Every material Form 8-K MYR Group has filed with the SEC since January 25, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
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.
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
MYR Group reported first-quarter 2026 results for the three months ended March 31, 2026. Revenue rose to $1.00 billion, net income more than doubled to $46.8 million, and backlog reached a record $2.84 billion. For shareholders, the filing shows higher revenue and profit compared with the first quarter of 2025.
Revenue of $1.00 billion, up $166.8 million from the first quarter of 2025
Net income of $46.8 million, or $2.99 per diluted share, versus $23.3 million, or $1.45 per diluted share, a year earlier
Gross margin of 13.4 percent, up from 11.6 percent, with a net gross margin benefit of 0.8 percent from changes in project estimates
Backlog of $2.84 billion as of March 31, 2026, up 7.7 percent from March 31, 2025
MYR Group reported fourth-quarter and full-year 2025 results in a press release furnished with this 8-K. Full-year revenue rose to $3.66 billion from $3.36 billion, and net income rose to $118.4 million, or $7.53 per diluted share, from $30.3 million, or $1.83, a year earlier. Backlog reached $2.82 billion at year end, and the release contains no financial guidance for 2026.
Q4 2025 revenue was $973.5 million, up 17.3% from Q4 2024; diluted EPS was $2.33 versus $0.99
Full-year 2025 revenue was $3.66 billion versus $3.36 billion in 2024; net income was $118.4 million versus $30.3 million
Backlog was $2.82 billion at December 31, 2025, up 9.6% from $2.58 billion at December 31, 2024
Cash and cash equivalents were $150.2 million; $408.3 million was available under the $490 million revolving credit facility
MYR Group reported third-quarter 2025 revenue of $950.4 million, up $62.4 million from a year earlier, and net income of $32.1 million, or $2.05 per diluted share, compared with $10.6 million, or $0.65 per share, in the third quarter of 2024. Gross margin rose to 11.8 percent from 8.7 percent, and backlog reached $2.66 billion as of September 30, 2025, which points to stronger profitability and demand for shareholders. The filing does not include updated financial guidance.
Q3 2025 revenue was $950.4 million, up $62.4 million from Q3 2024.
Q3 2025 net income was $32.1 million, or $2.05 per diluted share, versus $10.6 million, or $0.65 per diluted share, a year earlier.
Gross margin increased to 11.8 percent from 8.7 percent; backlog was $2.66 billion as of September 30, 2025.
Management will host a conference call on Thursday, October 30, 2025, at 8:00 a.m. Mountain time.
MYR Group Inc. appointed Aurelie P. Richard as a director effective August 26, 2025, filling the seat left open by William D. Patterson's retirement from the board on April 24, 2025. She also joins the Audit Committee and will stand for election at the 2026 annual meeting.
Richard fills the board vacancy left by William D. Patterson's retirement on April 24, 2025.
She serves on the Board's Audit Committee and will stand for election at the 2026 Annual Meeting.
Richard is the Chief Financial and Strategy Officer of S&C Electric Company, with over thirty years of finance and management experience.
The company will enter its standard director indemnification agreement with Richard and she will join its non-employee director compensation program.
MYR Group reported second-quarter 2025 revenue of $900.3 million, up $71.4 million from a year earlier, and net income of $26.5 million, or $1.70 per diluted share, compared with a net loss of $15.3 million, or $0.91 per share, in the same period of 2024. The Board also approved a new share repurchase program of up to $75.0 million, which replaces a prior $75.0 million program that the company said had substantially run out of funds.
Q2 2025 revenue of $900.3 million, up $71.4 million from Q2 2024
Net income of $26.5 million, or $1.70 per diluted share, versus a net loss of $15.3 million a year earlier
Backlog of $2.64 billion as of June 30, 2025, up $97.7 million, or 3.8 percent, from June 30, 2024
New repurchase program of up to $75.0 million, expiring February 4, 2026 or when funds are exhausted, to be funded with cash on hand and credit facility borrowings
MYR Group reported first-quarter 2025 results in a press release furnished with this 8-K. Revenue, net income, diluted earnings per share and EBITDA all rose from the first quarter of 2024, and backlog reached $2.64 billion.
Contract revenues were $833.6 million, up $18.0 million from the first quarter of 2024
Net income was $23.3 million, or $1.45 per diluted share, versus $18.9 million, or $1.12 per diluted share, a year earlier
EBITDA, a non-GAAP measure, was $50.2 million versus $39.8 million; gross margin was 11.6 percent versus 10.6 percent
Backlog was $2.64 billion at March 31, 2025, up from $2.58 billion at December 31, 2024; the company repurchased $75.0 million of common stock in the quarter
MYR Group reported fourth-quarter 2024 revenue of $829.8 million, down 17.4% from a year earlier, and net income of $16.0 million, or $0.99 per diluted share, versus $1.43 a year earlier. For full-year 2024, revenue fell 7.7% to $3.36 billion and net income fell to $30.3 million, or $1.83 per diluted share, from $5.40 in 2023. The board also approved a $75.0 million share repurchase program that expires on September 5, 2025, which the company intends to fund with cash on hand and credit facility borrowings.
Q4 2024 revenue was $829.8 million, down $174.4 million from Q4 2023; net income was $16.0 million, or $0.99 per diluted share, versus $1.43
Full-year 2024 revenue was $3.36 billion, down 7.7%; net income was $30.3 million, or $1.83 per diluted share, versus $5.40 in 2023
Backlog was $2.58 billion at December 31, 2024, compared with $2.60 billion at September 30, 2024
Repurchase program authorizes up to $75.0 million of common stock through September 5, 2025, or until funds are exhausted
MYR Group reported third-quarter 2024 revenue of $888.0 million, down 5.5% from a year earlier, and net income of $10.6 million, or $0.65 per diluted share, versus $1.28 in the third quarter of 2023. For the first nine months, revenue was $2.53 billion, down 4.1%, and net income was $14.3 million, or $0.86 per diluted share, compared with $3.98 a year earlier, so shareholders saw lower revenue and sharply lower earnings.
Q3 gross margin fell to 8.7% from 9.8%, which the company attributed mainly to clean energy projects in T&D and an unfavorable C&I project
Q3 EBITDA was $37.2 million, compared with $47.0 million in the third quarter of 2023
Backlog was $2.60 billion at September 30, 2024, up from $2.54 billion at June 30, 2024 but down $19.7 million from a year earlier
A conference call to discuss the results is scheduled for October 31, 2024 at 8:00 a.m. Mountain time
MYR Group reported second-quarter 2024 revenue of $828.9 million, down 6.7 percent from a year earlier, and a net loss of $15.3 million, or $0.91 per diluted share, versus net income of $22.3 million a year earlier. The company attributed the decline mainly to unfavorable clean energy projects in its T&D segment and one C&I project, and said it expects those projects to reach mechanical completion this year.
Q2 2024 revenue $828.9 million, down $59.7 million (6.7 percent) from Q2 2023
Q2 2024 net loss $15.3 million, or $0.91 per diluted share, versus net income of $22.3 million, or $1.33 per diluted share, in Q2 2023
Gross margin fell to 4.9 percent from 10.1 percent; backlog was $2.54 billion as of June 30, 2024
First-half 2024 net income $3.7 million, or $0.22 per diluted share, versus $45.4 million, or $2.70, a year earlier
MYR Group reported first-quarter 2024 revenue of $815.6 million, a 0.5% increase from a year earlier, but net income fell to $18.9 million, or $1.12 per diluted share, from $23.2 million, or $1.38 per diluted share. Total backlog fell 9.1% year over year to $2.43 billion, and the company said some customers face supply chain and regulatory challenges.
Revenue rose $4.0 million to $815.6 million; Transmission & Distribution revenue grew 10.1% to $490.4 million, while Commercial & Industrial fell 11.2% to $325.2 million.
Net income was $18.9 million, or $1.12 per diluted share, versus $23.2 million, or $1.38 per diluted share, a year earlier.
Backlog was $2.43 billion at March 31, 2024, down from $2.51 billion at December 31, 2023 and $2.67 billion at March 31, 2023.
Free cash flow was negative $18.1 million in the quarter, compared with positive $17.5 million a year earlier.
At its April 24, 2024 annual meeting, MYR Group stockholders approved an amended and restated 2017 Long-Term Incentive Plan. The plan makes 2,200,000 shares available for equity and cash awards to employees, non-employee directors and certain consultants. Stockholders also re-elected two Class II directors and approved the advisory executive pay vote and the ratification of Crowe LLP as auditor for 2024.
Amended plan approved April 24, 2024; 2,200,000 shares available, comprising 900,000 approved in 2017, 600,000 in 2020 and 700,000 in 2024
Non-employee directors are limited to $400,000 in grant-date value of compensation per calendar year
Donald C.I. Lucky received 12,243,808 votes for and Shirin O'Connor received 13,964,159 votes for as Class II directors
Crowe LLP ratified for fiscal year ending December 31, 2024 with 15,029,948 votes for and 148,147 against
MYR Group reported fourth-quarter and full-year 2023 results on February 28, 2024, with full-year contract revenues of $3.64 billion, up 21.1 percent, and full-year net income of $91.0 million, or $5.40 per diluted share, up from $4.91 a year earlier. Fourth-quarter net income was $24.0 million, or $1.43 per diluted share, down from $1.46 in the same quarter of 2022, while fourth-quarter revenue rose 16.2 percent. The company's backlog was $2.51 billion at December 31, 2023.
Q4 2023 revenue was $1.00 billion, up $140.2 million or 16.2 percent from Q4 2022
Full-year 2023 net income was $91.0 million, or $5.40 per diluted share, versus $83.4 million, or $4.91 per diluted share, in 2022
Full-year gross margin fell to 10.0 percent from 11.4 percent, while Q4 net income declined 2.2 percent
Backlog was $2.51 billion at December 31, 2023, compared with $2.62 billion at September 30, 2023
MYR Group said Senior Vice President and Chief Operating Officer of the Transmission and Distribution segment Tod M. Cooper will retire effective March 1, 2024, as part of a planned succession. The Board appointed Brian K. Stern, currently Group Vice President of T&D, to succeed him in that role on the same date, with an expected base salary of $450,000 per year.
Tod M. Cooper retires as SVP and COO of T&D effective March 1, 2024, and will stay in a senior advisor role for up to 90 days.
Brian K. Stern, 53, has 19 years of service with the company and has been Group Vice President, T&D, since January 2017.
Stern's expected employment agreement sets a $450,000 base salary and severance of two times salary plus target bonus, or three times following a change of control.
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