MYR GROUP INC. SEC Filings

MYRG reports planned disposition of restricted shares upon vesting totaling 2,000 shares. The filing lists four scheduled vesting events with cash settlements: 530 shares on 03/23/2024, 845 shares on 03/23/2025, 422 shares on 03/23/2026, and 203 shares on 02/18/2026

MYR Group Inc. furnished an updated investor presentation highlighting strong recent performance and a planned acquisition. The company reported last-twelve-month revenue of $3.82 billion and net income of $141.9 million as of March 31, 2026, both record highs, with backlog at $2.84 billion and EBITDA of $264.1 million.

MYR plans to acquire Valley Holdings I, Inc., whose Valley Electric and Comet Electric units generated combined annual revenues in excess of $400 million over 2024–2025, with closing expected in 3Q26, subject to required approvals and customary conditions. The company also emphasized a strong balance sheet, including $460 million of availability under a $490 million credit facility, $163 million in cash and equivalents, and prior repurchases of 1.3 million shares for approximately $150 million.

MYR Group Inc. has entered a definitive agreement to acquire Valley Holdings I, Inc. and its subsidiaries, including Valley Electric and Comet Electric, for approximately $328.0 million, subject to net asset and other post-closing purchase price adjustments. The deal is subject to regulatory approval and other customary closing conditions.

Valley Electric and Comet Electric are full-service electrical contractors in the Western U.S. and Southern California, with combined average annual revenues over the last two years in excess of $400 million. MYR Group expects to fund the acquisition using a combination of cash on hand and borrowings under its revolving credit facility, and the agreement includes additional contingent consideration and contingent compensation tied to performance targets and executive retention.

MYR Group Inc. received an Amendment No. 1 Schedule 13G/A from Wellington affiliates reporting beneficial ownership of 643,349 shares of Common Stock, representing 4.14% of the class. The filing lists shared voting power of 299,651 and shared dispositive power of 643,349 across Wellington entities and is signed by a Compliance Manager on 05/15/2026.

MYR Group Inc. furnished an investor presentation outlining strong Q1 2026 performance and long‑term trends. For the twelve months ended March 31, 2026, total revenue reached $3.82B, with transmission and distribution revenue of $2.08B and commercial and industrial revenue of $1.74B.

The company reported record LTM net income of $141M, diluted earnings per share of $9.07, EBITDA of $264M, and free cash flow of $230M. Q1 2026 revenue was $1.00B and backlog totaled $2.84B, supported by LTM revenue CAGR of 10.5% and long‑term growth across both segments.

Management highlights a strong balance sheet, including $460M of availability under a $490M credit facility, $163M of cash and equivalents, low debt leverage of 0.04x debt to LTM EBITDA, and ongoing share repurchases. The presentation also describes favorable market drivers such as data center demand, grid investment, reshoring of manufacturing, and MYR Group’s focus on organic growth, acquisitions, safety, sustainability, and experienced leadership.

MYR Group Inc ownership filing shows Vanguard Capital Management beneficially owns 801,456 shares of Common Stock, representing 5.15% of the class. The filing reports sole voting power for 114,952 shares and sole dispositive power for 801,456 shares. The filing notes ownership includes shares held for various Vanguard affiliates and funds.

MYR Group Inc. delivered strong quarterly growth, with contract revenues rising to $1,000.4 million from $833.6 million, driven by gains in both Transmission & Distribution and Commercial & Industrial work. Gross margin improved to 13.4% from 11.6% as more projects progressed at higher contractual margins and favorable estimate revisions lifted profitability.

Net income doubled to $46.8 million from $23.3 million, and diluted EPS increased to $2.99 from $1.45. EBITDA, a non-GAAP measure, increased to $81.5 million from $50.2 million. Backlog reached $2.84 billion, with $2.54 billion expected to be realized within 12 months, supporting near-term revenue visibility.

Cash and cash equivalents were $163.2 million, and net cash provided by operating activities was $84.7 million. Total debt fell to $9.4 million from $59.0 million, with no borrowings outstanding on the $490 million revolving credit facility and $460.5 million of borrowing availability, leaving the balance sheet conservatively leveraged.

MYR Group Inc. reported strong first-quarter 2026 results, with revenue of $1.00 billion, up $166.8 million from the prior year. Both Transmission & Distribution and Commercial & Industrial segments grew, reaching $541.0 million and $459.4 million in revenue, respectively.

Gross profit rose to $134.4 million as gross margin expanded to 13.4% from 11.6%, helped by higher-margin projects, favorable change orders and strong project closeouts. Net income more than doubled to $46.8 million, or $2.99 per diluted share, and EBITDA increased to a record $81.5 million.

Backlog reached a record $2.84 billion as of March 31, 2026, up $203.3 million, or 7.7%, year over year. The company ended the quarter with $163.2 million in cash and cash equivalents and $460.5 million of availability on its $490 million revolver, while generating free cash flow of $68.6 million.

MYR Group Inc. director Kenneth Michael Hartwick reported a routine tax-related share disposition. On April 27, 1,786 shares of common stock were withheld at $346.37 per share to satisfy tax withholding obligations tied to previously granted Restricted Stock Units under the 2017 Long-Term Incentive Plan. Following this non-market transaction, he directly holds 22,131 MYR Group shares.