THORNTON, Colo., July 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 second-quarter 2024 results on Wednesday, July 31, 2024, after the market closes. In conjunction with the release, MYR Group has scheduled a conference call and simultaneous webcast to discuss results on Thursd ...

Arctic-Images Synopsis MYR Group (NASDAQ:MYRG) is a leading specialty contractor in the US and Canada that operates in the commercial, industrial, and electric utility infrastructure sectors. Over the last three years, MYRG’s contract revenue has shown consistent growth. However, its margins over the same period have been contracting, but I do note that they were modest. Currently, there is a shift in the energy generation mix in the US and Canada, and this shift is anticipated to bolster MYRG’s outlook ...

THORNTON, Colo., May 15, 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 participate in the 2024 Sidoti Small Cap Conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet virtually with institutional investors during the Sidoti Small C ...

THORNTON, Colo., May 13, 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 Wells Fargo Industrials Conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the Wells Fargo Industrials i ...

THORNTON, Colo., May 06, 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 a new share repurchase program ("Repurchase Program"). The Repurchase Program authorizes the Company to repurchase, in the aggregate, up to $75.0 million of its outstanding shares of common stock from time to ...

财务数据和关键指标变化 - 第一季度收入为8.16亿美元,较去年同期增加0.5% [1][2] - 毛利率为10.6%,较去年同期上升0.2个百分点,主要由于生产效率提高、合资企业业绩良好、变更订单和项目结算利润较好 [2] - 净利润为1900万美元,较去年同期下降17%,每股收益为1.12美元,较去年同期下降18.8% [2] - EBITDA为4000万美元,较去年同期下降2.4% [2] - 经营活动现金流为800万美元,较去年同期下降78.4%,主要由于应收账款周转天数增加和资本支出增加 [2] 各条业务线数据和关键指标变化 - 输电和配电(T&D)业务收入为4.9亿美元,较去年同期增加10%,其中输电业务收入3.14亿美元,配电业务收入1.76亿美元 [2] - 商业和工业(C&I)业务收入为3.25亿美元,较去年同期下降11%,主要由于某些项目延期开始 [2] - T&D业务毛利率为6.1%,较去年同期下降1.3个百分点,主要由于劳动力和项目效率问题,以及天气因素和变更订单的不利影响 [2] - C&I业务毛利率为3.5%,较去年同期上升0.6个百分点,主要由于生产效率提高、合资企业业绩良好和变更订单利润较好 [2] 各个市场数据和关键指标变化 - 输电和配电市场需求强劲,预计未来10年内将有3500亿美元投资于输电基础设施,5800亿美元投资于配电基础设施 [1][2] - 数据中心、交通运输、制造业和医疗保健等核心市场需求持续增长,带动了C&I业务的需求 [3][4] - 太阳能市场竞争激烈,公司将选择性地参与,不会接受低于成本加合理利润的项目 [2][5] 公司战略和发展方向及行业竞争 - 公司专注于安全和优质项目执行,通过长期客户关系和选择性地捕捉新机会来实现增长 [1][2] - 公司在T&D和C&I两大业务领域保持领先地位,在核心市场拥有丰富经验和良好客户关系 [3][4] - 公司将继续发展和赋能员工,以支持公司的增长 [1] - 行业前景良好,公司有信心把握未来的增长机会 [1][2] 管理层对经营环境和未来前景的评论 - 公司保持稳健的市场地位、运营一致性和长期客户关系,第一季度表现稳定 [1] - 电网基础设施投资和清洁能源转型为T&D业务带来持续机遇 [1][2] - C&I业务的核心市场需求持续增长,为公司带来良好前景 [3][4] - 公司将继续专注于为客户提供安全可靠的项目执行,并发展和赋能员工 [1][2] - 2024年代表了公司发展的良好机遇 [4]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-08325 _____________________________________________________________ MYR GROUP INC. (Exact name of registrant as specified ...

Exhibit 99.1 MYR Group Inc. Announces First-Quarter 2024 Results Thornton, Colo., May 1, 2024 – 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. Highlights for First Quarter 2024 • Quarterly revenues of $815.6 million • Quarterly net income of $18.9 million, or $1.12 per diluted share • ...

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 Ba ...

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 B ...