THORNTON, Colo., Aug. 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 KeyBanc Capital Markets virtual investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will virtually meet with institutional investors during the Inaugural Energy Transition Symposium virtual conference on Thursday, Sept. 21, 2023. This event is only available to KeyBanc clients.

MYR Group Inc. to Attend KeyBanc Capital Markets Investor Conference in September

THORNTON, Colo., Aug. 22, 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 D.A. Davidson Equity Capital Markets Group investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the 22nd Annual Diversified Industrials & Services Conference on Friday, Sept. 22, 2023, in Nashville, Tenn. This event is only available to D.A. Davidson clients.

MYR Group Inc. to Attend D.A. Davidson Investor Conference in September

THORNTON, Colo., Aug. 21, 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 15th Annual September 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 September conference on Wednesday, Sept. 20, 2023. This event is only available to Sidoti clients.

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