MYR Group reports Q1 EPS $1.45, consensus $1.20

Reports Q1 revenue $833.62M, consensus $785.93M. Reports backlog of $2.64B. Rick Swartz, MYR Group’s (MYRG) president and CEO, said, “We achieved solid financial results in the first quarter of 2025, with increases in revenue, net income, and consolidated gross profit compared to the same period of 2024. Our backlog at the end of the first quarter was $2.64 billion, which is reflective of the investments being made to meet the growing electrification demand.” Mr. Swartz continued, “Bidding activity remains healthy across both our business segments, and we continue expanding strong customer relationships through master service agreements, performing ongoing work for our long-term customers, and strategically exploring new opportunities to drive sustained growth.”