MYR Group Q3 record revenue $799.8M (+31% YoY); EPS falls to $1.09 from $1.35

MYR GROUP INC.

2022-Q3 EPS reported $3.45 revenue$2,144,586,000

Record quarterly revenue $799.8M, up 31.1% YoY; T&D revenue +47.5% to $452M.
Net income $18.4M ($1.09 diluted) vs $23.2M ($1.35) in Q3 2021; EBITDA $40.3M vs $42.3M.
Gross margin fell to 10.8% from 13.8% due to supply-chain cost increases, inflation, and labor inefficiencies.
Record backlog $2.48B (+51.6% YoY); T&D backlog $1.02B, C&I backlog $1.45B.
Nine-month 2022 revenue $2.14B (+15.8% YoY); net income $58.8M ($3.45 diluted) vs $64.3M ($3.75).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.