---
schema_version: "secwatch.filing_event.v1"
accession: "0000700923-22-000039"
form_type: "8-K"
ticker: "MYRG"
cik: "0000700923"
company_name: "MYR GROUP INC."
filed_at: "2022-07-27T23:59:59+00:00"
generated_at: "2026-06-24T08:22:31.216585+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MYR Group Q2 revenue hits record $708M, net income $19.7M; margins pressured

## Summary
- Revenue $708.1M, +9% YoY; net income $19.7M ($1.15 diluted EPS) vs $21.2M ($1.24) a year ago.
- T&D segment revenue $415.2M (+27% YoY) on distribution projects and Powerline Plus; C&I revenue $292.9M (-9.3%).
- Gross margin 11.4% vs 12.5% a year ago due to supply chain disruptions, inflation, COVID impacts, and a project adjustment.
- Record backlog $2.44B, up 56% from $1.57B at June 30, 2021; T&D backlog $1.06B, C&I $1.38B.
- EBITDA record $43.9M vs $41.2M in Q2 2021; borrowing availability $310.3M under $375M revolver.

## SEC filing metadata
- accession: 0000700923-22-000039
- form_type: 8-K
- ticker: MYRG
- cik: 0000700923
- company_name: MYR GROUP INC.
- filed_at: 2022-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/700923/000070092322000039/0000700923-22-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/700923/000070092322000039/myrg-20220727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000700923-22-000039
- JSON: https://secwatch.observer/filing/0000700923-22-000039.json
- Plain text: https://secwatch.observer/filing/0000700923-22-000039.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.