MYR Group reports Q2 EPS $1.70, consensus $1.52

Reports Q2 revenue $900.325M, consensus $836.22M. Rick Swartz, MYR’s President and CEO, said, “Our second quarter performance resulted in quarterly revenues of $900 million and backlog of $2.64 billion with net income, consolidated gross profit, gross margin and EBITDA all increasing compared to the same period of 2024.” Mr. Swartz continued, “This quarter, we secured multiple master services agreements and new projects across our core markets, further expanding our business footprint. We value the strong relationships we’ve established with our customers and continue to leverage the full capabilities of MYR Group (MYRG) companies to enhance the value we deliver while strategically positioning ourselves for future growth.”