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.
Quarterly revenues increased to $950.4 million, up $62.4 million from Q3 2024.
Record quarterly net income reached $32.1 million, or $2.05 per diluted share.
Record quarterly EBITDA was reported at $62.7 million, a significant increase from $37.2 million in Q3 2024.
Consolidated gross profit rose to $111.9 million, with gross margin improving to 11.8 percent.
MYR Group anticipates continued success driven by strong long-term growth opportunities in electrical infrastructure, fueled by accelerating electrification, future project demand, load growth, and the need for resilient infrastructure.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance