📈 Price History

Ratio Health

— Excellent

— Good

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By Category

📊 Sector Averages

About

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding MYRG

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	66.3K	$18.7M	0.03%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

The tone is confident with specific financial details and operational achievements, such as 'steady second quarter performance' and 'bidding activity remains healthy'. Management repeatedly cites exact revenue figures, margin percentages, and contract values, indicating a positive and precise outlook.

Q3 2025

Confident Specific

Management used phrases like 'record net income', 'record EBITDA', 'record operating cash flow' and provided explicit 2026 revenue growth (10%) and raised margin ranges (C&I to 5%-7.5%, T&D 7%-10.5%). Forward-looking language was specific and numerical.

Q4 2025

Confident Specific

Management repeatedly used terms like 'record annual revenues of $3.7 billion', 'strong financial performance', 'healthy bidding environment', 'record net income $37 million', and 'record EBITDA $64 million', providing specific figures and clear forward-looking statements without hedging language.

Q1 2026 latest

Confident Specific

Management used strong, specific language throughout: 'record net income,' 'record EBITDA,' 'record backlog.' They provided concrete raised guidance ranges (C&I margin 6%-9%, T&D 8%-11%, revenue growth ~12%). Acknowledged quarter-to-quarter lumpiness but expressed clear optimism about demand and execution.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis has strengthened after this call. Management raised margin and revenue guidance, indicating improving profitability and demand visibility. Record backlog and cash flow highlight execution consistency. The C&I margin improvement from better contract terms and prefab is a credible structural shift. Data center tailwinds and grid modernization provide multiyear demand. Key risks include quarter-to-quarter lumpiness and the lag in labor tightness translating to pricing power. Next quarter, watch for margin sustainability, further M&A progress, and revenue conversion from large transmission awards expected in 2026.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED MYR Group posts record Q1 with $1B revenue, 20% YoY growth, record backlog $2.84B, and raised margin guidance.

Revenue & Profitability

Q1 2026 revenues were $1 billion, a 20% increase year-over-year. Net income was a record $47 million ($2.99 per diluted share), up 106% from $23 million. EBITDA hit a record $82 million. Total backlog reached a record $2.84 billion, up 8% year-over-year, with T&D backlog of $981 million and C&I backlog of $1.86 billion. Operating cash flow was $85 million and free cash flow $69 million.

Outlook

Management highlighted that grid infrastructure has become a central focus in 2026 as electrification and digital demand strain existing systems, with underinvestment in modernization creating a bottleneck. Data center construction starts are up nearly 100% year-over-year, and non-building infrastructure (power, water, wastewater) continues to grow. The labor market remains tight but competitive, with no immediate margin expansion from that factor.

Growth Drivers

Growth is driven by strong bidding activity and ongoing infrastructure investments in electrification. T&D benefits from MSAs and EPC program opportunities, as well as 345 kV transmission project awards and substation work. C&I is propelled by data center projects (New Jersey, Arizona, California, Colorado) and water/wastewater treatment plants. Management expects total revenue growth of approximately 12% for fiscal 2026, though it may be lumpy quarter-to-quarter.

Balance Sheet & CapEx

Capital expenditures are expected to trend at about 3% of revenue on a full-year basis, above historical averages, mainly to support T&D capital-intensive work. Q1 CapEx was light due to timing and will increase in subsequent quarters. Investments also include expanding prefabrication capacity to improve project efficiency and reduce field labor risk.

Margins

Gross margin improved to 13.4% from 11.6%, driven by higher contractual margins, better productivity, favorable change orders, and job closeouts, partially offset by inefficiencies on certain projects. Updated operating margin guidance: T&D 8%-11% (previously 7%-10.5%) and C&I 6%-9% (previously 5%-7.5%), with a goal to operate in the mid-range on an annual basis. Margins can be lumpy quarter-to-quarter due to project mix and timing.

Key Risks

Risks flagged include a tight labor market that could affect productivity, potential timing delays in large project awards and material deliveries, and quarter-to-quarter lumpiness in revenue and margins. DSO may rise to the low 60s depending on the mix of project types. Inefficiencies on certain projects were noted as a partial offset to margin gains.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-30

Record Q2 2026 revenues and backlog were driven by strong T&D and C&I segment performance, improved margins, and the acquisition of Valley and Comet Electric. Full-year guidance remains unchanged, with robust market demand and a healthy project pipeline supporting future growth.

Q1 2026 Q1 2026 2026-04-30

Record Q1 2026 results featured 20% revenue growth, margin expansion, and record backlog, driven by strong demand in T&D and C&I segments. Updated annual margin targets and 12% revenue growth outlook reflect confidence in execution and market trends.

Q4 2025 Q4 2025 2026-02-26

Record 2025 revenues and net income were driven by strong growth in both T&D and C&I segments, with a robust backlog and improved margins. Market outlook remains positive, supported by major project awards, strong cash flow, and continued investment in infrastructure.

Q3 2025 Q3 2025 2025-10-30

Record Q3 2025 results featured 7% revenue growth, record net income, and strong margins. Backlog and bidding activity remain robust, with 10% revenue growth forecast for 2026 and higher C&I margin guidance. Capital allocation focuses on organic growth, capex, and M&A.

Q2 2025 Q2 2025 2025-07-31

Second quarter 2025 saw 8.6% revenue growth, margin expansion, and a return to profitability, with strong backlog and new contract wins in both T&D and C&I segments. Market outlook remains robust, supported by grid modernization and electrification trends.

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