MYR Group Inc. faced a -7.73% YOY revenue decline in FY24 due to renewable energy project challenges but is poised for growth with data center construction and manufacturing reshoring catalysts. MYR Group may realize improved revenue growth operating margins going forward following the mechanical completion of these renewable projects. Management issued a $75mm MYRG share repurchase program in Q4 '24 with the expectations of improved free cash flow in eFY25.
MYR Group Inc. (NASDAQ:MYRG ) Q4 2024 Earnings Conference Call February 27, 2025 10:00 AM ET Company Participants David Gutierrez - Dresner Corporate Services Rick Swartz - President & Chief Executive Officer Kelly Huntington - Senior Vice President & Chief Financial Officer Brian Stern - Senior Vice President and Chief Operating Officer, Transmission & Distribution Segment Don Egan - Senior Vice President & Chief Operating Officer, Commercial & Industrial Segment Conference Call Participants Sangita Jain - KeyBanc Justin Hauke - Baird Ati Modak - Goldman Sachs Jon Braatz - KCCA Brian Brophy - Stifel Operator Good morning, everyone, and welcome to the MYR Group Fourth Quarter 2024 Earnings Results Conference Call. At this time, all participants are in a listen-only mode.
THORNTON, Colo., Feb. 26, 2025 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR” or the "Company") (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 today its fourth quarter and full year 2024 financial results, and a new share repurchase program (“Repurchase Program”).
MYR Group Inc (NASDAQ:MYRG ) Q3 2024 Results Conference Call October 31, 2024 10:00 AM ET Company Participants David Gutierrez - Dresner Corporate Services Richard Swartz - President & Chief Executive Officer Kelly Huntington - Senior Vice President and Chief Financial Officer Brian Stern - SVP and Chief Operating Officer, Transmission and Distribution Segment Don Egan - SVP and Chief Operating Officer, Commercial and Industrial Segment Conference Call Participants Atidrip Modak - Goldman Sachs Sangita Jain - KeyBanc Capital Markets Justin Hauke - Baird Brian Brophy - Stifel Jon Braatz - Kansas City Capital Operator Good day, and thank you for standing by. Welcome to the MYR Group Third Quarter 2024 Conference Call.
MYR Group (MYRG) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $1.28 per share a year ago.
THORNTON, Colo., Oct. 16, 2024 (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 release its third-quarter 2024 results on Wednesday, Oct. 30, 2024, after the market closes. In conjunction with the release, MYR Group has scheduled a conference call and simultaneous webcast to discuss results on Thursday, Oct. 31, 2024, at 8:00 a.m. Mountain time.
THORNTON, Colo., Oct. 11, 2024 (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 Baird 2024 Global Industrial Conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the Baird Global Industrial investor conference on Tuesday, Nov. 12, 2024, in Chicago. This event is only available to Baird clients.
MYR Group is well-positioned to flourish as the U.S. electrical infrastructure steps up to accommodate our growing digital era (including AI). But MYR Group's margins and year-to-year EPS comparisons have recently been plagued by operating issues, especially in the 2024 second quarter. I don't usually obsess over occasional bad results.
MYR Group (MYRG) came out with a quarterly loss of $0.91 per share versus the Zacks Consensus Estimate of $1.07. This compares to earnings of $1.33 per share a year ago.
THORNTON, Colo., July 31, 2024 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR”) (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 today its second-quarter and first-half 2024 financial results.