Thornton, Colo., February 28, 2024 – MYR Group Inc. ("MYR") (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 fourth-quarter and full year 2023 financial results. Fourth Quarter 2023 Highlights Full Year 2023 Highlights Management Comments Exhibit 99.1 MYR Group Inc. Announces Fourth-Quarter and Full Year 2023 Results Rick Swartz, MYR's President a ...

Financial Data and Key Metrics Changes - Third quarter 2023 revenues reached $939 million, a record high, representing an increase of $140 million or 17% compared to the same period last year [19] - Gross margin for Q3 2023 was 9.8%, down from 10.8% in the same period last year, primarily due to labor and project inefficiencies, supply chain disruptions, and rising costs associated with inflation [20] - Net income for Q3 2023 was $22 million, compared to $18 million for the same period last year, with net income per diluted share increasing 17% to $1.28 [34] - Total backlog as of September 30, 2023, was $2.62 billion, a 6% increase year-over-year [34] Business Line Data and Key Metrics Changes - The Commercial & Industrial (C&I) segment reported revenues of $391 million, a record high and a 12% increase compared to the same period last year, driven by clean energy projects [32] - The Transmission & Distribution (T&D) segment achieved revenues of $549 million, a record high, with a 21% increase year-over-year, attributed to higher revenue from transmission projects [56] - C&I operating margin improved to 3.6% from 3.1% year-over-year, while T&D operating margin decreased to 6.6% from 7.6% due to labor inefficiencies and project delays [33][57] Market Data and Key Metrics Changes - The North American electric transmission market is projected to grow from over $43 billion in 2022 to as high as $67 billion by 2027, with significant investments expected in Texas and California [12] - Demand for data center projects is forecasted to grow by 10% year-over-year, reaching 35 gigawatts by 2030, indicating strong market potential for the company [39] Company Strategy and Development Direction - The company is focused on expanding existing relationships with preferred clients and strategically bidding on projects to maintain a steady backlog and potential growth [18] - There is a commitment to adapt to market conditions and invest in team development to maintain industry leadership [42] - The company is selectively pursuing projects in a strong market while being cautious due to supply chain challenges and rising labor costs [78] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future demand for electrical infrastructure and clean energy initiatives, which are expected to create growth opportunities [30] - The company is monitoring supply chain constraints and working closely with vendors to mitigate challenges [61] - Management acknowledged the impact of rising interest rates on customer payment behaviors, which may affect cash flow [46] Other Important Information - Third quarter 2023 operating cash flow was $13 million, slightly down from $14 million in the same period last year, while free cash flow was negative $10 million compared to negative $4 million last year [22] - The company maintains a strong funded debt to EBITDA leverage ratio of 0.33 times as of September 30, 2023, indicating a solid financial position [59] Q&A Session Summary Question: Impact on gross margin from estimate revisions on fixed price contracts - The impact was primarily in the T&D segment, mainly on solar projects due to weather impacts and rising labor costs [70] Question: Expectations for Q4 margins compared to Q3 - Q3 margins were affected by one-time issues, and Q4 is expected to show improvement, although some clean energy projects may continue to carry lower margins [71] Question: Context on increasing unbilled receivables balance - The increase is related to company growth and project timing, with a 12% rise in contract retainage noted [73] Question: Future work market outlook - The market remains strong, but the company will be selective in project bidding due to supply chain issues and rising costs [78] Question: Free cash flow and capital expenditures - Negative free cash flow is attributed to higher capital expenditures aligned with growth, particularly in the T&D segment [80]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (State or other jurisdiction of incorporation or organization) For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 12121 Grant Street, Suite 610 Commission file number: 1-08325 _____________________________________________________________ MYR GROUP INC. (Exact name of registrant as spe ...

INVESTOR PRESENTATION Q 2 | J u l y 2 0 2 3 | N A S D A Q : M Y R G F O R W A R D - L O O K I N G S T A T E M E N T S A MARKET LEADER OUTLOOK • Record Q2 LTM revenue, EBITDA, net income, EPS, and backlog. 5 • Approx. 50% of T&D business is Master Service Agreement work DISTRIBUTION ENERGY STORAGE Millions • Aging infrastructure, system hardening, grid reliability, and clean energy projects remain key drivers for transmission infrastructure investment – along with federal, state and local clean energy goals ...

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 June 30, 2023 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 specified i ...

MYR Group, Inc. (NASDAQ:MYRG) Q1 2023 Earnings Conference Call April 27, 2023 10:00 AM ET Company Participants David Gutierrez - Head, PR Practice and SVP, Dresner Corporate Services, Inc. Richard Swartz - President & CEO Kelly Huntington - SVP & CFO Tod Cooper - SVP & COO, Transmission and Distribution Jeffrey Waneka - SVP & COO, Commercial & Industrial Conference Call Participants Alex Dwyer - KeyBank Justin Hauke - Baird Brian Russo - Sidoti Jon Braatz - Kansas City Capital Operator Good morning, everyon ...

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 March 31, 2023 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 specified ...

K E Y S P E N D D R I V E R S Plant Retirements Source: Edison Electric Institute, December 2021 (Edison Electric Institute, Sept. 2022) C & I B U S I N E S S S E G M E N T U P D A T E 9 N R PRESENTATIO Q4 INVESTO • Infrastructure Investment and Jobs Act funding is expected to continue driving growth in infrastructure construction categories including highways, bridges and public works. About $58 billion in funding for FHWA and $17B for the federal transit agency has been appropriated for the 2023 fiscal ye ...

MYR Group, Inc. (NASDAQ:MYRG) Q4 2022 Earnings Conference Call February 23, 2023 10:00 AM ET Company Participants David Gutierrez - Head, PR Practice and SVP, Dresner Corporate Services, Inc. Richard Swartz - President, CEO & Director Betty Johnson - SVP & CFO Tod Cooper - SVP & COO, Transmission and Distribution Jeffrey Waneka - SVP & COO, Commercial & Industrial Conference Call Participants Justin Hauke - Robert W. Baird Alexander Dwyer - KeyBanc Capital Markets Brian Russo - Sidoti & Company Noelle Dilts ...

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________ __________________________________________________________________________________________________FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period ...