MYRG

THORNTON, Colo., July 15, 2026 (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 2026 results on Wednesday, July 29, 2026, 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 30, 2026, at 8 a.m. Mountain Time. Participants may access the audio-only webcast of the conference call from the Investors page of MYR Group’s website at myrgroup.com. A replay of the webcast will be available for seven days. About MYR Group Inc. MYR Group is a holding company of leading, specialty electrical contractors providing services throughout the United States and Canada through two business segments: Transmission & Distribution (T&D) and Commercial & Industrial (C&I). MYR Group subsidiaries have the experience and expertise to complete electrical installations of any type and size. Through their T&D segment they provide services on electric transmission, distribution networks, substation facilities, clean energy projects, and electric vehicle charging infrastructure. Their comprehensive T&D services include design, engineering, procurement, construction, upgrade, maintenance, and repair services. T&D customers include investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. Through their C&I segment, they provide a broad range of services which include the design, installation, maintenance, and repair of commercial and industrial wiring generally for data centers, clean energy projects, airports, hospitals, hotels, commercial and industrial facilities, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization, stadiums and electric vehicle charging infrastructure. C&I customers include general contractors, commercial and industrial facility owners, government agencies, and developers. For more information, visit myrgroup.com. ContactJennifer Harper, Vice President, Investor Relati...

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. The model fair value for MYR Group is held at US$455.0 per share, even as Street price targets have been shifting. Recent research has featured a mix of sharply higher targets, with moves of US$100, US$70, US$50 and US$46, alongside at least one downgrade on valuation, giving you a split picture to weigh. Ahead, you will see how these moving targets fit with the latest earnings, backlog data, and deal activity so you can track the evolving story with more context. Wall Street's queuing for one rocket. While SpaceX counts down to its IPO, other companies tied to the new space race are already in orbit. → 20 Compelling Space Companies watchlist · Global Space Race Investing Ideas screener · Scan the sector by valuation on Rocket Lab's valuation page. Clear Street has made several large upward revisions to its MYR Group price target, including a move to US$500 from US$400, reflecting confidence in the company’s positioning. Clear Street highlights MYR Group’s growing backlog and ongoing work for recurring customers, which the firm views as supportive for longer term project visibility. Oppenheimer points to what it describes as an undeniably strong backdrop for electrical T&D services, where it sees MYR Group as capably positioned. It also calls out the C&I segment tied to data centers and other complex projects as attractive over the long run. Kansas City Capital has downgraded MYR Group on valuation, signaling concern that the stock’s pricing has become less attractive relative to its view of fundamentals. Oppenheimer, while constructive on the industry setup, flags MYR Group’s modest valuation premium versus peer averages and notes that investors should watch the puts and takes in T&D margins and relative upside to 2026 consensus estimates. Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives! We've flagged 1 risk for MYR Group. See which could impact your investment. Fair value is held at US$455.0 per share, with no change from the prior estimate. Revenue growth assumption is effectively unchanged at about 10.76%. Net profit margin assumption is effectively unchanged at about 4.87%. Future P/E multiple is adjusted slightly from 34.7...

Looking back on construction and maintenance services stocks’ Q1 earnings, we examine this quarter’s best and worst performers, including MYR Group (NASDAQ:MYRG) and its peers. Construction and maintenance services companies not only boast technical know-how in specialized areas but also may hold special licenses and permits. Those who work in more regulated areas can enjoy more predictable revenue streams - for example, fire escapes need to be inspected every five years. More recently, services to address energy efficiency and labor availability are also creating incremental demand. But like the broader industrials sector, construction and maintenance services companies are at the whim of economic cycles as external factors like interest rates can greatly impact the new construction that drives incremental demand for these companies’ offerings. The 10 construction and maintenance services stocks we track reported a very strong Q1. As a group, revenues beat analysts’ consensus estimates by 4.7% while next quarter’s revenue guidance was in line. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 7.5% since the latest earnings results. Constructing electrical and phone lines in the American Midwest dating back to the 1890s, MYR Group (NASDAQ:MYRG) is a specialty contractor in the electrical construction industry. MYR Group reported revenues of $1 billion, up 20% year on year. This print exceeded analysts’ expectations by 7.5%. Overall, it was an incredible quarter for the company with a beat of analysts’ EPS and EBITDA estimates. Interestingly, the stock is up 32% since reporting and currently trades at $445.70. Is now the time to buy MYR Group? Access our full analysis of the earnings results here, it’s free. Formed through the merger of 12 companies, Comfort Systems (NYSE:FIX) provides mechanical and electrical contracting services. Comfort Systems reported revenues of $2.87 billion, up 56.5% year on year, outperforming analysts’ expectations by 19.5%. The business had an incredible quarter with a beat of analysts’ EPS and EBITDA estimates. Comfort Systems achieved the biggest analyst estimate beat and fastest revenue growth among its peers. The market seems content with the results as the stock is up 1.2% since reporting. It currently trades at $1,795. Is now the time to buy Comfort Systems? Access our full a...

Image source: The Motley Fool. Thursday, October 30, 2025 at 10 a.m. ET President and Chief Executive Officer — Richard Swartz Senior Vice President and Chief Financial Officer — Kelly Huntington Senior Vice President and Chief Operating Officer, Transmission and Distribution — Brian Stern Senior Vice President and Chief Operating Officer, Commercial and Industrial — Don Egan Jennifer Harper: Thank you, and good morning, everyone. I would like to welcome you to the MYR Group conference call to discuss the company's third quarter results for 2025, which were reported yesterday. Joining us on today's call are Rick Swartz, President and Chief Executive Officer; Kelly Huntington, Senior Vice President and Chief Financial Officer; Brian Stern, Senior Vice President and Chief Operating Officer of MYR Group's Transmission and Distribution segment; and Don Egan, Senior Vice President and Chief Operating Officer of MYR Group's Commercial and Industrial segment. A copy of yesterday's press release is available on the MYR Group website at myrgroup.com under the Investors tab. A webcast replay of today's call will be available on the website for 7 days following the call. Please note today's discussion may contain forward-looking statements. Any such statements are based upon information available to MYR Group's management as of this date, and MYR Group assumes no obligation to update any such forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Accordingly, these statements are no guarantee of future performance. For more information, please refer to the risk factors discussed in the company's most recently filed annual report on Form 10-K and quarterly report on Form 10-Q and in yesterday's press release. Certain non-GAAP financial measures will also be presented. A reconciliation of these non-GAAP measures to the most comparable GAAP measures is set forth in yesterday's press release. With that, let me turn the call over to Rick Swartz. Richard Swartz: Thanks, Jennifer. Good morning, everyone. Welcome to our third quarter 2025 conference call to discuss financial and operational results. I will begin by providing a summary of the third quarter results and then we'll turn the call over to Kelly Huntington, our Chief Financial Officer, for a...

Image source: The Motley Fool. Thursday, July 31, 2025 at 10 a.m. ET President and Chief Executive Officer — Richard S. Swartz Senior Vice President and Chief Financial Officer — Kelly Michelle Huntington Senior Vice President and Chief Operating Officer, T&D — Brian K. Stern Senior Vice President and Chief Operating Officer, C&I — Don A. Egan Jennifer L. Harper: Thank you, and good morning, everyone. I would like to welcome you to the MYR Group conference call to discuss the company's second quarter results for 2025, which were reported yesterday. Joining us on today's call are Rick Swartz, President and Chief Executive Officer; Kelly Huntington, Senior Vice President and Chief Financial Officer; Brian Stern, Senior Vice President and Chief Operating Officer of MYR Group's Transmission and Distribution segment; and Don Egan, Senior Vice President and Chief Operating Officer of MYR Group's Commercial and Industrial segment. A copy of yesterday's press release is available on the MYR Group website at myrgroup.com under the Investors tab. A webcast replay of today's call will be available on the website for seven days following the call. Before we begin, I want to remind you that this discussion may contain forward-looking statements. Any such statements are based upon information available to MYR Group's management as of this date, and MYR Group assumes no obligation to update any such forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Accordingly, these statements are no guarantee of future performance. These risks and uncertainties are discussed in the company's annual report on Form 10-K for the year ended December 31, 2024, the company's quarterly report on Form 10-Q for the second quarter of 2025 and in yesterday's press release. We also present certain non-GAAP financial measures. A reconciliation of these non-GAAP measures to the most comparable GAAP measures is set forth in yesterday's press release. With that, let me turn the call over to Rick Swartz. Richard S. Swartz: Thanks, Jennifer. Good morning, everyone. Welcome to our second quarter 2025 conference call to discuss financial and operational results. I will begin by providing a summary of the second quarter results, and then will turn the call over to Kelly Hunting...

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. MYR Group (NasdaqGS:MYRG) reported record quarterly revenue, income, and backlog in its latest results. Management raised full year revenue growth and margin targets for both business segments. The company highlighted strong demand in data center, grid modernization, and broader infrastructure projects. MYR Group is putting capital toward prefabrication, M&A, and share repurchases to support its growth plans. For investors watching MYR Group at a share price of $433.49, the fresh records in revenue, income, and backlog come alongside substantial recent share gains. The stock is up 27.8% over the past week, 49.8% over the past month, 91.2% year to date, 180.4% over the past year, 219.0% over three years, and 425.0% over five years. These returns describe a company that the market has rewarded as it builds a larger role in power and infrastructure projects. The raised outlook and increased investment in areas like prefabrication and M&A indicate a company leaning into demand tied to electrification and data centers. For readers, this update is an opportunity to reassess how MYR Group’s expanding backlog and capital allocation choices fit into a broader portfolio, especially if you are following trends in grid upgrades and critical infrastructure. Stay updated on the most important news stories for MYR Group by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on MYR Group. See which insiders are buying and buying and selling MYR Group following this latest news. MYR Group’s first quarter numbers give investors a clear data point on why the share price has reacted so strongly. Sales of US$1,000.38 million compared with US$833.62 million a year earlier, and net income of US$46.8 million compared with US$23.31 million, show that higher revenue is coming through to the bottom line. Basic EPS from continuing operations of US$3.01 compared with US$1.46, and an operating margin of 6.5% versus 4.1% last year, point to improved project mix and execution in both Transmission and Distribution and Commercial and Industrial work. With record backlog and management lifting full year revenue growth expectations to about 12% while targeting higher operating margins, the company is...

Image source: The Motley Fool. Thursday, Apr. 30, 2026 at 10 a.m. ET President and Chief Executive Officer — Richard Swartz Chief Financial Officer — Kelly Huntington Chief Operating Officer, Transmission and Distribution — Brian Stern Chief Operating Officer, Commercial and Industrial — Don Egan Richard Swartz: Thanks, Jennifer. Good morning, everyone. Welcome to our first quarter 2026 conference call to discuss financial and operational results. I will begin by providing a summary of the first quarter results and then turn the call over to Kelly Huntington, our Chief Financial Officer, for a detailed financial review. Following Kelly's overview, Brian Stern and Don Egan, Chief Operating Officers for our T&D and C&I segments, will provide a summary of our segment's performance and discuss some of MYR Group's opportunities going forward. I will then conclude today's call with some closing remarks and open the call up for your questions. We delivered strong financial results in the first quarter, supported by ongoing work with long-term customers and the selective pursuit of new opportunities while continuing to expand customer relationships. Quarterly results reflect strong bidding activity and continued infrastructure investment to support electrification needs across our business segments. We continue to monitor project opportunities and remain focused on disciplined project execution. Safe, reliable delivery and strong customer relationships remain central to our operations. Our teams are focused on understanding our customers' requirements, maintaining clear communication and producing consistent results. I'm proud of our teams for their continued dedication to quality, safety and collaboration. Now Kelly will provide details on our first quarter 2026 financial results. Kelly Huntington: Thank you, Rick, and good morning, everyone. Our first quarter 2026 revenues were $1 billion, which represents an increase of $167 million or 20% compared to the same period last year. Our first quarter T&D revenues were $541 million, an increase of 17% compared to the same period last year. T&D segment revenues increased primarily due to higher revenue on unit price and T&E contracts, partially offset by a decrease in revenue on fixed price contracts. Work performed under master service agreements increased to approximately 70% of our T&D revenues. C&I revenues were $45...

MYR reported record Q1 results with revenue up 20% to $1.0 billion, gross margin rising to 13.4%, quarterly net income of $47 million and diluted EPS of $2.99, while EBITDA reached a record $82 million. Total backlog hit a record $2.84 billion and liquidity remains strong with $163 million in cash, only $9 million of funded debt, $460 million available on the credit facility and a funded-debt-to-EBITDA leverage of 0.04x. Management raised its margin profile and now expects about 12-ish% revenue growth for the year, targeting C&I operating margins of 6%–9% and T&D margins of 8%–11%, while continuing investments in prefabrication and evaluating M&A and share repurchases amid strong demand from data centers and grid modernization. Interested in MYR Group, Inc.? Here are five stocks we like better. Construction activity suddenly booming, 3 stocks you can't miss MYR Group (NASDAQ:MYRG) reported record first-quarter 2026 results, pointing to higher revenue, expanding margins, and a record backlog as continued infrastructure investment and customer demand supported both of its operating segments. Senior Vice President and Chief Financial Officer Kelly M. Huntington said first-quarter revenue rose to $1.0 billion, up $167 million, or 20%, from the same period last year. Gross margin increased to 13.4% from 11.6%, which Huntington attributed primarily to “a larger portion of our projects progressing at higher contractual margins, some of which are nearing completion,” along with “better-than-anticipated productivity, favorable change orders, and a favorable job closeout.” She noted those benefits were partially offset by higher costs tied to inefficiencies on certain projects. → Palantir Is Down 30%: Noise? Or a Signal to Accumulate? Net income was a quarterly record $47 million, up from $23 million a year earlier, while diluted EPS increased to $2.99 from $1.45. EBITDA was also a record $82 million, compared with $50 million in the prior-year period. Huntington said SG&A expense rose to $69 million, up about $7 million year over year, driven mainly by “higher employee incentive compensation costs and employee-related expenses to support future growth.” Transmission & Distribution (T&D) revenue increased to $541 million, up 17% year over year. Huntington said the increase was largely due to higher revenue on unit price and time-and-materials work, partially offset by...

THORNTON, Colo., April 29, 2026 (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 Canada, announced today its first-quarter 2026 financial results. Highlights for First Quarter 2026 Quarterly revenues of $1.00 billion Record quarterly net income of $46.8 million, or $2.99 per diluted share Record quarterly EBITDA of $81.5 million Record backlog of $2.84 billion Management Comments Rick Swartz, MYR’s President and CEO, said, “We started the year with strong momentum, delivering year-over-year increases in revenue and gross profit, along with record quarterly net income, EBITDA, and backlog. By deepening relationships with strategic customers and continuing to invest in expanding our geographic footprint and market reach, we are creating meaningful long-term growth opportunities and strengthening our competitive position. We believe our solid financial performance, disciplined execution, and favorable market outlook position us well to sustain this momentum through the remainder of 2026.” First Quarter Results MYR reported first-quarter 2026 revenues of $1.00 billion, an increase of $166.8 million, compared to the first quarter of 2025. Specifically, our Transmission and Distribution (“T&D”) segment reported quarterly revenues of $541.0 million, an increase of $79.2 million, from the first quarter of 2025, due to increases in revenue on unit price contracts and T&E contracts, partially offset by a decrease in revenue on fixed price contracts. Our Commercial and Industrial (“C&I”) segment reported quarterly revenues of $459.4 million, an increase of $87.6 million, from the first quarter of 2025, primarily due to an increase in revenue on fixed priced contracts. Consolidated gross profit increased to $134.4 million in the first quarter of 2026, compared to $96.9 million for the first quarter of 2025. The increase in gross profit was due to higher margin and revenues. Gross margin increased to 13.4 percent for the first quarter of 2026 from 11.6 percent for the first quarter of 2025. The increase in gross margin was primarily due to a larger portion of our projects progressing at higher contractual margins, some of which are nearing completion. In the first quarter of 2026...

THORNTON, Colo. (AP) — THORNTON, Colo. (AP) — MYR Group Inc. (MYRG) on Wednesday reported net income of $46.8 million in its first quarter. On a per-share basis, the Thornton, Colorado-based company said it had profit of $2.99. The electrical construction services provider posted revenue of $1 billion in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MYRG at https://www.zacks.com/ap/MYRG

MYR Group (MYRG) came out with quarterly earnings of $2.99 per share, beating the Zacks Consensus Estimate of $2.09 per share. This compares to earnings of $1.45 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +43.41%. A quarter ago, it was expected that this electrical construction services provider would post earnings of $1.73 per share when it actually produced earnings of $2.33, delivering a surprise of +34.68%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. MYR, which belongs to the Zacks Electric Construction industry, posted revenues of $1 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 5.63%. This compares to year-ago revenues of $833.62 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. MYR shares have added about 51.5% since the beginning of the year versus the S&P 500's gain of 4.3%. While MYR has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for MYR was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) sto...

MYR (MYRG) reported Q1 net income late Wednesday of $2.99 per diluted share, up from $1.45 a year ea