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This AI Stock Builds Bullish Base, Flirts With Entry Amid 277% Earnings Growth
Investors· 2025-10-31 14:40
The artificial intelligence space has been one of the best for those seeking equities with strong earnings growth. And alternative AI stock MYR Group (MYRG) has built a bullish base amid soaring profit. The Colorado- based company is heavily involved in the construction of data centers and the electrical infrastructure required to power them. These are key to the AI revolution.… INVESTING RESOURCES Take a Trial Today Get instant access to exclusive stock lists, expert market analysis and powerful tools with ...
MYR Group outlines 10% revenue growth target for 2026 while raising C&I margin guidance (NASDAQ:MYRG)
Seeking Alpha· 2025-10-30 22:07
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MYR(MYRG) - 2025 Q3 - Earnings Call Transcript
2025-10-30 15:00
MYR Group (NasdaqGS:MYRG) Q3 2025 Earnings Call October 30, 2025 10:00 AM ET Speaker7Good morning everyone and welcome to the MYR Group Third Quarter 2025 Earnings Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, p ...
MYR Group (MYRG) Q3 Earnings and Revenues Surpass Estimates
ZACKS· 2025-10-29 22:56
MYR Group (MYRG) came out with quarterly earnings of $2.05 per share, beating the Zacks Consensus Estimate of $1.82 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +12.64%. A quarter ago, it was expected that this electrical construction services provider would post earnings of $1.56 per share when it actually produced earnings of $1.7, delivering a surprise of +8.97%.Over the last ...
MYR(MYRG) - 2025 Q3 - Quarterly Report
2025-10-29 20:07
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-08325 _____________________________________________________________ MYR GROUP INC. (Exact name of registrant as specif ...
MYR Group Inc. Announces Third Quarter and First Nine Months 2025 Results
Globenewswire· 2025-10-29 20:06
Core Insights - MYR Group Inc. reported strong financial performance for the third quarter of 2025, with revenues of $950 million, marking a year-over-year increase in net income, gross profit, gross margin, and EBITDA [1][2][7]. Financial Performance - Third quarter 2025 revenues reached $950.4 million, an increase of $62.4 million compared to the same period in 2024 [2]. - The Transmission and Distribution (T&D) segment generated revenues of $503.4 million, up by $21.5 million year-over-year, driven by a $16.3 million increase in transmission project revenues and a $5.2 million increase in distribution project revenues [2]. - The Commercial and Industrial (C&I) segment reported revenues of $447.0 million, an increase of $40.8 million from the third quarter of 2024 [2]. Profitability Metrics - Consolidated gross profit for the third quarter of 2025 was $111.9 million, compared to $77.3 million in the same quarter of 2024, with gross margin improving to 11.8% from 8.7% [3]. - The increase in gross margin was attributed to better productivity, favorable change orders, and job closeouts, despite some offsetting costs from project inefficiencies and adverse weather [3]. Expenses and Income - Selling, general and administrative expenses (SG&A) rose to $65.9 million in the third quarter of 2025, up from $57.5 million in the same quarter of 2024, primarily due to increased employee compensation costs [4]. - Interest expense decreased to $1.4 million in the third quarter of 2025, down from $2.0 million in the same period of 2024, due to lower interest rates and reduced debt levels [5]. - The income tax expense for the third quarter of 2025 was $12.6 million, with an effective tax rate of 28.3%, compared to a tax benefit of $7.9 million and a rate of 42.5% in the prior year [6]. Net Income and EBITDA - Net income for the third quarter of 2025 was $32.1 million, or $2.05 per diluted share, compared to $10.6 million, or $0.65 per diluted share, for the same period in 2024 [7]. - EBITDA for the third quarter of 2025 was $62.7 million, significantly higher than $37.2 million in the third quarter of 2024 [7]. Year-to-Date Performance - For the first nine months of 2025, MYR reported revenues of $2.68 billion, an increase of $151.8 million compared to the same period in 2024 [9]. - Consolidated gross profit for the first nine months of 2025 was $312.5 million, up from $204.4 million in the same period of 2024, with gross margin increasing to 11.6% from 8.1% [10]. Backlog and Future Outlook - As of September 30, 2025, MYR's backlog was $2.66 billion, a slight increase from $2.64 billion as of June 30, 2025, indicating continued demand for services [15]. - The company is well-positioned to capitalize on long-term growth opportunities driven by the accelerating pace of electrification and the need for resilient infrastructure [1].
MYR(MYRG) - 2025 Q3 - Quarterly Results
2025-10-29 20:04
Exhibit 99.1 MYR Group Inc. Announces Third-Quarter and First Nine-Months 2025 Results Thornton, Colo., October 29, 2025 – MYR Group Inc. ("MYR or the "Company") (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced today its third-quarter and first nine-months 2025 financial results. Highlights for Third Quarter 2025 Management Comments Rick Swartz, MYR's Presi ...
MYR Group Inc. Announces Third Quarter 2025 Earnings Release and Conference Call Schedule
Globenewswire· 2025-10-15 20:00
Core Insights - MYR Group Inc. will release its third quarter 2025 results on October 29, 2025, after market close [1] - A conference call and webcast to discuss the results is scheduled for October 30, 2025, at 8 a.m. Mountain Time [1] Company Overview - MYR Group is a holding company of specialty electrical contractors operating in the U.S. and Canada, focusing on Transmission & Distribution (T&D) and Commercial & Industrial (C&I) segments [4] - The T&D segment provides services related to electric transmission, distribution networks, substations, clean energy projects, and electric vehicle charging infrastructure [4] - The C&I segment offers a wide range of services including design, installation, maintenance, and repair of commercial and industrial wiring for various facilities such as data centers, hospitals, and manufacturing plants [4]
MYR Group Inc. to Attend Baird 2025 Global Industrial Conference in November
Globenewswire· 2025-10-09 20:00
Core Insights - MYR Group Inc. will participate in the Baird 2025 Global Industrial investor conference, scheduled for November 12, 2025, in Chicago, where the CEO and CFO will engage with institutional investors [1] Company Overview - MYR Group is a holding company specializing in electrical contracting services across the United States and Canada, operating through two main segments: Transmission & Distribution (T&D) and Commercial & Industrial (C&I) [2] - The T&D segment offers comprehensive services including design, engineering, procurement, construction, upgrade, maintenance, and repair for electric transmission, distribution networks, substations, clean energy projects, and electric vehicle charging infrastructure [2] - The C&I segment provides a wide range of services such as design, installation, maintenance, and repair of commercial and industrial wiring for various facilities including data centers, hospitals, hotels, and clean energy projects [2]
This AT&T Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday - Palmer Square Capital BDC (NYSE:PSBD), MYR Group (NASDAQ:MYRG)
Benzinga· 2025-10-01 12:50
Core Viewpoint - Top Wall Street analysts have revised their outlook on several prominent companies, indicating potential shifts in investment sentiment and opportunities in the market [1] Group 1: Analyst Ratings Changes - The article highlights that there have been significant changes in analyst ratings, including upgrades, downgrades, and initiations for various stocks [1] - Specific attention is drawn to T stock, with analysts providing insights on whether it is a good time to consider purchasing [1]