Group 1 - Algonquin Power & Utilities (AQN) is currently performing well in the Utilities sector, with a year-to-date return of approximately 33%, significantly outperforming the sector average of 6.9% [4] - The Zacks Rank for AQN is 2 (Buy), indicating a positive outlook based on earnings estimate revisions and improving earnings outlooks [3][4] - The Zacks Consensus Estimate for AQN's full-year earnings has increased by 1.1% over the past quarter, reflecting improved analyst sentiment [4] Group 2 - AQN is part of the Utility - Electric Power industry, which consists of 60 companies and currently ranks 68 in the Zacks Industry Rank, with an average gain of 7% year-to-date [6] - MYR Group (MYRG) is another Utilities stock that has outperformed the sector, with a year-to-date return of 7.7% and a Zacks Rank of 2 (Buy) [5][6] - The Electric Construction industry, to which MYR Group belongs, is currently ranked 3 and has seen a year-to-date increase of 7.7% [6]

Core Insights - MYR Group Inc. is a holding company specializing in electrical contracting services in the U.S. and Canada, focusing on electric utility infrastructure and commercial construction [2] Group 1: Company Overview - MYR Group operates through two main business segments: Transmission & Distribution (T&D) and Commercial & Industrial (C&I) [2] - The T&D segment provides services related to electric transmission, distribution networks, substations, clean energy projects, and electric vehicle charging infrastructure [2] - The C&I segment offers a wide range of services including design, installation, maintenance, and repair of wiring for various facilities such as airports, hospitals, data centers, and manufacturing plants [2] Group 2: Recent Developments - MYR Group will attend the 2025 Wells Fargo Industrials & Materials investor conference, where the CEO and CFO will meet with institutional investors [1]

Q1 2025 INVESTOR PRESENTATION Q1 | May 2025 | N ASDAQ: MYRG 1 SAFE HARBOR NOTICE FORWARD-LOOKING STATEMENTS. Various statements in this announcement, including those that express a belief, expectation, or intention, as well as those that are not statements of historical fact, are forward-looking statements. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future production, revenue, income, capital spending, segment improveme ...

Company Overview - MYR Group Inc. is a holding company of leading specialty electrical contractors serving the electric utility infrastructure, commercial, and industrial construction markets in the United States and Canada [2] - The company operates through two business segments: Transmission & Distribution (T&D) and Commercial & Industrial (C&I) [2] - MYR Group's T&D segment provides services related to electric transmission, distribution networks, substation facilities, clean energy projects, and electric vehicle charging infrastructure [2] - 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 airports, hospitals, and manufacturing plants [2] Recent Developments - MYR Group announced its participation in the Baird 2025 Global Consumer, Technology & Services investor conference [1] - The conference will take place on June 4, 2025, in New York City, where the CEO and CFO will meet with institutional investors [1]

Group 1 - MYR Group Inc. is a holding company specializing in electrical contracting services in the U.S. and Canada, focusing on Transmission & Distribution (T&D) and Commercial & Industrial (C&I) segments [2] - The company will participate in the Stifel 2025 Boston Cross Sector 1x1 investor conference on June 3, 2025, where its CEO and CFO will meet with institutional investors [1] - MYR Group's T&D segment offers comprehensive services including design, engineering, procurement, construction, and maintenance for electric transmission and distribution networks, as well as clean energy projects [2] Group 2 - The C&I segment of MYR Group provides a wide range of services for commercial and industrial wiring, including installations for airports, hospitals, data centers, and clean energy projects [2] - MYR Group's customer base includes investor-owned utilities, cooperatives, private developers, government-funded utilities, and general contractors [2]

Group 1 - MYR Group Inc. is a holding company specializing in electrical contracting services in the United States and Canada, focusing on Transmission & Distribution (T&D) and Commercial & Industrial (C&I) segments [2] - The T&D segment provides comprehensive services including design, engineering, procurement, construction, upgrade, maintenance, and repair for electric transmission, distribution networks, and clean energy projects [2] - The C&I segment offers a wide range of services for commercial and industrial wiring, catering to various facilities such as airports, hospitals, data centers, and manufacturing plants [2] Group 2 - MYR Group's CEO and CFO will attend Bernstein's Annual Strategic Decisions investor conference on May 30, 2025, to engage with institutional investors [1] - The conference is exclusive to Bernstein clients, highlighting the company's focus on investor relations and strategic decision-making [1]

Financial Data and Key Metrics Changes - The company's first quarter 2025 revenues were $834 million, an increase of $18 million or 2.2% compared to the same period last year [10] - Net income for the first quarter was $23 million, compared to $19 million for the same period last year, with net income per diluted share increasing by 29% to $1.45 [15] - EBITDA for the first quarter was $50 million, up from $40 million in the same period last year [15] - Operating cash flow was $83 million, significantly higher than $8 million for the same period last year [16] - Free cash flow was $70 million, compared to negative free cash flow of $18 million for the same period last year [16] Business Segment Data and Key Metrics Changes - Transmission and Distribution (T&D) revenues were $462 million, a decrease of 5.8% year-over-year, with transmission revenues at $270 million and distribution revenues at $192 million [10] - Commercial and Industrial (C&I) revenues were $372 million, an increase of 14.4% year-over-year, driven by fixed price contracts and T&E contracts [11] - T&D operating income margin improved to 7.8% from 6.1% year-over-year, while C&I operating income margin increased to 4.7% from 3.5% [12] Market Data and Key Metrics Changes - Total backlog as of March 31, 2025, was $2.64 billion, a 9% increase from the previous year, with T&D segment backlog at $873 million and C&I segment backlog at $1.77 billion [15] - The utility market is seeing significant investments, with new transmission projects approved amounting to $5.9 billion and additional plans of $6.7 billion [18][19] Company Strategy and Development Direction - The company aims to remain a strong partner by executing projects with superior quality and strategically pursuing new opportunities [8] - There is a commitment to operational consistency and long-term growth, with a focus on maintaining strong customer relationships [8][26] - The company is monitoring and pursuing project opportunities related to electrical infrastructure expansion in the U.S. and Canada [19] Management's Comments on Operating Environment and Future Outlook - Management noted that there have been no significant pullbacks from clients despite discussions around tariffs and inflation [30] - The company remains optimistic about the market, expecting continued growth in core segments, particularly in data centers and clean energy [23][24] - Management emphasized the importance of balancing organic growth, acquisitions, and share repurchase strategies [31][39] Other Important Information - The effective tax rate for the first quarter was 28.9%, up from 18% in the same period last year, primarily due to the absence of stock compensation excess tax benefits [14] - The company has a strong funded debt to EBITDA leverage ratio of 0.68 times as of March 31, 2025, indicating a solid financial position [17] Q&A Session Summary Question: How is the backlog and pipeline of opportunities on the C&I side? - Management reported active conversations with clients and no signs of pullback, indicating a positive outlook for the market [30] Question: What are the capital allocation priorities for the rest of the year? - The focus remains on supporting organic growth and being positioned for potential acquisitions, with no new share repurchase program announced at this time [31][32] Question: Can you confirm the margin targets for the year? - Management expects to maintain margins in the mid-range of their target of 7% to 10.5% [42] Question: How are tariffs impacting the cost profile, particularly on the C&I side? - Management acknowledged potential impacts from tariffs but emphasized that they are monitoring the situation closely [66] Question: What is the outlook for revenue growth in the T&D segment? - Management anticipates higher single-digit growth for the core T&D segment, excluding solar projects, which are expected to be a headwind [57][58]

Financial Data and Key Metrics Changes - The company's first quarter 2025 revenues were $834 million, an increase of $18 million or 2.2% compared to the same period last year [10] - Net income for the first quarter was $23 million, compared to $19 million for the same period last year, with net income per diluted share increasing by 29% to $1.45 [15] - EBITDA for the first quarter was $50 million, up from $40 million year-over-year [15] - Operating cash flow was $83 million, significantly higher than $8 million for the same period last year [16] - Free cash flow was $70 million, compared to negative free cash flow of $18 million for the same period last year [16] Business Segment Data and Key Metrics Changes - Transmission and Distribution (T&D) revenues were $462 million, a decrease of 5.8% year-over-year, with transmission revenues at $270 million and distribution revenues at $192 million [10] - Commercial and Industrial (C&I) revenues were $372 million, an increase of 14.4% year-over-year, driven by fixed price contracts and T&E contracts [11] - T&D operating income margin improved to 7.8% from 6.1% year-over-year, while C&I operating income margin increased to 4.7% from 3.5% [12] Market Data and Key Metrics Changes - Total backlog as of March 31, 2025, was $2.64 billion, a 9% increase from the previous year, with T&D segment backlog at $873 million and C&I segment backlog at $1.77 billion [15] - The utility market is seeing significant investments, with new transmission projects approved amounting to $5.9 billion and additional plans of $6.7 billion [18][19] Company Strategy and Development Direction - The company aims to remain a strong partner while executing projects with superior quality, focusing on operational consistency and long-term growth [8][9] - There is a commitment to strategically pursue new opportunities in response to growing electrification demand [8] - The company plans to continue investing in the safety and development of its teams, which are seen as critical to success [26] Management's Comments on Operating Environment and Future Outlook - Management noted that conversations with clients remain active, with no significant pullback observed despite discussions around tariffs and inflation [31] - The company expects to maintain a mid-range margin profile for the year, targeting 7% to 10.5% [43] - Management remains optimistic about growth opportunities in core markets, particularly in data centers and clean energy [23][24] Other Important Information - The company has a strong funded debt to EBITDA leverage ratio of 0.68 times as of March 31, 2025, indicating a solid financial position [17] - The company has exhausted its current share repurchase program, with no new program announced at this time, focusing instead on organic growth and potential acquisitions [32][33] Q&A Session Summary Question: Inquiry about C&I backlog and pipeline of opportunities - Management indicated active conversations with clients and no observed pullback in the market, maintaining a positive outlook [31] Question: Capital allocation priorities and share repurchase plans - The company prioritizes growth and is open to share repurchase if market conditions allow, but no new program is currently in place [32][33] Question: Impact of tariffs on cost profile and margins - Management acknowledged potential impacts from tariffs but emphasized that current contracts have stronger language to mitigate risks [67][68] Question: Future revenue growth expectations - Management expects higher single-digit growth for the core T&D segment, excluding solar, with a focus on maintaining margin profiles [57][58] Question: Details on a sizable transmission project in Virginia - The project is classified as midsized, with revenue expected to be recognized by the end of the year or early next year [66]

Financial Data and Key Metrics Changes - The company's first quarter 2025 revenues were $834 million, an increase of $18 million or 2.2% compared to the same period last year [8] - First quarter net income was $23 million, compared to $19 million for the same period last year, with net income per diluted share increasing 29% to $1.45 from $1.12 [14] - EBITDA for the first quarter was $50 million, up from $40 million year-over-year [14] - Operating cash flow was $83 million, significantly higher than $8 million for the same period last year [15] - Free cash flow was $70 million, compared to negative free cash flow of $18 million for the same period last year [15] Business Line Data and Key Metrics Changes - Transmission and Distribution (T&D) revenues were $462 million, a decrease of 5.8% year-over-year, with transmission revenues at $270 million and distribution revenues at $192 million [9] - Commercial and Industrial (C&I) revenues were $372 million, an increase of 14.4% year-over-year, driven by fixed price contracts and T&E contracts [10] - T&D operating income margin improved to 7.8% from 6.1% year-over-year, while C&I operating income margin increased to 4.7% from 3.5% [11][12] Market Data and Key Metrics Changes - Total backlog as of March 31, 2025, was $2.64 billion, a 9% increase from the previous year, with T&D segment backlog at $873 million and C&I segment backlog at $1.77 billion [14] - The utility market is seeing significant opportunities, including $5.9 billion in new transmission projects approved by PJM and $6.7 billion in MISO transmission planning [17][18] Company Strategy and Development Direction - The company remains committed to operational consistency and expanding customer relationships through master service agreements and strategic pursuits [6] - There is a focus on capturing growth opportunities in electrical infrastructure due to increasing demand for electrification [6] - The company plans to continue investing in the development and safety of its teams, which are seen as critical to success [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the active market and ongoing conversations with clients, indicating no current pullback in project commitments [31] - The company is monitoring macroeconomic factors such as tariffs and inflation but has not seen significant impacts on its core business [50] - Future growth is anticipated in core markets, particularly in data centers, healthcare, and clean energy, with positive forecasts for 2025 [22] Other Important Information - The company has maintained a strong funded debt to EBITDA leverage ratio of 0.68 times as of March 31, 2025 [16] - SG&A expenses increased to $62.5 million, primarily due to higher employee-related expenses [12] Q&A Session Summary Question: Inquiry about C&I backlog and pipeline of opportunities - Management noted active conversations with clients and no signs of pullback, indicating a positive outlook for the market [31] Question: Capital allocation priorities and share repurchase plans - The company is prioritizing growth and is not announcing another share repurchase program at this time, but remains flexible to market conditions [32][33] Question: Impact of tariffs on clean energy projects - Management acknowledged potential pauses in some geographic areas but emphasized that the core business remains strong [50] Question: Free cash flow expectations for the rest of the year - Management highlighted a strong financial position but noted variability in free cash flow conversion due to project timing and payment terms [36] Question: CapEx decisions and purchasing strategies - The company indicated that lower CapEx in the first quarter was due to timing and that they continue to use a mix of purchasing and rental strategies for equipment [55] Question: Expectations for T&D revenue growth and solar project impacts - Management confirmed expectations for mid-single-digit growth in the core T&D segment, with solar projects presenting a headwind [58][61]

MYR Group (MYRG) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.89%. A quarter ago, it was expected that this electrical construction services provider would post earnings of $0.30 per share when it actually produced earnings of $0.99, delivering a surprise of 230%.Over the last f ...