MYR Group reports Q2 net income of $26.5M, backlog $2.64B; board approves $75M buyback

MYR GROUP INC.

2025-Q2 EPS reported $3.15 revenue$1,733,945,000

Q2 revenues $900.3M (+$71.4M YoY); net income $26.5M ($1.70 diluted EPS) vs net loss of $15.3M in Q2 2024.
Gross margin improved to 11.5% from 4.9% YoY; EBITDA $55.6M vs ($4.7M) a year ago.
Backlog $2.64B as of June 30, 2025, up 3.8% YoY from $2.54B.
Board approved new $75M share repurchase program expiring Feb 4, 2026, replacing prior program.
C&I segment rev $394.1M (+$23.4M); T&D segment rev $506.3M (+$48.1M).

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