Welcome to our dedicated page for Myr Group Del news (Ticker: MYRG), a resource for investors and traders seeking the latest updates and insights on Myr Group Del stock.
MYR Group Inc. (NASDAQ: MYRG) delivers essential electrical construction services through its Transmission & Distribution and Commercial & Industrial segments. This news hub provides investors and industry professionals with direct access to official company announcements and strategic updates.
Find curated press releases covering project awards, financial results, operational milestones, and leadership developments. Our repository simplifies tracking MYRG's role in grid modernization, renewable energy integration, and critical infrastructure projects across North America.
Key updates include quarterly earnings reports, major contract announcements, safety recognitions, and technological innovations. Bookmark this page for timely insights into MYRG's expanding capabilities in electrical infrastructure development and maintenance.
MYR Group (NASDAQ: MYRG), a specialty contractor in electric utility infrastructure and construction, reported strong Q2 2025 financial results. The company achieved quarterly revenues of $900.3 million, with record quarterly net income of $26.5 million ($1.70 per diluted share) and record EBITDA of $55.6 million.
The T&D segment reported revenues of $506.3 million, while C&I segment revenues reached $394.1 million. Gross margin improved significantly to 11.5% from 4.9% year-over-year. The company maintains a robust backlog of $2.64 billion.
Additionally, MYR's Board approved a new $75 million share repurchase program through February 4, 2026, replacing the previous program.
MYR Group (NASDAQ: MYRG), a specialty contractor serving electric utility infrastructure and construction markets in the US and Canada, has scheduled its second quarter 2025 earnings release for Wednesday, July 30, 2025, after market close.
The company will host a conference call and webcast to discuss the results on Thursday, July 31, 2025, at 8:00 AM Mountain Time. Participants can register for the telephone conference in advance through the provided link, while the webcast will be accessible from MYR Group's Investors webpage. A replay will be available for seven days following the presentation.
MYR Group (NASDAQ: MYRG) has secured a significant five-year Design-Build Electric Distribution Master Service Agreement with Xcel Energy. The contract, effective through 2029, is expected to exceed $500 million in value over the five-year period.
The comprehensive agreement encompasses turnkey design-build distribution services, including permitting, right of way, public outreach, design, and construction across multiple Xcel Energy service territories. The project aims to support critical initiatives in wildfire mitigation, capacity expansion, and infrastructure modernization.
MYR Group (NASDAQ: MYRG), a specialty contractor holding company in the electric utility infrastructure and commercial/industrial construction sectors, announced its participation in the 2025 Wells Fargo Industrials & Materials Conference. The company's CEO Rick Swartz and CFO Kelly Huntington will engage with institutional investors at the event on June 12, 2025, in Chicago. The conference is exclusively available to Wells Fargo clients.
MYR Group (NASDAQ: MYRG), a holding company specializing in electric utility infrastructure and construction services in the US and Canada, has announced its participation in the Baird 2025 Global Consumer, Technology & Services Conference. The company's CEO Rick Swartz and CFO Kelly Huntington will engage with institutional investors during the conference on June 4, 2025, in New York City. The event is exclusively available to Baird clients.
MYR Group (NASDAQ: MYRG), a specialty contractor company focused on electric utility infrastructure and commercial/industrial construction in the US and Canada, has announced its participation in the Stifel 2025 Boston Cross Sector 1x1 investor conference. The company's CEO Rick Swartz and CFO Kelly Huntington will engage with institutional investors during the conference on June 3, 2025, in Boston. The event is exclusively available to Stifel clients.
MYR Group (NASDAQ: MYRG), a specialty contractor holding company focused on electric utility infrastructure and commercial/industrial construction in the US and Canada, has announced its participation in Bernstein's 41st Annual Strategic Decisions Conference. The event, scheduled for May 30, 2025 in New York City, will feature CEO Rick Swartz and CFO Kelly Huntington meeting with institutional investors. The conference is exclusively available to Bernstein clients.
MYR Group reported strong Q1 2025 financial results with quarterly revenues of $833.6 million and net income of $23.3 million ($1.45 per diluted share). The company's EBITDA reached $50.2 million, while total backlog stood at $2.64 billion.
The Transmission and Distribution segment posted revenues of $461.8 million, showing a decrease due to reduced clean energy project revenue. However, the Commercial and Industrial segment saw growth with revenues of $371.9 million. Gross profit increased to $96.9 million, with margins improving to 11.6%.
Key financial metrics include:
- Borrowing availability of $379.4 million
- T&D backlog: $872.5 million
- C&I backlog: $1.77 billion
- Total backlog increase: 8.9% year-over-year
CEO Rick Swartz highlighted strong bidding activity and growing electrification demand as positive indicators for continued growth.
MYR Group, a leading specialty contractor in electric utility infrastructure and construction, has announced its participation in the upcoming Bank of America Power, Utilities & Alternative Energy Conference in New York City.
Key details:
- Event Date: Thursday, May 29, 2025
- Location: New York City
- Company Representatives: CEO Rick Swartz and CFO Kelly Huntington
- Event Access: Exclusive to Bank of America clients
The company, which operates across the United States and Canada, will engage with institutional investors during the conference. MYR Group specializes in serving electric utility infrastructure, commercial and industrial construction markets in North America.
MYR Group, a leading specialty contractor in electric utility infrastructure and construction markets across the United States and Canada, has announced its participation in the upcoming KeyBanc Industrials & Basic Materials Conference.
The conference, scheduled for May 28, 2025 in Boston, will feature MYR Group's leadership team. Rick Swartz (Chief Executive Officer) and Kelly Huntington (Chief Financial Officer) will engage with institutional investors during the event.
Key Points:
- Event: KeyBanc Industrials & Basic Materials Conference
- Date: Wednesday, May 28, 2025
- Location: Boston
- Company Representatives: CEO Rick Swartz and CFO Kelly Huntington
- Access: Exclusive to KeyBanc clients
The company, traded on NASDAQ under the symbol MYRG, continues to maintain its presence in key industry events, demonstrating its commitment to investor relations and market visibility.
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