{"schema_version":"secwatch.filing_event.v1","accession":"0000700923-24-000027","form_type":"8-K","ticker":"MYRG","cik":"0000700923","company_name":"MYR GROUP INC.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.710419+00:00","generated_at":"2026-06-03T03:28:43.233417+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"MYR Group Q1 2024 revenue up 0.5% to $815.6M; EPS falls to $1.12; backlog down 9%","bullets":["Revenue $815.6M (+0.5% YoY); net income $18.9M ($1.12 diluted) vs $23.2M ($1.38) YoY.","T&D segment revenue $490.4M (+10.1% YoY); C&I segment $325.2M (-11.2% YoY) due to project delays.","Gross margin improved to 10.6% from 10.4%, but net income fell on higher SG&A and interest expense.","Backlog $2.43B, down 9.1% from $2.67B a year ago and down from $2.51B at Q4 2023.","Management cites near-term supply chain/regulatory challenges but healthy bidding activity."],"urls":{"canonical":"https://secwatch.observer/filing/0000700923-24-000027","json":"https://secwatch.observer/filing/0000700923-24-000027.json","markdown":"https://secwatch.observer/filing/0000700923-24-000027.md","text":"https://secwatch.observer/filing/0000700923-24-000027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/700923/000070092324000027/0000700923-24-000027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/700923/000070092324000027/myrg-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T03:28:43.233417+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b7462183e39c65bc63f2db3653e17e1985b669b9","claim":"MYR GROUP INC. reported first quarter 2024 (three months ended March 31, 2024) results: revenue $815.6 million, net income $18.9 million, EPS $1.12 per diluted share.","evidence_excerpt":"construction markets in the United States and Canada, announced today its first-quarter 2024 financial results. Highlights for First Quarter 2024 • Quarterly revenues of $815.6 million • Quarterly net income of $18.9 million, or $1.12 per diluted share • Quarterly EBITDA of $39.8 million • Backlog of $2.43 billion Management Comments Rick Swartz, MYR’s","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/700923/000070092324000027/0000700923-24-000027-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2024 (three months ended March 31, 2024)"},{"label":"Revenue","value":"$815.6 million"},{"label":"Net income","value":"$18.9 million"},{"label":"EPS","value":"$1.12 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}