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Sep 30, 2020
MYR Group Q3 2020 Earnings Report
MYR Group reported record high quarterly revenues and net income, driven by strong performance in both T&D and C&I segments.
Key Takeaways
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.
Record high quarterly revenues of $607.9 million for Q3 2020.
Record high quarterly net income attributable to MYR Group Inc. of $17.3 million, or $1.02 per diluted share, for Q3 2020.
Record high quarterly EBITDA of $36.2 million for Q3 2020.
Record high backlog of $1.72 billion.
Forward Guidance
We believe our operational excellence, strong market position and the current bidding climates in both our T&D and C&I segments will support further efficiencies in our operations, and the execution of our long-term strategic growth plan.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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