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 |
|---|---|---|---|
| 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 |
| 1/17/2023 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 10/28/2022 | $99.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
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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
THORNTON, Colo., April 29, 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 Bank of America Power, Utilities & Alternative Energy investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the Bank of America Power, Utilities & Alternative Energy Conference on Thursday, May 29, 2025, in New York City. This event is only available to Bank of America clients. About M
THORNTON, Colo., April 28, 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 KeyBanc Industrials & Basic Materials investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the KeyBanc Industrials & Basic Materials Conference on Wednesday, May 28, 2025, in Boston. This event is only available to KeyBanc clients. About MYR Group Inc.MYR Group is a holding company of
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., April 15, 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 Oppenheimer Annual Industrial Growth investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will virtually meet with institutional investors during the Oppenheimer 20th Annual Industrial Growth Conference on Tuesday, May 6, 2025. This event is only available to Oppenheimer clients. About MYR Group Inc.MYR Group is a holding
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. 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
4 - MYR GROUP INC. (0000700923) (Issuer)
4 - MYR GROUP INC. (0000700923) (Issuer)
4 - MYR GROUP INC. (0000700923) (Issuer)
4 - MYR GROUP INC. (0000700923) (Issuer)
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
KeyBanc Capital Markets downgraded MYR Group from Overweight to Sector Weight
KeyBanc Capital Markets upgraded MYR Group from Sector Weight to Overweight and set a new price target of $99.00
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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.
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
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
THORNTON, Colo., May 01, 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 first-quarter 2024 financial results. Highlights for First Quarter 2024 Quarterly revenues of $815.6 millionQuarterly net income of $18.9 million, or $1.12 per diluted shareQuarterly EBITDA of $39.8 millionBacklog of $2.43 billion Management CommentsRick Swartz, MYR's President and CEO, said, "Our first quarter 2024 financials resulted in a slight increase in revenues and consolidated gross profit compared t
THORNTON, Colo., April 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 first-quarter 2024 results on Wednesday, May 1, 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, May 2, 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/BI854acb449c13458fab