earnings
confidence high
sentiment positive
materiality 0.75
MYR Group Q1 2026: record net income $46.8M ($2.99/sh), revenue $1.00B, backlog $2.84B
MYR GROUP INC.
2026-Q1 EPS reported
$2.99
revenue$1,000,380,000
- Quarterly revenue $1.00B (+$166.8M YoY); T&D $541.0M, C&I $459.4M.
- Record net income $46.8M ($2.99 diluted EPS) vs $23.3M ($1.45) in Q1 2025.
- Record EBITDA $81.5M, up from $50.2M; gross margin 13.4% vs 11.6%.
- Record backlog $2.84B (+7.7% YoY); T&D $980.7M, C&I $1.86B.
- Strong balance sheet: $460.5M revolver availability, $163.2M cash.