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Dec 31, 2020
MYR Group Q4 2020 Earnings Report
MYR Group reported record high revenues and net income attributable to MYR Group Inc. for the quarter, with strong net cash flow from operating activities and a substantial backlog.
Key Takeaways
MYR Group Inc. announced strong fourth-quarter results with record high revenues of $608.0 million and net income attributable to MYR Group Inc. of $18.2 million, or $1.07 per diluted share. The company's backlog remains strong at $1.65 billion.
Record high quarter revenues of $608.0 million.
Record high quarter net income attributable to MYR Group Inc. of $18.2 million, or $1.07 per diluted share.
Record high quarter EBITDA of $37.2 million.
Strong quarter net cash flow from operating activities of $46.5 million and quarter free cash flow of $29.7 million.
Revenue by Segment
Forward Guidance
Company remains optimistic about market opportunities as industry sources continue to highlight positive trends in T&D spending, continued resiliency in our primary C&I markets, and increased opportunities in renewables and energy storage.
Positive Outlook
- Positive trends in T&D spending
- Continued resiliency in primary C&I markets
- Increased opportunities in renewables
- Increased opportunities in energy storage
- Adapting to changing market conditions and leveraging strong customer relationships to secure future work
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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