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Jun 30, 2022
MYR Group Q2 2022 Earnings Report
Reported record high quarterly revenues and EBITDA, demonstrating strength in served markets.
Key Takeaways
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.
Achieved record high quarterly revenues of $708.1 million.
Reported net income of $19.7 million, with earnings per diluted share of $1.15.
Attained record high quarterly EBITDA of $43.9 million.
Reached a record backlog of $2.44 billion.
Forward Guidance
The Transmission and Distribution (“T&D”) and Commercial and Industrial (“C&I”) markets are seeing long-term sustained investment, presenting exciting opportunities for future growth.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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