MYR Group Q1 revenue up 27.5% to $811.6M; net income $23.2M ($1.38 EPS)

MYR GROUP INC.

2023-Q1 EPS reported $1.38 revenue$811,616,000

Revenue $811.6M (+27.5% YoY); net income $23.2M (+12% YoY).
Diluted EPS $1.38 vs $1.21 YoY; EBITDA $41.3M vs $39.6M.
Record backlog $2.67B, up 10.9% YoY; T&D $1.28B, C&I $1.39B.
Gross margin 10.4% vs 12.6% due to labor inefficiencies, weather, supply chain, sales tax adjustment.
T&D revenue $445.3M (+22.1%); C&I revenue $366.3M (+34.8%).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MYR GROUP INC. reported the three months ended March 31, 2023 results: revenue $811.6 million, net income $23.2 million, EPS $1.38 per diluted share.

Period: the three months ended March 31, 2023
Revenue: $811.6 million
Net income: $23.2 million
EPS: $1.38 per diluted share
Result: reported results

Exact text from the filing

Highlights for First Quarter 2023 • Quarterly revenues of $811.6 million • Quarterly net income of $23.2 million, or $1.38 per diluted share

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Source: SEC EDGAR

accession 0000700923-23-000040

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