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Jun 30, 2021
MYR Group Q2 2021 Earnings Report
Reported record high quarterly revenue, net income, EBITDA and EPS.
Key Takeaways
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.
Record high quarterly revenues of $649.6 million
Record high quarterly net income of $21.2 million, or $1.24 per diluted share
Record high quarterly EBITDA of $41.2 million
Strong backlog of $1.57 billion
Forward Guidance
MYR is focused on implementing targeted strategies to expand customer relationships, develop innovative practices, and capture market opportunities.
Positive Outlook
- Ability to leverage the full capabilities of MYR Group companies across geographies and markets uniquely positions us for continued success.
- A number of important market drivers continue to provide MYR with future growth opportunities including grid modernization
- Electrification
- Clean energy
- Implementing targeted strategies to expand customer relationships
Historical Earnings Impact
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Avg. Return Before/After Earnings
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