Myr Group Inc Del Stock Price, News & Analysis

MYR Group (NASDAQ: MYRG) will attend the Sidoti & Company virtual investor conference on September 21, 2022. CEO Rick Swartz and CFO Betty Johnson will meet with institutional investors during this event, which is exclusive to Sidoti clients. MYR Group is a holding company for specialty electrical contractors operating in the U.S. and Canada. The company’s services span the Transmission & Distribution and Commercial & Industrial sectors, focusing on electrical installations, maintenance, and clean energy projects.

MYR Group Inc. (NASDAQ: MYRG) announced a proposal to declassify its Board of Directors, transitioning to annual elections. This initiative aims to enhance Board diversity and governance, alongside a new policy implementing a fifteen-year term limit for directors. The Board plans to present this proposal for a vote at the 2023 Annual Meeting of Stockholders, with details forthcoming in the proxy statement. MYR Group serves electric utility infrastructure and commercial construction markets in the U.S. and Canada, with services covering a wide range of projects including transmission, distribution, and clean energy.

MYR Group Inc. (MYRG) reported record revenues of $708.1 million for Q2 2022, up 9.0% year-over-year, with a net income of $19.7 million or $1.15 per diluted share. The company's EBITDA reached a record high of $43.9 million. Despite the revenue growth, gross profit slightly declined to $80.9 million, resulting in a gross margin of 11.4%, down from 12.5% in Q2 2021 due to increased costs from supply chain issues and inflation. The backlog increased to $2.44 billion as of June 30, 2022, reflecting strong demand.

MYR Group Inc. (NASDAQ: MYRG) announced it will release its second-quarter 2022 results on July 27, 2022, after market closure. A conference call is scheduled for July 28, 2022, at 9:00 a.m. Central time to discuss these results. Participants can register in advance for telephone access and receive a confirmation email for joining the call. An audio-only webcast will also be available on MYR Group's Investors page, with a replay for seven days. MYR Group, a holding company for specialty electrical contractors, operates in the U.S. and Canada across Transmission & Distribution and Commercial & Industrial segments.

MYR Group (NASDAQ: MYRG), a leader in electric utility infrastructure, will participate in the Sidoti Summer Small Cap investor conference on June 15-16, 2022. CEO Rick Swartz and CFO Betty Johnson will engage with institutional investors during this virtual event, exclusively for Sidoti clients.

MYR Group specializes in electric contracting services across the United States and Canada, operating in two segments: Transmission & Distribution and Commercial & Industrial. Their projects range from clean energy to industrial facilities, emphasizing their capability in diverse electrical installations.

MYR Group Inc. (NASDAQ: MYRG), a holding company specializing in electrical contracting, will participate in the Stifel 2022 Cross Sector Insight investor conference in Boston on June 8, 2022. CEO Rick Swartz and CFO Betty Johnson will meet with institutional investors during this event exclusive to Stifel clients. MYR Group provides comprehensive services in electric utility infrastructure and construction markets across the U.S. and Canada, focusing on Transmission & Distribution and Commercial & Industrial sectors.

MYR Group Inc. (NASDAQ: MYRG) announced a new share repurchase program authorizing the purchase of up to $75 million of its outstanding shares. The program, effective from May 5, 2022, will expire on November 7, 2022, or when funds are exhausted. The initiative aims to enhance shareholder value and reflects the Board’s confidence in the company's long-term strategy. The repurchase will be funded through cash reserves and borrowings, demonstrating MYR Group's strong financial position and commitment to capital allocation.

MYR Group, a leader in specialty contracting for electric utility infrastructure, will attend the KeyBanc Capital Markets Industrials & Basic Materials investor conference in Boston on June 2, 2022. CEO Rick Swartz and CFO Betty Johnson will meet with institutional investors at this exclusive client event. MYR Group operates through two segments: Transmission & Distribution, and Commercial & Industrial, providing a wide range of electrical services across the U.S. and Canada. Their expertise spans electric installations, clean energy projects, and more.

MYR Group Inc. (NASDAQ: MYRG) announced the appointment of Ajoy H. Karna to its Board of Directors effective May 2, 2022. Karna, with over 33 years of experience in finance and management, currently serves as Senior Vice President, Strategy and CFO - International for Sysco Corporation. His role on the Board’s Audit Committee is expected to enhance the company’s strategic direction. MYR Group specializes in electrical contracting services across the U.S. and Canada, aiming to leverage Karna’s global expertise for growth and improved governance.