MYR Group Q1 2025 revenue $833.6M (+2.2% YoY); net income $23.3M ($1.45 EPS)

MYR GROUP INC.

2025-Q1 EPS reported $1.45 revenue$833,620,000

Net income $23.3M ($1.45 diluted EPS) vs $18.9M ($1.12) in Q1 2024; EBITDA $50.2M vs $39.8M.
Revenues $833.6M (+$18.0M YoY); T&D segment $461.8M (down $28.6M), C&I $371.9M (up $46.7M).
Gross margin improved to 11.6% from 10.6% due to higher contractual margins and favorable change orders.
Backlog $2.64B vs $2.58B at Dec 31, 2024, up 8.9% YoY; T&D $872.5M, C&I $1.77B.
Borrowing availability $379.4M under $490M revolving credit facility.

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