The earnings call reflects strong financial performance with significant revenue growth, improved margins, and a strong backlog, driven by new MSAs and increased demand for electricity. However, challenges such as increased costs, inefficiencies, and a decline in solar revenue present notable concerns.

Company Guidance -

Q3 2025

During MYR Group's second quarter 2025 earnings call, the company provided robust guidance supported by a strong operational performance and promising market conditions. The company's revenues reached $900 million, an 8.6% increase compared to the previous year, with the Transmission and Distribution (T&D) segment contributing $506 million, a 10% rise, and the Commercial and Industrial (C&I) segment adding $394 million, up 6%. The gross margin improved significantly to 11.5% from 4.9% in the prior year, driven by better-than-expected productivity and favorable project closeouts. Operating income margins also showed substantial improvements, with T&D at 8% and C&I at 5.6%. Moreover, MYR Group's backlog increased by 4% to $2.64 billion, indicating sustained demand and future growth prospects. The company also reported a net income of $27 million, reversing a loss of $15 million from the same quarter last year, and achieved a funded debt-to-EBITDA leverage ratio of 0.46x, reflecting a strong financial position. With a new $75 million share repurchase program authorized, MYR Group remains committed to strategic growth and shareholder value creation.

Revenue Growth

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

T&D Revenue Increase

T&D revenues were $506 million, an increase of 10% compared to the same period last year.

C&I Revenue Increase

C&I revenues were $394 million, an increase of 6% compared to the same period last year.

Gross Margin Improvement

Gross margin was 11.5% for the second quarter of 2025, compared to 4.9% for the same period last year.

Net Income Turnaround

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

Increased EBITDA

Second quarter 2025 EBITDA was $56 million compared to negative $5 million for the same period last year.

Strong Backlog

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

Master Service Agreement with Xcel Energy

Executed a 5-year design, build electric distribution master service agreement with Xcel Energy with anticipated revenues to be in excess of $500 million.

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 Inc (MYRG) report earnings?

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

What is MYR Group Inc (MYRG) earnings time?

MYR Group Inc (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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