---
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"
generated_at: "2026-06-03T03:28:43.233417+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MYR Group Q1 2024 revenue up 0.5% to $815.6M; EPS falls to $1.12; backlog down 9%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/700923/000070092324000027/0000700923-24-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/700923/000070092324000027/myrg-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000700923-24-000027
- JSON: https://secwatch.observer/filing/0000700923-24-000027.json
- Plain text: https://secwatch.observer/filing/0000700923-24-000027.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter 2024 (three months ended March 31, 2024)
  - Revenue: $815.6 million
  - Net income: $18.9 million
  - EPS: $1.12 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/700923/000070092324000027/0000700923-24-000027-index.htm

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