MYR Group Inc. reported a strong third quarter in 2025, with revenues reaching $950.4 million, a notable increase from the previous year. The company achieved record quarterly net income of $32.1 million and record quarterly EBITDA of $62.7 million. Both the Transmission and Distribution (T&D) and Commercial and Industrial (C&I) segments contributed to the revenue growth, with gross profit and gross margin also seeing substantial improvements.
MYR Group reported a strong second quarter in 2025, with revenues reaching $900.3 million and a record net income of $26.5 million. The company also achieved a record quarterly EBITDA of $55.6 million and increased its backlog to $2.64 billion. Gross profit and gross margin significantly improved compared to the same period last year, driven by higher margins and revenues.
MYR Group announced its first quarter 2025 financial results, reporting quarterly revenues of $833.6 million, a net income of $23.3 million, and EBITDA of $50.2 million. Backlog stood at $2.64 billion as of March 31, 2025.
MYR Group Inc. reported a decrease in fourth-quarter 2024 revenues and net income compared to the previous year, primarily due to lower revenues from certain clean energy projects in the T&D segment. Despite this, the company saw an overall improvement in performance compared to the third quarter and maintained a healthy backlog, reflecting continued investment in infrastructure.
MYR Group's third-quarter 2024 results showed a decrease in revenue compared to the third quarter of 2023, driven by a decline in the Transmission and Distribution segment. Net income also decreased due to lower gross profit and margin. However, the company's core markets remain active, and bidding activity is robust.
MYR Group reported a decrease in revenue and a net loss for the second quarter of 2024, primarily due to unfavorable clean energy projects within the T&D segment and one project within the C&I segment. Despite these challenges, the core businesses performed well, and the company remains confident in its ability to generate positive returns.
MYR Group's first quarter 2024 saw a slight increase in revenues, with the T&D segment driving growth while the C&I segment experienced a decrease. Consolidated gross profit and gross margin also increased, but net income decreased compared to the first quarter of 2023 due to increased expenses.
MYR Group Inc. announced record fourth-quarter revenues of $1.00 billion and a net income of $24.0 million, or $1.43 per diluted share. The company's backlog remains strong at $2.51 billion, reflecting a healthy bidding environment.
MYR Group reported record third-quarter revenues of $939.5 million, a 17.5% increase compared to Q3 2022. Net income for the quarter was $21.5 million, a 16.7% increase year-over-year. The company's backlog stands at $2.62 billion.
MYR Group Inc. announced strong second-quarter results, achieving record quarterly revenues of $888.6 million and a record backlog of $2.73 billion. Net income for the quarter was $22.3 million, a 13.2% increase year-over-year. The company's performance was driven by growth in both its Transmission and Distribution (T&D) and Commercial and Industrial (C&I) segments, particularly related to clean energy projects.
MYR Group reported a strong first quarter in 2023, with revenues reaching $811.6 million and net income increasing by 12.0% to $23.2 million, or $1.38 per diluted share. The company's backlog reached a record $2.67 billion, positioning it well for future growth, despite a decrease in gross margin due to labor inefficiencies and rising costs.
MYR Group Inc. announced strong fourth-quarter results with record high revenues of $864.0 million and net income of $24.6 million, a 18.8 percent increase over the fourth quarter of 2021.
MYR Group Inc. announced strong Q3 2022 results, marked by record high quarterly revenues of $799.8 million and a record backlog of $2.48 billion. Net income was $18.4 million, or $1.09 per diluted share.
MYR Group Inc. announced strong second-quarter results with record high quarterly revenues of $708.1 million and a net income of $19.7 million, or $1.15 per diluted share. The company's T&D segment saw significant revenue growth, while the C&I segment experienced a decrease. The company also reported a record backlog of $2.44 billion.
MYR Group Inc. reported a strong first quarter in 2022, with revenues of $636.6 million and a record backlog of $2.41 billion. Net income was $20.7 million, or $1.21 per diluted share, and EBITDA reached $39.6 million.
MYR Group Inc. reported a strong fourth quarter with revenues of $646.0 million and net income of $20.7 million, or $1.20 per diluted share. Both revenues and net income increased compared to the same period in 2020. The company's backlog at the end of the fourth quarter was $1.79 billion.
MYR Group's third-quarter 2021 financial results showed a 34.0 percent increase in net income compared to the third quarter of 2020, along with increases in revenues, gross profit and EBITDA.
MYR Group Inc. announced strong second-quarter 2021 financial results, including record high quarterly revenue of $649.6 million and net income of $21.2 million, a 58.5 percent increase over the second quarter of 2020.
MYR Group Inc. announced strong first-quarter 2021 financial results, featuring record high quarterly net income of $19.9 million, or $1.17 per diluted share, and a 14.3% increase in revenues to $592.5 million. The company's backlog remained strong at $1.64 billion.
MYR Group Inc. announced strong fourth-quarter results with record high revenues of $608.0 million and net income attributable to MYR Group Inc. of $18.2 million, or $1.07 per diluted share. The company's backlog remains strong at $1.65 billion.
MYR Group Inc. announced record high quarterly revenues of $607.9 million and net income attributable to MYR Group Inc. of $17.3 million, or $1.02 per diluted share, for the third quarter of 2020. The company's backlog at the end of the third quarter was $1.72 billion.
MYR Group reported a strong second quarter of 2020 with a 14.3% increase in revenue, reaching $513.1 million. The company also saw increases in gross profit, earnings per share, net income, EBITDA, and free cash flow. Backlog reached a record high of $1.55 billion.
MYR Group Inc. announced strong first-quarter 2020 financial results, with revenues of $518.5 million, a 10.8% increase over the first quarter of 2019. The company also reported increases in gross profit, earnings per share, net income, and EBITDA. Backlog in the first quarter was $1.54 billion.
MYR Group reported strong fourth-quarter 2019 results, with revenues of $571.1 million, a 27.9% increase compared to the fourth quarter of 2018. The company's backlog reached a new record high of $1.5 billion. Net income attributable to MYR Group Inc. was $12.8 million, or $0.76 per diluted share.