MYR Group reports Q2 2022 revenue $708.1M, EPS $1.15; backlog record $2.44B

MYR GROUP INC.

2022-Q2 EPS reported $2.36 revenue$1,344,738,000

Q2 revenue $708.1M, net income $19.7M ($1.15 diluted EPS); LTM revenue $2.60B (+5.8% YoY).
LTM net income $84.2M (+10% YoY); LTM diluted EPS $4.91 (+9.1% YoY); LTM EBITDA $167.2M (+8.6% YoY).
Backlog $2.44B (record); T&D segment revenue $415.2M, C&I $292.9M in Q2.
Available liquidity $310.3M under $375M credit facility; strong balance sheet.
Safety metrics: 2021 TCIR 1.24, LTIR 0.09; 7,900+ employees across US and Canada.

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