secwatch.observer — SEC 8-K summary
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Issuer:     MYR GROUP INC. (MYRG)
CIK:        0000700923
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000700923-23-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700923/000070092323000040/0000700923-23-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700923/000070092323000040/myrg-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000700923-23-000040

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