MYR Group reports Q3 EPS 65c, consensus 35c

Reports Q3 revenue $888.043M, consensus $917.18M. Rick Swartz, MYR’s President and CEO, said, “Our core markets remain active, and bidding activity continued at a robust pace during the quarter. Opportunities for long-term growth remain healthy as we continue to strategically expand our strong customer relationships across our business segments.” Mr. Swartz also said, “Our third quarter performance showed improvement over the second quarter, demonstrating strong project execution in core areas of our business as we continue to resolve unfavorable impacts from a relatively small group of projects expected to complete this year.”