Every material Form 8-K MYR Group filed with the SEC in 2026, 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
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.
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