Myr Group Inc Del Stock Price, News & Analysis

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.

MYR Group Inc. (NASDAQ: MYRG) announced a contract through its subsidiary, MYR Energy Services, Inc. (MYRE), for the Timberland Solar Project in Georgia, valued over $100 million. This project includes the installation of over 380,000 solar modules on a 1,300-acre site and the construction of a new 345kV substation. Groundbreaking is set for spring 2022, with completion expected in late 2023. The CEO highlighted the significance of this contract in enhancing their role in the clean energy sector and strengthening their relationship with Con Edison Clean Energy Businesses.

MYR Group (NASDAQ: MYRG), a premier specialty contractor firm in the electric utility, commercial, and industrial construction sectors, announced its participation in upcoming virtual investor conferences. The Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Betty Johnson, will engage with institutional investors during the UBS 16th Annual Engineering, Infrastructure, and Construction conference on March 22, 2022, and the Sidoti & Company Virtual Small Cap conference on March 23-24, 2022. Both events are exclusive to their respective clients.

MYR Group Inc. (MYRG) reported strong fourth-quarter and full-year 2021 results, achieving record revenues of $2.50 billion for the year, marking an 11.2% increase over 2020. The fourth quarter saw revenues of $646.0 million and net income of $20.7 million, a 14.0% increase year-over-year. EBITDA for the fourth quarter was $41.4 million, while full-year EBITDA reached $164.2 million. The company maintained a strong backlog of $1.79 billion, emphasizing its robust market position and growth prospects.

MYR Group Inc. (MYRG) will announce its fourth-quarter and full-year 2021 financial results on February 23, 2022, after market close. A conference call and webcast to discuss these results is scheduled for February 24, 2022, at 8:00 a.m. Mountain time. Participants can join the call via telephone by dialing (877) 561-2750 for domestic callers or (763) 416-8565 for international calls, using conference ID 8097179. The call will also be available for replay until March 3, 2022.

MYR Group Inc. (NASDAQ: MYRG) announced the acquisition of Powerline Plus Ltd. and its affiliate by its Canadian subsidiary, MYR Group Construction Canada, Ltd. This deal enhances MYR's Transmission & Distribution segment, expanding its service offerings and geographic reach. Powerline Plus, founded in 1990, generated average annual revenues of approximately $80 million over the last two years. The integration aims to leverage Powerline Plus's experienced workforce and diverse project portfolio, strengthening MYR's position in the electrical distribution construction market.

MYR Group (NASDAQ: MYRG) announced its participation in the Credit Suisse 9th Annual Industrials Conference on December 1, 2021. The event will feature CEO Rick Swartz and CFO Betty Johnson meeting virtually with institutional investors. MYR Group specializes in electric utility infrastructure and commercial construction, offering services in electric transmission, distribution networks, and substations throughout the U.S. and western Canada. This meeting is exclusive to Credit Suisse clients.

MYR Group Inc. (NASDAQ: MYRG), a leading specialty contractor for electric utility infrastructure and construction markets, announced its participation in Baird's 2021 Global Industrial Conference. On November 9, 2021, CEO Rick Swartz and CFO Betty Johnson will conduct virtual meetings with institutional investors. The conference is exclusive to Baird's clients. MYR Group offers extensive services in electric transmission, distribution, and substation facilities, catering to various sectors including utilities and industrial facilities.