---
schema_version: "secwatch.filing_event.v1"
accession: "0000700923-24-000051"
form_type: "8-K"
ticker: "MYRG"
cik: "0000700923"
company_name: "MYR GROUP INC."
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:40:59.878023+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MYR Group Q3 net income drops to $10.6M, revenue falls 5.5% YoY

## Summary
- Revenue $888.0M (-5.5% YoY); net income $10.6M ($0.65 diluted EPS) vs $21.5M ($1.28) a year ago.
- T&D segment revenue $481.9M (-12.2% YoY) driven by $81M decline in transmission revenue; C&I revenue $406.2M (+3.9%).
- Gross margin 8.7% (Q3 2023: 9.8%); project estimate changes reduced margin by 3.9 percentage points.
- EBITDA $37.2M (Q3 2023: $47.0M); backlog $2.60B, up from $2.54B at June 30 but down 0.8% YoY.
- CEO says core markets active and bidding robust; Q3 showed improvement over Q2 as unfavorable projects near completion.

## SEC filing metadata
- accession: 0000700923-24-000051
- form_type: 8-K
- ticker: MYRG
- cik: 0000700923
- company_name: MYR GROUP INC.
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/700923/000070092324000051/0000700923-24-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/700923/000070092324000051/myrg-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000700923-24-000051
- JSON: https://secwatch.observer/filing/0000700923-24-000051.json
- Plain text: https://secwatch.observer/filing/0000700923-24-000051.txt

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