Nov 4, 4:14 PM ET
MYR Group posted updated investor presentation materials that include its third-quarter 2026 results, which the company describes as record highs for quarterly revenue and net income. The filing also shows backlog of $3.68 billion and a new $100 million share repurchase authorization.
- Q3 2026 revenue was a record $1.26 billion, with net income of $60.0 million and EBITDA of $110.0 million.
- Diluted earnings per share were $3.82 for the quarter.
- Backlog was $3.68 billion as of the quarter, and the presentation reports LTM revenue of $4.31 billion.
- A $100 million share repurchase authorization, announced October 28, 2026, expires November 3, 2027, or when the funds are exhausted.
Read the filing on SEC.gov ↗
Oct 28, 4:03 PM ET
MYR Group reported record third-quarter 2026 revenue of $1.26 billion and net income of $60.0 million, or $3.82 per diluted share, compared with $32.1 million, or $2.05 per diluted share, a year earlier. The Board also approved a new $100.0 million share repurchase program, effective November 4, 2026, which the company intends to fund with cash on hand and revolving credit borrowings.
- Q3 2026 revenue was $1.26 billion, up $308.6 million from Q3 2025, with record quarterly C&I revenue of $704.5 million.
- Q3 2026 net income was $60.0 million, or $3.82 per diluted share, versus $32.1 million, or $2.05 per diluted share, in Q3 2025.
- Board approved a repurchase program of up to $100.0 million of common stock, effective November 4, 2026, expiring November 3, 2027 or when funds are exhausted.
- Backlog reached a record $3.68 billion as of September 30, 2026, up 38.2% from $2.66 billion a year earlier.
Read the filing on SEC.gov ↗
Sep 10, 4:06 PM ET
On September 8, 2026, MYR Group entered a five-year Fourth Amended and Restated Credit Agreement with a bank syndicate led by JPMorgan Chase, Bank of America and Wells Fargo. The deal replaces the company's May 31, 2023 credit agreement, which included a $490 million revolver, and adds a $150 million U.S. dollar term loan and a C$70 million Canadian dollar term loan. Borrowings are secured by substantially all company and domestic subsidiary assets and carry financial covenants, so shareholders should note the added debt capacity and its collateral and leverage conditions.
- Agreement dated September 8, 2026, is a five-year Fourth Amended and Restated Credit Agreement led by JPMorgan Chase Bank, N.A., Bank of America, N.A. and Wells Fargo Bank, National Association.
- Revolving facility of $690 million, plus a $150 million U.S. dollar term loan and a C$70 million Canadian dollar term loan.
- Expansion option allows up to an additional $445 million of commitments or incremental term loans, subject to conditions; prior agreement had a $490 million revolver and a $200 million expansion option.
- Financial covenants include a maximum Net Leverage Ratio of 3.0 and a minimum interest coverage ratio of 3.0; borrowings are secured by substantially all assets of the company and its domestic subsidiaries.
Read the filing on SEC.gov ↗
Jul 29, 4:05 PM ET
MYR Group reported record second-quarter 2026 revenue of $1.08 billion, up $181.4 million from a year earlier, and net income of $49.9 million, or $3.17 per diluted share, versus $1.70 a year earlier. Gross margin rose to 13.2% from 11.5%, though the company said part of the gain came from changes in estimated gross profit on certain projects, and record backlog reached $3.16 billion at June 30, 2026.
- Q2 2026 revenue of $1.08 billion, up $181.4 million from Q2 2025; C&I segment revenue of $557.7 million was a record
- Q2 net income of $49.9 million, or $3.17 per diluted share, versus $1.70 per diluted share in Q2 2025
- Gross margin of 13.2% versus 11.5%; changes in project estimates added a net 0.9 percentage points
- Backlog of $3.16 billion at June 30, 2026, up 19.6% from $2.64 billion a year earlier; free cash flow was negative $25.6 million in Q2
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.