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 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.
MYR Group reported a strong financial performance for Q1 2022, with revenues of $636.6 million, up 7.4% from the previous year. Net income increased to $20.7 million, translating to earnings of $1.21 per diluted share. EBITDA stood at $39.6 million. The company achieved a record backlog of $2.41 billion, underscoring growth potential. However, gross margin slightly declined to 12.6% due to increased costs and inefficiencies. Selling, general, and administrative expenses rose due to the acquisition of Powerline Plus Companies.
MYR Group (NASDAQ: MYRG) will release its Q1 2022 financial results on April 27, 2022, after market close. The company will host a conference call on April 28, 2022, at 9:00 a.m. Central time to discuss these results. To participate, dial (877) 561-2750 domestically or (763) 416-8565 internationally, using conference ID 9940838. A replay will be available until May 5, 2022. MYR Group specializes in electric utility infrastructure and construction across North America, operating through two segments: Transmission & Distribution and Commercial & Industrial.
MYR Group Inc. (NASDAQ: MYRG) announced attendance at Oppenheimer's 17th Annual Industrial Growth Conference, set for May 4, 2022. CEO Rick Swartz and CFO Betty Johnson will engage with institutional investors during this virtual event, exclusive to Oppenheimer clients. MYR Group is a prominent holding company for specialty electrical contractors in the U.S. and Canada, operating through Transmission & Distribution (T&D) and Commercial & Industrial (C&I) segments, providing extensive electrical services across various sectors including utilities and clean energy.
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