secwatch.observer — SEC 8-K summary
======================================

Issuer:     MYR GROUP INC. (MYRG)
CIK:        0000700923
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0000700923-23-000011
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MYR Group Q4 2022 revenue $864M (record), EPS $1.46; FY revenue $3.01B (record), backlog $2.50B
--------------------------------------------------------------------------------

- Q4 2022 revenues $864.0M (+33.7% YoY); net income $24.6M ($1.46 diluted EPS) vs $20.7M ($1.20).
- Full-year 2022 revenues $3.01B (+20.4% YoY); net income $83.4M ($4.91 diluted EPS) vs $85.0M ($4.95).
- T&D segment Q4 revenues $513.7M (+45.4% YoY); C&I segment Q4 revenues $350.3M (+19.6% YoY).
- Backlog at Dec 31, 2022 $2.50B, up 39.8% from $1.79B a year ago; T&D $1.07B, C&I $1.44B.
- Consolidated gross margin declined to 11.1% (Q4) and 11.4% (FY) from 12.9% and 13.0% due to supply chain disruptions, inflation, labor inefficiencies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700923/000070092323000011/0000700923-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700923/000070092323000011/myrg-20230222.htm
  HTML page:      https://secwatch.observer/filing/0000700923-23-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer