secwatch.observer — SEC 8-K summary
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Issuer:     MYR GROUP INC. (MYRG)
CIK:        0000700923
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0000700923-25-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700923/000070092325000021/0000700923-25-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700923/000070092325000021/myrg-20250430.htm
  HTML page:      https://secwatch.observer/filing/0000700923-25-000021

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