secwatch.observer — SEC 8-K summary
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Issuer:     MYR GROUP INC. (MYRG)
CIK:        0000700923
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0000700923-25-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MYR Group Q4 net income falls 33% to $16M; revenue down 17.4% YoY
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- Q4 EPS $0.99 diluted vs $1.43 YoY; net income $16.0M.
- Q4 revenue $829.8M, down 17.4%; T&D segment revenue fell 23.9% to $450M.
- Full-year EPS $1.83 diluted vs $5.40 YoY; revenue $3.36B, down 7.7%.
- Backlog $2.58B at Dec 31, 2024, up 2.5% YoY ($2.51B).
- Board authorized new $75M share repurchase program, expiring Sept 5, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700923/000070092325000005/0000700923-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700923/000070092325000005/myrg-20250226.htm
  HTML page:      https://secwatch.observer/filing/0000700923-25-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer