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MYR Group Inc (MYRG)
:MYRG
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.48Last Year’s EPS
-0.91Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 35.36%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture, with notable achievements in revenue growth, increased free cash flow, and a strong backlog. However, challenges such as decreased T&D revenues, a higher effective tax rate, and increased expenses were also evident. The sentiment reflects a balance between positive financial performance and operational challenges.Company Guidance
During the MYR Group's First Quarter 2025 Earnings Results Conference Call, various key financial metrics were discussed, highlighting the company's performance and guidance. The first quarter of 2025 saw revenues of $834 million, marking a 2.2% increase from the previous year, with Transmission & Distribution (T&D) revenues generating $462 million, albeit a 5.8% decrease. Distribution projects contributed $192 million, while transmission accounted for $270 million. The Commercial & Industrial (C&I) segment posted revenues of $372 million, reflecting a 14.4% year-over-year increase. The company's gross margin rose to 11.6% from 10.6%, and T&D operating income margin improved to 7.8%, while C&I operating income margin increased to 4.7%. Net income reached $23 million, and net income per diluted share rose 29% to $1.45. Total backlog at the end of the quarter was $2.64 billion, with the T&D segment contributing $873 million and the C&I segment $1.77 billion. Operating cash flow surged to $83 million, and free cash flow turned positive at $70 million. Additionally, the company repurchased 639,000 shares, with $379 million in borrowing availability reported under the credit facility. The effective tax rate increased to 28.9%, and first-quarter EBITDA was $50 million. The company emphasized its focus on strategic growth and maintaining a strong financial position to capitalize on future opportunities.Increase in Overall Revenues and Profitability
First quarter 2025 revenues were $834 million, representing an increase of $18 million or 2.2% compared to the same period last year. Net income per diluted share increased by 29% compared to the same period last year.
Significant Improvement in Free Cash Flow
Free cash flow was $70 million compared to negative free cash flow of $18 million for the same period last year, reflecting increased operating cash flow and lower capital expenditures.
Strong Backlog and Market Opportunities
Total backlog as of March 31, 2025 was $2.64 billion, 9% higher than a year ago. The company is positioned to capture new opportunities in data centers, healthcare, industrial, and clean energy markets.
Positive Operating Income Margins
T&D operating income margin was 7.8% compared to 6.1% last year, and C&I operating income margin was 4.7% compared to 3.5% last year, due to favorable change orders and better-than-anticipated productivity.
MYRG Earnings History
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 |
|---|---|---|---|
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% |
Jul 31, 2024 | $140.48 | $109.00 | -22.41% |
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 Jul 23, 2025, TBA Not Confirmed.
What is MYR Group Inc (MYRG) earnings time?
MYR Group Inc (MYRG) earnings time is at Jul 23, 2025, TBA Not 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 (Q2) is 1.48.