8-K
filed July 31, 2024, 7:59 PM ET
ticker MYRG
CIK 0000700923
earnings
confidence high
sentiment negative
materiality 0.80
MYR Group Q2 net loss $15.3M, revenue down 6.7% YoY to $828.9M
MYR GROUP INC.
2024-Q2 EPS reported
$0.22
revenue$1,644,452,000
- Net loss of $15.3M ($0.91 diluted loss) vs net income of $22.3M ($1.33) a year ago.
- Consolidated revenue $828.9M, down 6.7% YoY; T&D rev $458.2M (-9.0%), C&I rev $370.7M (-3.7%).
- Gross margin fell to 4.9% from 10.1%; clean-energy projects and a C&I project drove the decline.
- Backlog of $2.54B down 7.0% YoY from $2.73B; sequential increase from $2.43B at Q1 end.
- EBITDA of ($4.7M) vs $47.1M in Q2 2023; borrowing availability $426.6M on $490M credit line.
Machine-readable event card
- schema_version
- secwatch.filing_event.v1
- accession
- 0000700923-24-000043
- form_type
- 8-K
- ticker
- MYRG
- cik
- 0000700923
- company_name
- MYR GROUP INC.
- filed_at
- 2024-07-31T23:59:59+00:00
- discovered_at
- 2026-05-14T18:03:15.631054+00:00
- generated_at
- 2026-05-31T14:36:15.608201+00:00
- sec_items
- ["2.02", "9.01"]
- event_type
- earnings
- sentiment
- negative
- materiality_score
- 0.8
- calibrated_materiality_score
- 0.8
- confidence
- high
- secwatch_canonical_url
- https://secwatch.observer/filing/0000700923-24-000043
- json_url
- https://secwatch.observer/filing/0000700923-24-000043.json
- markdown_url
- https://secwatch.observer/filing/0000700923-24-000043.md
- text_url
- https://secwatch.observer/filing/0000700923-24-000043.txt
- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/700923/000070092324000043/0000700923-24-000043-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/700923/000070092324000043/myrg-20240731.htm
- generated_by_model
- deepseek-v4-flash:cloud@v2
- review_status
- machine_generated
- human_reviewed
- false
- corrected
- false
- correction_note
- null
- correction_timestamp
- null
- superseded_by
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