Loading...
•
Mar 31, 2020
MYR Group Q1 2020 Earnings Report
Reported a revenue increase of 10.8 percent, along with increases in gross profit, earnings per share, net income and EBITDA.
Key Takeaways
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.
First-quarter revenue increased by 10.8% compared to the first quarter of 2019.
Consolidated gross profit increased by 43.7% from the first quarter of 2019.
Net income attributable to MYR Group Inc. was $9.9 million, or $0.59 per diluted share.
Backlog as of March 31, 2020, was $1.54 billion.
Forward Guidance
Cannot predict the total impact to our future business until the stay-at-home orders are lifted and the economy starts to rebound in the months ahead.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...