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Dec 31, 2023
MYR Group Q4 2023 Earnings Report
MYR Group reported record quarterly revenues and strong net income, but gross margin decreased due to labor and project inefficiencies.
Key Takeaways
MYR Group Inc. announced record fourth-quarter revenues of $1.00 billion and a net income of $24.0 million, or $1.43 per diluted share. The company's backlog remains strong at $2.51 billion, reflecting a healthy bidding environment.
Record quarterly revenues of $1.00 billion.
Net income of $24.0 million, or $1.43 per diluted share.
Record quarterly EBITDA of $52.8 million.
Backlog of $2.51 billion reflects a healthy bidding environment.
Revenue by Segment
Forward Guidance
Market indicators remain positive, and by leveraging proven business strategies and remaining committed to providing customers with quality, safe, and dependable results, we believe we are well-positioned for continued growth in 2024.
Positive Outlook
- Positive market indicators
- Leveraging proven business strategies
- Commitment to quality results
- Commitment to safe results
- Commitment to dependable results
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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