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MYR Group (MYRG)
NASDAQ:MYRG
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.17Last Year’s EPS
1.12Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -10.16%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed performance with significant revenue declines and increased tax rates impacting overall profitability. However, there were positive developments in gross margin improvement, backlog growth, and a strong balance sheet. The outlook for future bidding activities remains positive, with strategic partnerships and a healthy pipeline in place.Company Guidance
During MYR Group's fourth quarter 2024 earnings call, the company highlighted several key metrics and strategic insights. Their backlog increased to $2.6 billion, reflecting a favorable bidding environment and ongoing infrastructure investments. Despite a 17% decrease in overall revenue to $830 million, largely due to the completion of certain clean energy projects, the company's gross margin improved to 10.4% from 9.7% the previous year. The T&D segment's revenue was reported at $450 million, down 24%, while C&I revenue decreased by 8% to $380 million. The operating income margin for T&D was 6.7% and for C&I was 3.9%. Net income for the quarter was $16 million, a decrease from $24 million the previous year, with earnings per diluted share at $0.99. The company ended the year with $266 million in working capital and maintained a funded debt to EBITDA leverage ratio of 0.63 times. The call also emphasized the company's focus on long-term growth opportunities in key markets such as data centers, healthcare, and clean energy, supported by significant projected increases in capital expenditures within the utility industry.Increased Backlog
The company's backlog increased to $2.6 billion, reflecting a healthy bidding environment and ongoing investments in infrastructure.
Gross Margin Improvement
Gross margin for Q4 2024 was 10.4%, up from 9.7% in the same period last year, due to better than anticipated productivity and favorable change orders.
Healthy Bidding Activity
Bidding activity in both T&D and C&I segments remains robust, with positive outlooks for 2025 and beyond.
Strategic Partnerships
Continued expansion of relationships through multiyear master service and alliance agreements.
Strong Balance Sheet
Maintained a strong funded debt to EBITDA leverage ratio of 0.63 times as of December 31, 2024.
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MYRG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MYRG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $125.88 | $120.00 | -4.67% |
| Oct 30, 2024 | $115.33 | $131.00 | +13.59% |
| Jul 31, 2024 | $140.48 | $109.00 | -22.41% |
| May 01, 2024 | $164.82 | $151.99 | -7.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MYR Group (MYRG) report earnings?
MYR Group (MYRG) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is MYR Group (MYRG) earnings time?
MYR Group (MYRG) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MYRG EPS forecast?
MYRG EPS forecast for the fiscal quarter 2025 (Q1) is 1.17.
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