other material
confidence high
sentiment positive
materiality 0.55
MYR Group announces new $75M share repurchase program effective May 9, 2023
MYR GROUP INC.
- Board authorized new $75M share repurchase program effective May 9, 2023; expires Nov 8, 2023.
- Prior $75M program expires May 8, 2023; $75M remained available under prior program as of Mar 31.
- Repurchases may be made on open market or privately; funded with cash on hand and credit facility.
- CEO: 'We remain committed to strategically deploying capital to drive long-term value for shareholders.'