MYR Group Q2 net income rises to $26.5 million on $900.3 million revenue; $75 million buyback
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.
Key points
- 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
The filing
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 July 30, 2025.
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