MYRG
MYR Group Inc.218.18
-2.33-1.06%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms growth; flags cash headwinds.
Q&A largely reaffirmed the scripted optimism on steady bidding and 10% revenue growth at mid-range margins for T&D and C&I, with capacity for acceleration if opportunities arise. Cash flows stayed robust from DSOs in the mid-50s—down from 70—yet fixed-price C&I mix signals potential headwinds ahead. Data center talks stretch past 2027; large transmission additive sans resource strain. Backlog skews longer-duration, less risky than before. Weather tops risks, alongside project timing. Management prioritizes organic and M&A growth over buybacks. Investors watch execution amid selectivity.
Key Stats
Market Cap
3.39BP/E (TTM)
35.36Basic EPS (TTM)
6.17Dividend Yield
0%Recent Filings
8-K
Q4 2025 results posted
MYR Group posted its Q4 2025 investor presentation on March 3, 2026, disclosing record full-year revenue of $3.66B, net income of $118.4M, and $2.82B backlog. T&D hit $2.00B revenue with $1.02B backlog; C&I reached $1.66B revenue and $1.80B backlog. Strong balance sheet supports growth amid data center and electrification demand.
10-K
FY2025 results
MYR Group drove FY2025 revenue to $3.66B, up 8.8% y/y, with C&I surging 11.7% to $1.66B on fixed-price strength while T&D grew 6.5% to $2.00B via transmission and distribution gains. Gross margins leaped to 11.6% from 8.6%, despite 1.4% hit from labor inefficiencies and change orders offset by productivity wins—Q4 momentum shone as C&I projects neared completion at higher margins. Net income hit $118.4M versus $30.3M, fueled by operating leverage. Backlog climbed to $2.82B. Strong cash flow funded $94M capex and $75M buybacks. Yet labor shortages threaten quarterly execution.
8-K
Record 2025 results announced
8-K
Q3 results, $2.66B backlog
MYR Group posted its Q3 2025 investor presentation on November 10, highlighting $950M quarterly revenue, $32.1M net income, and $2.66B backlog. LTM figures show $3.51B revenue, $214.0M EBITDA, and strong T&D ($1.92B) and C&I ($1.59B) growth amid data center and clean energy demand. Balance sheet shines with 0.34x leverage. Shares repurchased: $75M YTD.
10-Q
Q3 FY2025 results
MYR Group posted Q3 revenues of $950.4M, up 7.0% y/y, with gross margin expanding to 11.8% from 8.7% as estimate changes hurt margins less (-0.6% vs -3.9%). Operating income jumped to $46.3M (derived, +127% y/y), diluted EPS $2.05 (+215% y/y, reconciles to 15.631M shares). Both T&D ($503.4M revenue) and C&I ($447.0M) gained traction, fueled by transmission, distribution, and fixed-price work. Cash swelled to $76.2M on $211.7M YTD operating cash flow; total debt $72.0M with $399.8M revolver availability and covenant compliance. Share repurchases hit $75M YTD. Backlog stands firm at $2.66B. Industry stays cutthroat.
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