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 (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.

After Plunging 12.6% in 4 Weeks, Here's Why the Trend Might Reverse for MYR (MYRG)

MYR (MYRG) delivered earnings and revenue surprises of 17.48% and 5.21%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

MYR Group (MYRG) Q1 Earnings and Revenues Surpass Estimates

HENDERSON, Colo., April 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 first-quarter 2022 financial results.

MYR Group Inc. Announces First-Quarter 2022 Results

HENDERSON, Colo., April 21, 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 first-quarter 2022 results on Wednesday, April 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, April 28, 2022, at 9:00 a.m. Central time.

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

HENDERSON, Colo., April 20, 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 Oppenheimer's virtual investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Betty Johnson, will virtually meet with institutional investors during Oppenheimer's 17th Annual Industrial Growth Conference on Wednesday, May 4, 2022. This event is only available to Oppenheimer clients.

MYR Group Inc. to Participate in Oppenheimer's 17th Annual Industrial Growth Conference

HENDERSON, Colo., April 14, 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 that MYR Energy Services, Inc. (MYRE), an MYR Group subsidiary, has executed a contract with Con Edison Clean Energy Businesses, Inc. (ConEdison CEB) for the Timberland Solar Project located in Georgia. The project consists of 194MWdc/140MWac utility-scale photovoltaic (PV) solar development and new 345kV substation. The contract is valued in excess of $100 million.

MYR Group Inc. Subsidiary Awarded Timberland Solar Project with ConEdison

HENDERSON, Colo., March 16, 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 UBS and Sidoti & Company virtual investor conferences. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Betty Johnson, will virtually meet with institutional investors during the UBS 16th Annual Engineering, Infrastructure, and Construction conference on Tuesday, March 22, 2022. This event is only available to UBS clients. They will also virtually meet with institutional investors during Sidoti & Company's Virtual Small Cap conference on Wednesday, March 23 and Thursday, March 24, 2022. This event is only available to Sidoti clients.

MYR Group Inc. to Attend UBS and Sidoti Virtual Investor Conferences in March

Last time (August 2021), we wrote investors won +10.7% in 9 market days, a CAGR of over 1600%. Just a wiggle? Since then, it's been up another +10% and back.

MYR Group: Here Identifying Likely Near-Term Capital Gains Seen By Institutions, Market-Makers

MYR Group Inc. (MYRG) CEO Richard Swartz on Q4 2021 Results - Earnings Call Transcript

MYR (MYRG) delivered earnings and revenue surprises of 7.14% and 6.55%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

MYR Group (MYRG) Q4 Earnings and Revenues Surpass Estimates

HENDERSON, Colo., Feb. 23, 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 fourth-quarter and full year 2021 financial results.

MYR Group Inc. Announces Fourth-Quarter and Full Year 2021 Results

HENDERSON, Colo., Feb. 17, 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 it will release its fourth-quarter and full year 2021 financial results on Wednesday, February 23, 2022, after the market closes. In conjunction with the release, MYR has scheduled a conference call and simultaneous webcast to discuss results on Thursday, February 24, 2022, at 8:00 a.m. Mountain time.

MYR Group Inc. Announces Fourth-Quarter and Full Year 2021 Earnings Release and Conference Call Schedule

MYR Group's (MYRG) unit MYR Group Construction Canada acquires Powerline Plus Companies. This further expands MYRG's Transmission and Distribution operations in Canada.

MYR Group (MYRG) Arm Buys Powerline Plus, Expands in Canada

HENDERSON, Colo., Jan. 04, 2022 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR” or “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 that its Canadian subsidiary, MYR Group Construction Canada, Ltd. has acquired all issued and outstanding shares of capital stock of Powerline Plus Ltd. and its affiliate (collectively, the “Powerline Plus Companies”). The Powerline Plus Companies together comprise a leading full-service electrical distribution construction company, founded in 1990 and headquartered in Toronto, Ontario. Over the last two years, the combined average annual revenues of the Powerline Plus Companies were approximately $80 million.

MYR Group Acquires Powerline Plus Companies

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

Is MYR Group (MYRG) Stock Outpacing Its Utilities Peers This Year?

HENDERSON, Colo., Nov. 17, 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 Credit Suisse 9th Annual Industrials 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 Wednesday, December 1, 2021. This event is only available to Credit Suisse clients.

MYR Group Inc. to Attend Credit Suisse 9th Annual Industrials Conference

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) Hits 52-Week High, Can the Run Continue?

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HENDERSON, Colo., Oct. 29, 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 Baird's 2021 Global Industrial 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 Tuesday, November 9, 2021. This event is only available to Baird's clients.

MYR Group Inc. to Attend Baird 2021 Global Industrial Virtual Investor Conference

MYR Group's (MYRG) CEO Rick Swartz on Q3 2021 Results - Earnings Call Transcript

MYR (MYRG) delivered earnings and revenue surprises of 25.00% and -2.25%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

MYR Group (MYRG) Beats Q3 Earnings Estimates

MYR Group (NASDAQ:MYRG) reported its Q3 earnings results on Wednesday, October 27, 2021 at 04:05 PM. Here's what investors need to know about the announcement.

Recap: MYR Group Q3 Earnings

HENDERSON, Colo., Oct. 27, 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 third-quarter and first nine-months 2021 financial results.

MYR Group Inc. Announces Third-Quarter and First Nine-Months 2021 Results

MYR (MYRG) Hits Fresh High: Is There Still Room to Run?

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.

News for MYR Group Stock (MYRG)