secwatch.observer — SEC 8-K summary
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Issuer:     MYR GROUP INC. (MYRG)
CIK:        0000700923
Form:       8-K
Filed at:   2025-07-30T23:59:59+00:00
Accession:  0000700923-25-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700923/000070092325000028/0000700923-25-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700923/000070092325000028/myrg-20250730.htm
  HTML page:      https://secwatch.observer/filing/0000700923-25-000028

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