Myr Group Inc Del Stock Price, News & Analysis

MYR Group (NASDAQ: MYRG) will attend Morgan Stanley’s Virtual 9th Annual Laguna Conference on September 13, 2021. CEO Rick Swartz and CFO Betty Johnson will engage with institutional investors during this exclusive event. MYR Group specializes in electric utility infrastructure and industrial construction across the US and western Canada, providing comprehensive services including design, construction, and maintenance of electrical installations. MYR Group serves a diverse clientele including utilities, developers, and industrial owners. For further details, visit myrgroup.com.

MYR Group Inc. (MYRG) reported record second-quarter 2021 results, achieving revenues of $649.6 million, a 26.6% increase year-over-year. Net income reached $21.2 million or $1.24 per diluted share, marking a 58.5% increase compared to the previous year. EBITDA also increased to $41.2 million. The backlog stood strong at $1.57 billion. Key growth drivers include grid modernization and clean energy initiatives. However, selling, general, and administrative expenses rose to $51.9 million, influenced by higher employee compensation costs.

MYR Group Inc. (NASDAQ: MYRG), a leading contractor for electric utility, commercial, and industrial construction, will release its second-quarter and first-half 2021 results on July 28, 2021, after market close. A conference call will be held on July 29, 2021, at 8:00 a.m. Mountain time to discuss the results. Interested parties can participate via telephone or access a live webcast through MYR's Investor Relations website. Replays of the conference call will be available until August 5, 2021.

MYR Group Inc. (NASDAQ: MYRG) announced its participation in Sidoti’s June 2021 Virtual Small Cap Conference, scheduled for June 24, 2021. The company’s CEO, Rick Swartz, and CFO, Betty Johnson, will engage with institutional investors during this event. MYR Group specializes in electric utility infrastructure and commercial construction services across the U.S. and western Canada, offering comprehensive installations, maintenance, and repair services for various clients, including utilities and industrial facility owners.

MYR Group has reported strong first-quarter 2021 financial results, with revenues reaching $592.5 million, marking a 14.3% increase year-over-year. The company achieved a record net income of $19.9 million or $1.17 per diluted share, along with EBITDA of $39.3 million. Backlog stood at $1.64 billion, reflecting a 6.7% increase compared to Q1 2020. The management emphasized market stability and opportunities driven by clean energy shifts and infrastructure investments. Despite increased SG&A expenses, effective tax rate improvements contributed to favorable income outcomes.

MYR Group Inc. (NASDAQ: MYRG) will release its first-quarter 2021 results on April 28, 2021, after market close. A conference call to discuss these results is scheduled for April 29, 2021, at 8:00 a.m. Mountain time. Participants can join via telephone or access a live webcast on MYR’s website. A replay of the call will be available until May 6, 2021. MYR Group specializes in electric utility infrastructure and commercial construction services across the U.S. and western Canada, offering comprehensive electrical installation services.

MYR Group Inc. (NASDAQ: MYRG) reported record fourth-quarter and full-year 2020 financial results, with Q4 revenues reaching $608.0 million, a 6.5% increase year-over-year. Net income for Q4 was $18.2 million, up 42.1%, with an EBITDA of $37.2 million. For the full year, revenues hit $2.25 billion, an 8.5% rise, while net income was $58.8 million. The company's backlog stood at $1.65 billion as of year-end. MYR anticipates continued growth driven by trends in transmission and distribution spending and opportunities in renewables.

MYR Group Inc. (MYRG) will announce its fourth-quarter and full-year 2020 results on March 3, 2021, after market close. A conference call to discuss results is scheduled for March 4, 2021, at 9:00 a.m. Central time. Participants can join via telephone or webcast. The call will feature insights into MYR Group's operations in electric utility infrastructure and commercial construction across the U.S. and western Canada.

Investors can access the webcast on MYR Group’s website.

MYR Group Inc. (MYRG) reported record third-quarter 2020 revenues of $607.9 million, a 4.2% increase year-over-year, alongside a net income of $17.3 million, or $1.02 per diluted share, marking a 67% rise. EBITDA reached $36.2 million, reflecting a 28.4% increase. The backlog grew to $1.72 billion, a 25.9% increase compared to 2019. SG&A expenses increased to $51.4 million due to higher employee-related costs. MYR's strategic moves during the COVID-19 pandemic have strengthened its market position.