secwatch.observer — SEC 8-K summary
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Issuer:     MYR GROUP INC. (MYRG)
CIK:        0000700923
Form:       8-K
Filed at:   2026-10-28T20:03:05+00:00
Accession:  0000700923-26-000051
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

MYR Group posts record Q3 revenue of $1.26B, net income $60.0M ($3.82/sh), backlog up 38%
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- Q3 revenue $1.26B, up $308.6M YoY; net income $60.0M ($3.82 diluted) vs $32.1M ($2.05); EBITDA $110.0M vs $62.7M.
- C&I segment record revenue $704.5M (+$257.5M YoY), aided by Valley Electric and Comet Electric acquisitions; T&D revenue $554.5M (+$51.1M).
- Gross margin 13.6% vs 11.8%; project estimate changes added 0.4 pts vs a 0.6-pt drag a year ago; SG&A rose to $81.5M from $65.9M.
- Backlog record $3.68B, up 38.2% YoY (C&I $2.39B, T&D $1.29B); nine-month revenue $3.34B, net income $156.7M ($9.97/sh).
- Board approved new $100M buyback effective Nov 4, 2026 through Nov 3, 2027, funded with cash and revolver; $650.5M available on $690M facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700923/000070092326000051/0000700923-26-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700923/000070092326000051/myrg-20261028.htm
  HTML page:      https://secwatch.observer/filing/0000700923-26-000051

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