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, 2022 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 2022 Earnings Conference Call April 28, 2022 10:00 AM ET Company Participants David Gutierrez - Investor Relations Rich Swartz - President and Chief Executive Officer Betty Johnson - Senior Vice President and Chief Financial Officer Tod Cooper - Senior Vice President and Chief Operating Officer, Transmission and Distribution Jeff Waneka - Senior Vice President and Chief Operating Officer, Commercial and Industrial Conference Call Participants Alex Dwyer - KeyBanc Capital Mark ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the transition period from to Commission file number: 1-08325 _____________________________________________________________ MYR GROUP INC. ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) For the quarterly period ended March 31, 2022 OR Delaware 36-3158643 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...

Financial Data and Key Metrics Changes - The company reported record high revenues of $2.5 billion for the full year 2021, marking the seventh consecutive year of revenue growth [8] - Fourth quarter 2021 revenues were $646 million, an increase of $38 million or 6.3% compared to the same period last year [13] - Fourth quarter net income was $20.7 million or $1.20 per diluted share, compared to $18.2 million or $1.07 per diluted share for the same period last year [17] - Full year 2021 net income reached a record $85 million, with EBITDA of $164.2 million [22] Business Line Data and Key Metrics Changes - Transmission and Distribution (T&D) segment revenues were $353.3 million for the fourth quarter, an increase of 10.9% year-over-year [13] - C&I segment revenues were $292.7 million, with a modest increase of 1.2% compared to the same period last year [15] - The T&D segment backlog was $676.1 million, while the C&I segment backlog reached a record high of $1.1 billion [18] Market Data and Key Metrics Changes - The company noted trends in the energy market indicating continued investment in clean energy and improving grid resiliency [9] - The architectural billing index and the Dodge Momentum Index showed upward trends, with the latter increasing by 23%, the strongest yearly gains since 2005 [34] Company Strategy and Development Direction - The company aims to leverage its comprehensive solutions for complex projects and maintain its status as an industry leader [11] - The recent acquisition of Powerline companies is expected to enhance the company's capabilities and market presence in Eastern Canada [10] - The company is focused on expanding its customer base and investing in clean energy projects, healthcare, and high-tech manufacturing [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges posed by COVID-19 and supply chain disruptions, particularly in the C&I segment [33][67] - The company anticipates continued growth opportunities in both T&D and C&I segments, driven by infrastructure investments and clean energy projects [41] Other Important Information - The company had a total backlog of $1.79 billion at the end of 2021, reflecting an 8.5% increase from the previous year [18] - The funded debt-to-EBITDA leverage ratio remained strong at 0.03 times as of December 31, 2021 [20] Q&A Session Summary Question: Update on large Solar EPC project awarded to CSI - Management confirmed that the project is proceeding as planned and supply chain issues have not affected it so far [47] Question: Update on lower-margin C&I projects - Management indicated that lower-margin projects will complete in the first half of the year, with some minor impacts from COVID restrictions [48][50] Question: Margin profile of Powerline Plus and M&A appetite - Management stated that Powerline Plus is expected to perform at the upper end of T&D margins, but will not be accretive in 2022 due to amortization [56][57] Question: Labor retention issues - Management acknowledged competitive labor market conditions but emphasized their focus on employee satisfaction and retention [58] Question: New transmission project award details - The project is located in the Eastern U.S. and is expected to leverage existing relationships with strong customers [64] Question: COVID restrictions and supply chain issues - Management clarified that ongoing supply chain issues are primarily due to COVID impacts, affecting project schedules [67] Question: T&D margins and competitive positioning - Management aims to operate at the upper end of the margin target, with a strong market outlook [68][71]

Customer Concentration and Revenue Sources - For the years ended December 31, 2021, 2020, and 2019, the top 10 customers accounted for 34.9%, 32.7%, and 30.8% of total revenues, respectively, with no single customer exceeding 10.0% of annual revenues[25]. - Revenues from T&D customers represented 52.1%, 51.4%, and 54.8% of total revenues for the years ended December 31, 2021, 2020, and 2019, while C&I customers accounted for 47.9%, 48.6%, and 45.2% respectively[26]. - The Company’s top ten customers accounted for approximately 34.9% of consolidated revenues for the year ended December 31, 2021[313]. Financial Performance - Contract revenues for 2021 were $2,498,289, representing a 11.1% increase from $2,247,392 in 2020[267]. - Gross profit rose to $324,981, a 17.8% increase compared to $275,853 in 2020[267]. - Net income attributable to MYR Group Inc. was $85,010, up 44.7% from $58,759 in 2020[267]. - Basic income per share increased to $5.05, compared to $3.52 in 2020, reflecting a 43.4% growth[267]. - Income before income taxes increased to $116.3 million in 2021 from $81.4 million in 2020, representing a 43% growth[355]. - The effective tax rate for 2021 was 26.9%, slightly down from 27.8% in 2020[357]. Backlog and Future Revenue - The company’s backlog includes projects with a written award, letter of intent, or notice to proceed, but may not accurately represent future revenue due to the nature of contract cancellations and the duration of contracts[44]. - Total backlog as of December 31, 2021, was $1,789,144, with $423,734 estimated not to be recognized within the next twelve months[45]. - The backlog for T&D was $676,130, while C&I backlog was $1,113,014 as of December 31, 2021[45]. - The company had $1.68 billion in remaining performance obligations as of December 31, 2021, with $423.7 million expected not to be recognized within the next twelve months[352][354]. - The company expects a majority of remaining performance obligations to be recognized within twenty-four months[354]. Operational Efficiency and Management - The company differentiates itself by bidding on larger and more technically complex projects, leveraging its strong operating history and local market share[41]. - The centralized fleet management group optimizes equipment utilization, which is critical for maintaining competitive equipment costs[48]. - The company’s management teams actively promote and market services for prospective large-scale projects and national accounts to pursue growth opportunities[24]. Compliance and Regulatory Environment - The company believes it is in substantial compliance with environmental laws and regulations, which should not materially affect its financial condition[52]. - The company’s operations are subject to various regulatory requirements, and failure to comply could result in project delays and fines[50]. Employee and Labor Relations - The company employed approximately 7,600 individuals as of December 31, 2021, with 92% of craft employees being union members[57]. - Approximately 92% of the Company's craft labor employees were covered by collective bargaining agreements as of December 31, 2021[315]. Assets and Liabilities - Total assets increased to $1,121,092, up 12.6% from $995,859 in 2020[264]. - Total current assets reached $748,390, an increase of 17.5% from $636,684 in 2020[264]. - Total liabilities rose to $601,990, up 6.3% from $566,567 in 2020[264]. - The company had total debt of $4.5 million as of December 31, 2021, significantly reduced from $29.4 million in 2020, indicating a decrease of 84.7%[339]. - The company had no outstanding debt under its credit facility as of December 31, 2021, with letters of credit totaling approximately $12.3 million[343]. Cash Flow and Investments - Net cash flows provided by operating activities decreased to $137,228,000 in 2021 from $175,167,000 in 2020, a decline of 21.7%[273]. - The company had net cash flows used in investing activities of $(49,299,000) in 2021, compared to $(40,926,000) in 2020, indicating a 20.0% increase in cash outflow[273]. - Cash and cash equivalents significantly increased to $82,092, compared to $22,668 in 2020, marking a 262.5% growth[264]. Stock-Based Compensation and Employee Benefits - The Company recognized stock-based compensation expense of $7,496,000 in 2021, up from $5,688,000 in 2020, marking a 31.8% increase[273]. - Total contributions to defined contribution plans for the years ended December 31, 2021, 2020, and 2019 amounted to $17.8 million, $16.8 million, and $10.9 million, respectively[385]. - The Company contributes to multiemployer defined benefit pension plans under collective-bargaining agreements, with obligations that may vary based on the plan's funding status[386]. Internal Control and Financial Reporting - The company maintained effective internal control over financial reporting as of December 31, 2021, providing reasonable assurance regarding the reliability of financial reporting[249]. - The independent registered public accounting firm audited the effectiveness of the company's internal control over financial reporting as of December 31, 2021[251]. - The company’s financial statements present fairly the financial position as of December 31, 2021, in conformity with generally accepted accounting principles[253]. Changes in Estimates and Revenue Recognition - The company recognizes revenue on fixed price construction projects over time using the cost-to-cost method, which involves significant estimates based on project conditions[260]. - Changes in estimates of variable consideration and costs to complete on in-process construction projects could significantly impact the amount of contract revenue recognized[260]. - During the year ended December 31, 2021, changes in estimates increased consolidated gross margin by 0.4%, resulting in an increase in operating income of $9.2 million and net income of $6.6 million, with diluted earnings per share of $0.39[289]. - In 2020, changes in estimates decreased consolidated gross margin by 0.8%, leading to a decrease in operating income of $18.0 million and net income of $12.8 million, with diluted earnings per share of $0.76[290].

N 1 R PRESENTATIO INVESTOR PRESENTATION Q3 INVESTO Q3 | OCTOBER 2021 | NASDAQ: MYRG N 2 SAFE HARBOR STATEMENT NOTE: Images used throughout this presentation may have been taken before COVID. 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 a ...

MYR Group, Inc. (NASDAQ:MYRG) Q3 2021 Earnings Conference Call October 28, 2021 10:00 AM ET Company Participants David Gutierrez ??? Dresner Corporate Services Rick Swartz ??? President and Chief Executive Officer Betty Johnson ??? Senior Vice President and Chief Financial Officer Tod Cooper ??? Senior Vice President and Chief Operating Officer of MYR Group???s Transmission & Distribution Jeff Waneka ??? Senior Vice President and Chief Operating Officer of MYR Group???s Commercial & Industrial Conference Ca ...

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, 2021 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. (State or other jurisdiction of inc ...

MYR Group Inc. (NASDAQ:MYRG) Q2 2021 Earnings Conference Call July 29, 2021 11:00 AM ET Company Participants David Gutierrez - IR, Dresner Corporate Services. Richard Swartz - President and Chief Executive Officer Betty Johnson - Senior Vice President and Chief Financial Officer Tod Cooper - Senior Vice President and COO of MYR Group???s Transmission & Distribution segment Jeffrey Waneka - Senior Vice President and COO of MYR Group???s Commercial & Industrial segment. Conference Call Participants Justin Hau ...

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, 2021 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 ...