MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates through two segments, Transmission and Distribution, and Commercial and Industrial. The company's 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. Its services include construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, and renewable power facilities; and limited gas construction services, as well as emergency restoration services in response to hurricane, ice, or other storm 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. Its Commercial and Industrial segment provides services, such as design, installation, maintenance, and repair of commercial and industrial wiring; and installation of traffic networks, bridge, roadway, and tunnel lighting. This segment offers its services for airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy projects, manufacturing plants, processing facilities, waste-water treatment facilities, mining facilities, and transportation control and management systems. It serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. MYR Group Inc. was founded in 1891 and is headquartered in Henderson, Colorado.
IPO Year: 2008
Exchange: NASDAQ
Website: myrgroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/15/2025 | $202.00 | Hold | Jefferies |
| 6/6/2025 | Buy → Neutral | Goldman | |
| 4/8/2025 | $124.00 | Neutral | Piper Sandler |
| 3/14/2025 | $136.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 2/26/2024 | $165.00 | Buy → Neutral | Sidoti |
| 1/10/2024 | Sector Weight | KeyBanc Capital Markets | |
| 12/15/2023 | $164.00 | Buy | Goldman |
| 11/16/2023 | $144.00 | Buy | Stifel |
| 10/17/2023 | Neutral → Buy | Sidoti | |
| 7/19/2023 | $163.00 | Buy → Neutral | Sidoti |
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Jefferies initiated coverage of MYR Group with a rating of Hold and set a new price target of $202.00
Goldman downgraded MYR Group from Buy to Neutral
Piper Sandler initiated coverage of MYR Group with a rating of Neutral and set a new price target of $124.00
KeyBanc Capital Markets upgraded MYR Group from Sector Weight to Overweight and set a new price target of $136.00
Sidoti downgraded MYR Group from Buy to Neutral and set a new price target of $165.00
KeyBanc Capital Markets initiated coverage of MYR Group with a rating of Sector Weight
Goldman initiated coverage of MYR Group with a rating of Buy and set a new price target of $164.00
Stifel resumed coverage of MYR Group with a rating of Buy and set a new price target of $144.00
Sidoti upgraded MYR Group from Neutral to Buy
Sidoti downgraded MYR Group from Buy to Neutral and set a new price target of $163.00
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
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4 - MYR GROUP INC. (0000700923) (Issuer)
4 - MYR GROUP INC. (0000700923) (Issuer)
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10-Q - MYR GROUP INC. (0000700923) (Filer)
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Highlights Mr. Evans Is a Proven Public Company CFO and Value Creator, Who Has Successfully Worked Alongside CEO Kurt Wolf While on the Boards of Pitney Bowes and GameStop Notes Mr. Evans Has Stepped Down as a Director, and Peter Brimm, a Seasoned Investor and Finance Expert, Has Been Appointed as an Independent Member of the Pitney Bowes Board Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven products and services company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced the appointment of Paul Evans as the Company's next EVP, Chief Financial Officer ("CFO") and Treasurer, eff
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Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced the appointment of Lance Rosenzweig as the Company's permanent Chief Executive Officer ("CEO"), effective immediately. The Company's Board of Directors (the "Board") carried out an extensive CEO search process that was supported by a nationally recognized executive recruiting firm and included both internal and external candidates. After assessing Mr. Rosenzweig's considerable contributions as interim CEO and his track record of value creation at Pitney Bowes and at other co
THORNTON, Colo., March 27, 2023 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR Group" or the "Company") (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 that as part of a planned leadership succession process, Jeffrey J. "Jeff" Waneka notified the Company of his decision to retire as Senior Vice President and Chief Operating Officer of MYR Group's Commercial and Industrial ("C&I") segment, effective May 1, 2023. Mr. Waneka will remain in an advisory role with the Company to assist with an orderly transition of his duties. Mr. Waneka will b
THORNTON, Colo., Jan. 09, 2023 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR Group" or the "Company") (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 that as part of a planned leadership succession process, Betty R. Johnson notified the Board of Directors of her decision to retire as Senior Vice President and Chief Financial Officer of the Company, effective on February 24, 2023. Ms. Johnson will be succeeded by Kelly Huntington, who will assume the role of Senior Vice President on January 9, 2023 and the role of Senior Vice President &
HENDERSON, Colo., May 02, 2022 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR Group" or the "Company") (NASDAQ:MYRG), announced today the appointment of Ajoy H. Karna to the Company's Board of Directors (the "Board"), effective May 2, 2022. Mr. Karna will serve as a Class III director and on the Board's Audit Committee. "We are excited to announce Ajoy's appointment as a new member of our Board of Directors," said MYR Group's Chair of the Board, Kenneth M. Hartwick. "Ajoy brings diverse expertise and strong leadership skills. His financial and strategic experience with global organizations will offer a unique perspective to our Board. We welcome Ajoy in his new role and look forward to his co
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THORNTON, Colo., July 30, 2025 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR or the "Company") (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 second quarter and first half 2025 financial results. Highlights for Second Quarter 2025 Quarterly revenues of $900.3 millionRecord quarterly net income of $26.5 million, or $1.70 per diluted shareRecord quarterly EBITDA of $55.6 millionBacklog of $2.64 billion Management CommentsRick Swartz, MYR's President and CEO, said, "Our second quarter performance resulted in quarterly revenues of $90
THORNTON, Colo., July 16, 2025 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR Group") (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 it will release its second quarter 2025 results on Wednesday, July 30, 2025, after the market closes. In conjunction with the release, MYR Group has scheduled a conference call and simultaneous webcast to discuss results on Thursday, July 31, 2025, at 8 a.m. Mountain Time. To participate via telephone and join the call live, please register in advance here: https://register-conf.media-server.com/register/BI77f3a6
THORNTON, Colo., April 30, 2025 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR Group") (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 first quarter 2025 financial results. Highlights for First Quarter 2025 Quarterly revenues of $833.6 millionQuarterly net income of $23.3 million, or $1.45 per diluted shareQuarterly EBITDA of $50.2 millionBacklog of $2.64 billion Management CommentsRick Swartz, MYR Group's President and CEO, said, "We achieved solid financial results in the first quarter of 2025, with increases in revenue, net incom
THORNTON, Colo., April 16, 2025 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR Group") (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 it will release its first quarter 2025 results on Wednesday, April 30, 2025, after the market closes. In conjunction with the release, MYR Group has scheduled a conference call and simultaneous webcast to discuss results on Thursday, May 1, 2025, at 8 a.m. Mountain Time. To participate via telephone and join the call live, please register in advance here: https://register-conf.media-server.com/register/BI7b1171e
THORNTON, Colo., Feb. 26, 2025 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR" or the "Company") (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 2024 financial results, and a new share repurchase program ("Repurchase Program"). Fourth Quarter 2024 Highlights Quarterly revenues of $829.8 millionQuarterly net income of $16.0 million, or $0.99 per diluted shareQuarterly EBITDA of $45.5 million Full Year 2024 Highlights Full-year revenues of $3.36 billionFull-year net income of $30.3
THORNTON, Colo., Feb. 12, 2025 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR Group") (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 it will release its fourth quarter and full year 2024 results on Wednesday, Feb. 26, 2025, after the market closes. In conjunction with the release, MYR Group has scheduled a conference call and simultaneous webcast to discuss results on Thursday, Feb. 27, 2025, at 8 a.m. Mountain time. To participate via telephone and join the call live, please register in advance here: https://register.vevent.com/register/BI410
THORNTON, Colo., Oct. 30, 2024 (GLOBE NEWSWIRE) -- 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 third-quarter and first nine-months 2024 financial results. Highlights for Third Quarter 2024 Quarterly revenues of $888.0 millionQuarterly net income of $10.6 million, or $0.65 per diluted shareQuarterly EBITDA of $37.2 millionBacklog of $2.60 billion Management CommentsRick Swartz, MYR's President and CEO, said, "Our core markets remain active, and bidding activity continued at a robust pace during the qu
THORNTON, Colo., Oct. 16, 2024 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR Group") (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 it will release its third-quarter 2024 results on Wednesday, Oct. 30, 2024, after the market closes. In conjunction with the release, MYR Group has scheduled a conference call and simultaneous webcast to discuss results on Thursday, Oct. 31, 2024, at 8:00 a.m. Mountain time. To participate via telephone and join the call live, please register in advance here: https://register.vevent.com/register/BIcf56e5d4dfbd47a
THORNTON, Colo., July 31, 2024 (GLOBE NEWSWIRE) -- 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 second-quarter and first-half 2024 financial results. Highlights for Second Quarter 2024 Quarterly revenues of $828.9 millionQuarterly net loss of $15.3 million, or ($0.91) per diluted shareQuarterly EBITDA of ($4.7) millionBacklog of $2.54 billion Management CommentsRick Swartz, MYR's President and CEO, said, "Our second quarter 2024 financials reflected decreased revenues and consolidated gros
THORNTON, Colo., July 17, 2024 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR Group") (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 it will release its second-quarter 2024 results on Wednesday, July 31, 2024, after the market closes. In conjunction with the release, MYR Group has scheduled a conference call and simultaneous webcast to discuss results on Thursday, Aug. 1, 2024, at 8:00 a.m. Mountain time. To participate via telephone and join the call live, please register in advance here: https://register.vevent.com/register/BI677e6fd415474fe
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
4 - MYR GROUP INC. (0000700923) (Issuer)
4 - MYR GROUP INC. (0000700923) (Issuer)
4 - MYR GROUP INC. (0000700923) (Issuer)
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THORNTON, Colo., Aug. 18, 2025 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR Group") (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 it will participate in the KeyBanc Taking Charge: Energy Transition Symposium investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will virtually meet with institutional investors during the KeyBanc Taking Charge: Energy Transition Symposium on Thursday, Sept. 18, 2025. This event is only available to KeyBanc clients. About MYR Group Inc.MYR Group
THORNTON, Colo., July 30, 2025 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR or the "Company") (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 second quarter and first half 2025 financial results. Highlights for Second Quarter 2025 Quarterly revenues of $900.3 millionRecord quarterly net income of $26.5 million, or $1.70 per diluted shareRecord quarterly EBITDA of $55.6 millionBacklog of $2.64 billion Management CommentsRick Swartz, MYR's President and CEO, said, "Our second quarter performance resulted in quarterly revenues of $90
Highlights Mr. Evans Is a Proven Public Company CFO and Value Creator, Who Has Successfully Worked Alongside CEO Kurt Wolf While on the Boards of Pitney Bowes and GameStop Notes Mr. Evans Has Stepped Down as a Director, and Peter Brimm, a Seasoned Investor and Finance Expert, Has Been Appointed as an Independent Member of the Pitney Bowes Board Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven products and services company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced the appointment of Paul Evans as the Company's next EVP, Chief Financial Officer ("CFO") and Treasurer, eff
THORNTON, Colo., July 16, 2025 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR Group") (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 it will release its second quarter 2025 results on Wednesday, July 30, 2025, after the market closes. In conjunction with the release, MYR Group has scheduled a conference call and simultaneous webcast to discuss results on Thursday, July 31, 2025, at 8 a.m. Mountain Time. To participate via telephone and join the call live, please register in advance here: https://register-conf.media-server.com/register/BI77f3a6
THORNTON, Colo., July 14, 2025 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR Group") (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 that an MYR Group subsidiary has executed a five-year Design-Build Electric Distribution Master Service Agreement (MSA) with Xcel Energy Inc. (Xcel Energy). The MSA includes turnkey, design-build distribution services including, permitting, right of way, public outreach, design and construction in Xcel Energy's service territories across multiple states. The contract is effective through 2029, and it is anticipate
THORNTON, Colo., May 12, 2025 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR Group") (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 it will attend the 2025 Wells Fargo Industrials & Materials investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the 2025 Wells Fargo Industrials & Materials Conference on Thursday, June 12, 2025, in Chicago. This event is only available to Wells Fargo clients. About MYR Group Inc.MYR Group is a holding c
THORNTON, Colo., May 07, 2025 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR Group") (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 it will attend the Baird 2025 Global Consumer, Technology & Services investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the Baird 2025 Global Consumer, Technology & Services Conference on Wednesday, June 4, 2025, in New York City. This event is only available to Baird clients. About MYR Group Inc.MYR Gr
THORNTON, Colo., May 05, 2025 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR Group") (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 it will attend the Stifel 2025 Boston Cross Sector 1x1 investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the Stifel 2025 Boston Cross Sector 1x1 Conference on Tuesday, June 3, 2025, in Boston. This event is only available to Stifel clients. About MYR Group Inc.MYR Group is a holding company of leading,
THORNTON, Colo., May 01, 2025 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR Group") (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 it will attend Bernstein's Annual Strategic Decisions investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during Bernstein's 41st Annual Strategic Decisions Conference on Friday, May 30, 2025, in New York City. This event is only available to Bernstein clients. About MYR Group Inc.MYR Group is a holding company
THORNTON, Colo., April 30, 2025 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR Group") (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 first quarter 2025 financial results. Highlights for First Quarter 2025 Quarterly revenues of $833.6 millionQuarterly net income of $23.3 million, or $1.45 per diluted shareQuarterly EBITDA of $50.2 millionBacklog of $2.64 billion Management CommentsRick Swartz, MYR Group's President and CEO, said, "We achieved solid financial results in the first quarter of 2025, with increases in revenue, net incom
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