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MYR Group Q1 2024 Earnings Report

MYR Group logo
$160.16 +2.09 (+1.32%)
(As of 12/3/2024 ET)

MYR Group EPS Results

Actual EPS
$1.12
Consensus EPS
$1.02
Beat/Miss
Beat by +$0.10
One Year Ago EPS
$1.38

MYR Group Revenue Results

Actual Revenue
$815.56 million
Expected Revenue
$854.13 million
Beat/Miss
Missed by -$38.57 million
YoY Revenue Growth
+0.50%

MYR Group Announcement Details

Quarter
Q1 2024
Time
After Market Closes
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MYR Group Earnings Headlines

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About MYR Group

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, clean energy projects, and electric vehicle charging infrastructure services, as well as emergency restoration services in response to hurricane, wildfire, ice, or other related damages. This segment serves as a prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of intelligent transportation systems, roadway lighting, and signalization for airports, hospitals, data centers, hotels, stadiums, commercial and industrial facilities, clean energy projects, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization, and electric vehicle charging infrastructure. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. The company was founded in 1891 and is headquartered in Thornton, Colorado.

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