MYR Group (MYRG)
NASDAQ:MYRG
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.39Last Year’s EPS
1.7Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial performance for 1Q26: robust top-line growth (+20% YoY), record net income and EBITDA, margin expansion across segments, record backlog, solid liquidity and conservative leverage. Management also provided constructive guidance (~12% revenue growth for the year and higher target margin ranges) and cited durable demand drivers (electrification, data centers, water/wastewater, grid modernization). Near-term headwinds include isolated project inefficiencies that increased costs, a modest rise in SG&A, slightly lower free cash flow due to higher CapEx expectations (~3% of revenue), potential DSO pressure from higher MSA mix, and timing/lumpiness of large project starts (some not generating revenue until 2027). Overall, the positives materially outweigh the negatives.Company Guidance
Strong Revenue Growth
Total revenue of $1.0 billion in 1Q26, up $167 million or 20% year-over-year.
Segment Revenue Strength — T&D and C&I
T&D revenue of $541 million (+17% YoY). C&I revenue of $459 million (+24% YoY), a record quarter for the C&I segment.
Improved Gross and Operating Margins
Gross margin improved to 13.4% from 11.6% YoY (+1.8 percentage points). T&D operating margin increased to 9.7% from 7.8% (+1.9 ppt). C&I operating margin rose to 8.1% from 4.7% (+3.4 ppt).
Record Profitability Metrics
Record net income of $47 million vs $23 million a year ago (net income and EPS roughly doubled). Diluted EPS $2.99, up 106% YoY. Record EBITDA of $82 million vs $50 million YoY.
Backlog Expansion
Total backlog reached a record $2.84 billion as of March 31, 2026, up 8% year-over-year (T&D backlog $981 million; C&I backlog $1.86 billion).
Strong Cash Position and Leverage
Operating cash flow of $85 million (vs $83 million YoY) and free cash flow of $69 million. Cash and equivalents $163 million, borrowing availability $460 million, funded debt $9 million, and funded debt-to-EBITDA leverage improved to 0.04x.
Positive Commercial Momentum and Awards
Multiple new awards and MSAs across geographies and segments (including MSAs in Arizona, greenfield substations in Texas, 345 kV projects), plus multiple data center and water/wastewater project wins driving C&I growth.
Improved Contracting and Execution (Prefab and Risk Management)
Management highlighted better contract terms, reduced risk in contracts, increased prefabrication/kitting and improved productivity as contributors to higher margins and execution reliability.
Upgraded 2026 Outlook and Margin Targets
Management expects ~12% revenue growth for the year (company-wide) and updated operating margin target ranges: C&I ~6%–9% and T&D ~8%–11%, with a goal to operate in the mid-points of those ranges.
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 29, 2026 | $337.76 | $404.81 | +19.85% |
Mar 03, 2026 | $269.72 | $274.62 | +1.82% |
Oct 29, 2025 | $225.48 | $213.53 | -5.30% |
Jul 30, 2025 | $200.37 | $193.50 | -3.43% |
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 Aug 05, 2026, After Close (Confirmed).
What is MYR Group (MYRG) earnings time?
MYR Group (MYRG) earnings time is at Aug 05, 2026, 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 2026 (Q2) is 2.39.