---
schema_version: "secwatch.filing_event.v1"
accession: "0000700923-24-000007"
form_type: "8-K"
ticker: "MYRG"
cik: "0000700923"
company_name: "MYR GROUP INC."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:50:02.722944+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MYR Group reports Q4 2023 record revenue $1.00B, FY 2023 net income $91.0M, EPS $5.40

## Summary
- Q4 revenues $1.00B, +16.2% YoY; Q4 net income $24.0M ($1.43 diluted EPS), down 2.2% from $24.6M in Q4 2022.
- Full-year revenues $3.64B, +21.1% YoY; net income $91.0M ($5.40 diluted EPS) vs $83.4M ($4.91) in 2022.
- T&D segment Q4 revenues $591.5M (+15.2% YoY), C&I segment Q4 revenues $412.7M (+17.8% YoY); both segment records.
- Gross margin declined to 9.7% in Q4 (from 11.1%) and 10.0% for full year (from 11.4%) due to project inefficiencies and supply chain disruptions.
- Backlog $2.51B as of Dec 31, 2023, up $10.6M from $2.50B a year ago; T&D $959.6M, C&I $1.55B.

## SEC filing metadata
- accession: 0000700923-24-000007
- form_type: 8-K
- ticker: MYRG
- cik: 0000700923
- company_name: MYR GROUP INC.
- filed_at: 2024-02-28T23:59:59+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/700923/000070092324000007/0000700923-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/700923/000070092324000007/myrg-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000700923-24-000007
- JSON: https://secwatch.observer/filing/0000700923-24-000007.json
- Plain text: https://secwatch.observer/filing/0000700923-24-000007.txt

## Key facts
- Earnings Releases
  MYR GROUP INC. reported full year of 2023 results: revenue $3.64 billion, net income $91.0 million, EPS $5.40 per diluted share.
  - Period: full year of 2023
  - Revenue: $3.64 billion
  - Net income: $91.0 million
  - EPS: $5.40 per diluted share
  - Result: reported results
  source text: MYR reported record revenues of $3.64 billion for the full year of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/700923/000070092324000007/0000700923-24-000007-index.htm
- Earnings Releases
  MYR GROUP INC. reported three and twelve months ended December 31, 2023 results: revenue $1.00 billion, net income $24.0 million, EPS $1.43 per diluted share.
  - Period: three and twelve months ended December 31, 2023
  - Revenue: $1.00 billion
  - Net income: $24.0 million
  - EPS: $1.43 per diluted share
  - Result: reported results
  source text: markets in the United States and Canada, announced today its fourth-quarter and full year 2023 financial results. Fourth Quarter 2023 Highlights • Record quarterly revenues of $1.00 billion • Strong quarterly net income of $24.0 million, or $1.43 per diluted share • Record quarterly EBITDA of $52.8 million Full Year 2023 Highlights • Record full-year revenues of
  evidence_url: https://www.sec.gov/Archives/edgar/data/700923/000070092324000007/0000700923-24-000007-index.htm

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