MYR Group Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

$MYRG
Water Sewer Pipeline Comm & Power Line Construction
Industrials
Get the next $MYRG alert in real time by email
myrg-20241030
false000070092300007009232024-10-302024-10-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 30, 2024
MYR GROUP INC.
(Exact name of registrant as specified in its charter)
Delaware1-0832536-3158643
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
12121 Grant Street,Suite 610
Thornton,CO80241
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code:  (303) 286-8000
None
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.01 par valueMYRGThe Nasdaq Stock Market, LLC
(Nasdaq Global Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨



Item 2.02 Results of Operations and Financial Condition.
On October 30, 2024, MYR Group Inc. issued a press release announcing its financial results for the three and nine months ended September 30, 2024. The press release is furnished hereto as Exhibit 99.1.
This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) The following exhibit is being furnished with this Current Report on Form 8-K.
104Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)
-2-


SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MYR GROUP INC.
Dated: October 30, 2024
By:/s/ KELLY M. HUNTINGTON
Name:Kelly M. Huntington
Title:Senior Vice President and Chief Financial Officer
-3-
Get the next $MYRG alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$MYRG

DatePrice TargetRatingAnalyst
3/14/2025$136.00Sector Weight → Overweight
KeyBanc Capital Markets
2/26/2024$165.00Buy → Neutral
Sidoti
1/10/2024Sector Weight
KeyBanc Capital Markets
12/15/2023$164.00Buy
Goldman
11/16/2023$144.00Buy
Stifel
10/17/2023Neutral → Buy
Sidoti
7/19/2023$163.00Buy → Neutral
Sidoti
1/17/2023Overweight → Sector Weight
KeyBanc Capital Markets
More analyst ratings

$MYRG
Press Releases

Fastest customizable press release news feed in the world

See more
  • MYR Group Inc. Announces Fourth Quarter and Full Year 2024 Results

    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

    $MYRG
    Water Sewer Pipeline Comm & Power Line Construction
    Industrials
  • MYR Group Inc. to Participate in Sidoti Small-Cap Virtual Conference in March

    THORNTON, Colo., Feb. 19, 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 Sidoti Small-Cap virtual investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will virtually meet with institutional investors during the Sidoti Small-Cap Virtual Conference on Wednesday, March 19, 2025. This event is only available to Sidoti clients. About MYR Group Inc.MYR Group is a holding company of leading, specialty

    $MYRG
    Water Sewer Pipeline Comm & Power Line Construction
    Industrials
  • MYR Group Inc. Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Schedule

    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

    $MYRG
    Water Sewer Pipeline Comm & Power Line Construction
    Industrials

$MYRG
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$MYRG
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$MYRG
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$MYRG
SEC Filings

See more

$MYRG
Leadership Updates

Live Leadership Updates

See more
  • Jennifer Lowry to Join the Board of Directors of TPI Composites, Inc.

    SCOTTSDALE, Ariz., Nov. 07, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (TPI) (NASDAQ:TPIC) announced today that Jennifer Lowry will be appointed to its board of directors, effective as of November 13, 2024. Ms. Lowry also will serve on the Audit Committee of the Board. Ms. Lowry brings many years of broad finance experience in the electric power industry. "We are excited to have Jen join our board," said Bill Siwek, TPI's President and CEO. "We will greatly benefit from Jen's experience in the electric power industry to help support our long-term strategy." Ms. Lowry currently serves as an independent director of Clearway Energy, Inc. (NYSE:CWEN) since February 2022 and MYR Group Inc.

    $CWEN
    $MYRG
    $TPIC
    Electric Utilities: Central
    Utilities
    Water Sewer Pipeline Comm & Power Line Construction
    Industrials
  • Pitney Bowes Appoints Lance Rosenzweig as Permanent CEO and Strengthens Board of Directors

    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

    $GM
    $GME
    $IAC
    $MYRG
    Auto Manufacturing
    Consumer Discretionary
    Electronics Distribution
    Computer Software: Programming Data Processing
  • MYR Group Inc. Announces Senior Leadership Succession Plan

    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

    $MYRG
    Water Sewer Pipeline Comm & Power Line Construction
    Industrials

$MYRG
Financials

Live finance-specific insights

See more
  • MYR Group Inc. Announces Fourth Quarter and Full Year 2024 Results

    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

    $MYRG
    Water Sewer Pipeline Comm & Power Line Construction
    Industrials
  • MYR Group Inc. Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Schedule

    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

    $MYRG
    Water Sewer Pipeline Comm & Power Line Construction
    Industrials
  • MYR Group Inc. Announces Third-Quarter and First Nine-Months 2024 Results

    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

    $MYRG
    Water Sewer Pipeline Comm & Power Line Construction
    Industrials

$MYRG
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more