---
schema_version: "secwatch.filing_event.v1"
accession: "0000700923-23-000063"
form_type: "8-K"
ticker: "MYRG"
cik: "0000700923"
company_name: "MYR GROUP INC."
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T12:04:15.638293+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MYR Group reports record Q3 revenue $939.5M, diluted EPS $1.28 up 17.4% YoY

## Summary
- Revenue $939.5M (+17.5% YoY); net income $21.5M ($1.28 diluted EPS) vs $18.4M ($1.09) in Q3 2022.
- T&D segment revenue $548.6M (+21.4% YoY) and C&I segment $390.9M (+12.4% YoY).
- Consolidated gross margin 9.8% vs 10.8% due to labor inefficiencies, supply chain, weather.
- Backlog $2.62B at Sep 30, 2023, up 5.7% from $2.48B a year ago; T&D backlog $1.14B, C&I $1.48B.
- EBITDA $47.0M vs $40.3M; interest expense up due to higher rates; effective tax rate 30.3%.

## SEC filing metadata
- accession: 0000700923-23-000063
- form_type: 8-K
- ticker: MYRG
- cik: 0000700923
- company_name: MYR GROUP INC.
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/700923/000070092323000063/0000700923-23-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/700923/000070092323000063/myrg-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000700923-23-000063
- JSON: https://secwatch.observer/filing/0000700923-23-000063.json
- Plain text: https://secwatch.observer/filing/0000700923-23-000063.txt

## Key facts
- Earnings Releases
  MYR GROUP INC. reported third quarter 2023 results: net income net income was $21.5 million, EPS $1.28 per diluted share.
  - Period: third quarter 2023
  - Net income: net income was $21.5 million
  - EPS: $1.28 per diluted share
  - Result: reported results
  source text: MYR Group Inc. (“MYR”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced today its third-quarter and first nine-months 2023 financial results. Highlights for Third Quarter 2023 • Record quarterly revenues of $939.5 million • Quarterly net income of $21.5 million, or $1.28 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/700923/000070092323000063/0000700923-23-000063-index.htm
- Earnings Releases
  MYR GROUP INC. reported third quarter 2023 results: net income net income was $21.5 million, EPS $1.28 per diluted share.
  - Period: third quarter 2023
  - Net income: net income was $21.5 million
  - EPS: $1.28 per diluted share
  - Result: reported results
  source text: For the third quarter of 2023, net income was $21.5 million, or $1.28 per diluted share, compared to $18.4 million, or $1.09 per diluted share, for the same period of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/700923/000070092323000063/0000700923-23-000063-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.