MYRNASDAQ: MYRG

MYRG's profitability margins have contracted, but they were modest. The decrease was due to rising costs caused by supply chain issues, inflation, and inclement weather. MYRG's profitability margins have contracted, but they were modest. The decrease was due to rising costs caused by supply chain issues, inflation, and inclement weather. The shift towards clean energy and the growing demand for data centres are expected to bolster MYR Group's outlook and provide tailwinds for its growth.

MYR Group's 2023 revenue, EBITDA, EPS, and backlog each rose as the company continued to benefit from growing demand. The Company benefits from the clean energy transition, the need to improve the grid, and expected increasing electricity consumption, all of which are multi-year trends in my view. I rate MYRG a 'Buy', and I would own it in a diversified portfolio.

MYR Group Inc. (MYRG) Q4 2023 Earnings Call Transcript

MYR Group is a low-margin, high-capital turnover business operating in the electric utility infrastructure and construction markets. The company had record sales and backlog in H1 FY'23, indicating strong demand and growth potential. MYRG's economic value is demonstrated by its high returns on capital and capital efficiency, allowing for potential future growth and shareholder returns.

MYR Group (MYRG) makes a strong case for investment, given its earnings revision, strong return on equity and capability to increase shareholders' value.

THORNTON, Colo., Aug. 28, 2023 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend the KeyBanc Capital Markets virtual investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will virtually meet with institutional investors during the Inaugural Energy Transition Symposium virtual conference on Thursday, Sept. 21, 2023. This event is only available to KeyBanc clients.

THORNTON, Colo., Aug. 22, 2023 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend the D.A. Davidson Equity Capital Markets Group investor conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the 22nd Annual Diversified Industrials & Services Conference on Friday, Sept. 22, 2023, in Nashville, Tenn. This event is only available to D.A. Davidson clients.

MYR Group, Inc. (NASDAQ:MYRG ) Q2 2023 Earnings Conference Call July 27, 2023 10:00 AM ET Company Participants David Gutierrez - Head, PR Practice and SVP, Dresner Corporate Services, Inc. Richard Swartz - President & CEO Kelly Huntington - SVP & CFO Tod Cooper - SVP & COO, Transmission and Distribution Don Egan - SVP & COO, Commercial and Industrial Segment Conference Call Participants Alex Dwyer - KeyBank Capital Markets Justin Hawk - Baird Brian Russo - Sidoti John Bratz - Kansas City Capital Operator Hello and thank you for standing by. Welcome to MYR Group Second Quarter 2023 Earnings Results Conference Call.

MYR Group (MYRG) came out with quarterly earnings of $1.33 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.15 per share a year ago.