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

MYR Group reports record Q3 revenue of $1.26 billion and $100 million buyback

Positive Impact 4 of 5 earnings

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.

Key points

  • 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.

The filing

CompanyMYR Group (MYRG)
Form8-K, current report
Filed with the SECOct 28, 2026, 4:03 PM ET
Accession number0000700923-26-000051

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

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.