MYR Group Q1 2026 net income hits record $46.8 million, or $2.99 per diluted share
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits 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 April 29, 2026.
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.