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AI brief of an SEC Form 8-K · MYR Group (MYRG)

MYR Group Q4 revenue falls 17.4% to $829.8 million; authorizes $75 million buyback

Negative Impact 4 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyMYR Group (MYRG)
Form8-K, current report
Filed with the SECFeb 26, 2025, 4:03 PM ET
Accession number0000700923-25-000005

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 26, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.