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Myr Group inc   (MYRG)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services
 
Price: $163.8700 $0.21 0.128%
Day's High: $164.54 Week Perf: 6.03 %
Day's Low: $ 160.47 30 Day Perf: 15.3 %
Volume (M): 157 52 Wk High: $ 164.54
Volume (M$): $ 25,711 52 Wk Avg: $134.55
Open: $160.47 52 Wk Low: $110.87



 Market Capitalization (Millions $) 2,758
 Shares Outstanding (Millions) 17
 Employees 3,650
 Revenues (TTM) (Millions $) 3,504
 Net Income (TTM) (Millions $) 92
 Cash Flow (TTM) (Millions $) -5
 Capital Exp. (TTM) (Millions $) 92

Myr Group Inc

We are a holding company of specialty electrical construction service providers that was established in 1995 through the merger of long-standing specialty contractors. Through our subsidiaries, we have served the electric utility infrastructure markets since 1891. Our operations are currently conducted through wholly-owned subsidiaries, including: The L. E. Myers Co.; Harlan Electric Company; Hawkeye Construction, Inc.; Great Southwestern Construction, Inc.; Sturgeon Electric Company, Inc.; MYR Transmission Services, Inc.; MYR Group Construction Canada, Ltd.; MYR Transmission Services Canada, Ltd.; and Northern Transmission Services, Ltd. We provide electrical construction services, and limited gas construction services, through a network of local offices located throughout the United States and Canada. We provide a broad range of services, which includes design, engineering, procurement, construction, upgrade, maintenance and repair services, with a particular focus on construction, maintenance and repair.

Our principal executive offices are located at 1701 Golf Road, Suite 3-1012, Rolling Meadows, Illinois 60008-4210. The telephone number of our principal executive offices is (847) 290-1891.

We are a leading specialty contractor serving the electrical infrastructure market in the United States. We manage and report our operations through two industry segments: Transmission and Distribution (“T&D”) and Commercial and Industrial (“C&I”) electrical contracting services.

Transmission and Distribution segment. We have operated in the T&D industry since 1891. We are one of the largest U.S. contractors servicing the T&D sector of the electric utility industry. We provide a broad range of services on electric transmission and distribution networks and substation facilities, which include design, engineering, procurement, construction, upgrade, maintenance and repair services, with a particular focus on construction, maintenance and repair, to customers in the electric utility and the renewable energy industries throughout the United States and Canada. Our T&D services include the construction and maintenance of high voltage transmission lines, substations and lower voltage underground and overhead distribution systems. We also provide storm restoration services in response to hurricane, ice or other storm related damage.


In our T&D segment, we generally serve the electric utility industry as a prime contractor, either through traditional design-bid-build or engineering, procurement and construction (“EPC”) forms of project delivery. Our T&D customers include electric utilities, cooperatives, government-funded utilities and private developers. We have long-standing relationships with many of our T&D customers who rely on us to construct and maintain reliable electric and other utility infrastructure. We provide many services to our customers under multi-year master service agreements (“MSAs”) and other variable-term service agreements. We generally focus on improving our profitability by selecting projects we believe will provide attractive margins, actively monitoring the costs of completing our projects, holding customers accountable for costs related to changes to contract specifications, and rewarding our employees for keeping costs under budget.


Commercial and Industrial segment. We have provided electrical contracting services for C&I construction in the western United States since 1912. Our C&I segment provides services such as the design, installation, maintenance and repair of commercial and industrial wiring, installation of traffic networks and the installation of bridge, roadway and tunnel lighting. Our C&I operations are primarily in the western United States where we have sufficient scale to deploy the level of resources necessary to achieve significant market share. We concentrate our efforts on projects where our technical and project management expertise are critical to successful and timely execution. Typical C&I contracts cover electrical contracting services for airports, hospitals, data centers, hotels, stadiums, convention centers, manufacturing plants, processing facilities, waste-water treatment facilities, mining facilities and transportation control and management systems.


In our C&I segment, we generally provide our electric construction and maintenance services as a subcontractor to general contractors in the C&I industry, but also contract directly with facility owners. We have a diverse customer base with many long-standing relationships.



   Company Address: 12121 Grant Street, Thornton, 80241 CO
   Company Phone Number: 286-8000   Stock Exchange / Ticker: NASDAQ MYRG
   


   

Stock Performances by Major Competitors

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MTZ        4.04% 
PRIM        5.46% 
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Myr Group Inc

MYRG Sets the Benchmark for Exemplary Conduct Throughout the Financial Year Ending September 30, 2023

The Construction Services company, Myr Group Inc, recently released its financial results for the fiscal period closing on September 30, 2023. The company experienced a remarkable improvement in both revenue and profits during this time period. Revenue increased by an impressive 17.445% to reach $939.38 million, compared to the same period of the previous year. Meanwhile, income surged by 17.43% to $1.28 per share.
Despite the positive performance, the company's earnings per share (EPS) faded slightly from the preceding reporting period, decreasing by -3.76% from $1.33 per share. However, revenue continued to rise, showing a growth rate of 5.713% from $888.62 million. Additionally, net profits in the third quarter of 2023 increased by 16.68% to $21.512 million, marking a significant jump from the net earnings of $18.436 million reported in the third quarter of the previous year.






 

Myr Group Inc's Segments
 
 
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