The earnings call reflects a strong performance with significant revenue growth, improved margins, and profitability, supported by new contracts and a robust backlog. However, there are challenges with increased costs and SG&A expenses.

Company Guidance

During the MYR Group's second quarter 2025 earnings call, the company provided detailed guidance on several financial metrics. Revenues for the quarter stood at $900 million, marking an 8.6% increase from the previous year. The Transmission and Distribution (T&D) segment generated $506 million, a 10% rise, with Transmission contributing $305 million and Distribution $201 million. The Commercial and Industrial (C&I) segment revenues were $394 million, up 6%. The gross margin improved significantly to 11.5% from 4.9% in the prior year, attributed to better productivity and favorable job closeouts. Operating income margins also saw notable increases, with the T&D segment achieving an 8% margin and the C&I segment a 5.6% margin. Net income for the quarter was $27 million, a turnaround from a $15 million loss in the same period last year, resulting in earnings per diluted share of $1.70. The company's backlog as of June 30, 2025, was $2.64 billion, a 4% increase from the previous year. Operating cash flow improved to $33 million, and the company maintained a strong funded debt-to-EBITDA leverage ratio of 0.46x. Additionally, a new $75 million share repurchase program was authorized by the Board of Directors.

Revenue Growth

Second quarter 2025 revenues were $900 million, an increase of $71 million or 8.6% compared to the same period last year.

Gross Margin Improvement

Gross margin was 11.5% for the second quarter of 2025, up from 4.9% for the same period last year, driven by better-than-anticipated productivity and a favorable job closeout.

T&D Revenue Increase

T&D revenues were $506 million, an increase of 10% compared to the same period last year, with Transmission revenues at $305 million and Distribution revenues at $201 million.

C&I Revenue Growth

C&I revenues were $394 million, a 6% increase compared to the same period last year, primarily due to an increase in revenue on fixed price contracts.

Net Income Turnaround

Second quarter 2025 net income was $27 million compared to a net loss of $15 million for the same period last year.

New Master Service Agreements

Executed a 5-year design, build electric distribution master service agreement with Xcel Energy, with anticipated revenues exceeding $500 million over the period.

Strong Backlog

Total backlog as of June 30, 2025, was $2.64 billion, 4% higher than a year ago.

Cash Flow Improvement

Operating cash flow increased to $33 million compared to $23 million for the same period last year.

MYR Group (MYRG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MYRG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	1.98 / -	0.65	―	―	―
Jul 30, 2025	2025 (Q2)	1.52 / 1.70	-0.91	286.81% (+2.61)
Apr 30, 2025	2025 (Q1)	1.20 / 1.45	1.12	29.46% (+0.33)
Feb 26, 2025	2024 (Q4)	0.70 / 0.99	1.43	-30.77% (-0.44)
Oct 30, 2024	2024 (Q3)	0.35 / 0.65	1.28	-49.22% (-0.63)
Jul 31, 2024	2024 (Q2)	1.13 / -0.91	1.33	-168.42% (-2.24)
May 01, 2024	2024 (Q1)	1.14 / 1.12	1.38	-18.84% (-0.26)
Feb 28, 2024	2023 (Q4)	1.50 / 1.43	1.46	-2.05% (-0.03)	―
Oct 25, 2023	2023 (Q3)	1.30 / 1.28	1.09	17.43% (+0.19)
Jul 26, 2023	2023 (Q2)	1.28 / 1.33	1.15	15.65% (+0.18)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MYRG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$200.37	$193.50	-3.43%
Apr 30, 2025	$122.32	$147.10	+20.26%
Feb 26, 2025	$125.88	$120.00	-4.67%
Oct 30, 2024	$115.33	$131.00	+13.59%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does MYR Group (MYRG) report earnings?

MYR Group (MYRG) is schdueled to report earning on Oct 22, 2025, After Close (Confirmed).

What is MYR Group (MYRG) earnings time?

MYR Group (MYRG) earnings time is at Oct 22, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MYRG EPS forecast?

MYRG EPS forecast for the fiscal quarter 2025 (Q3) is 1.98.

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