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Dec 31, 2021
MYR Group Q4 2021 Earnings Report
Reported strong financial results driven by growth in both T&D and C&I segments.
Key Takeaways
MYR Group Inc. reported a strong fourth quarter with revenues of $646.0 million and net income of $20.7 million, or $1.20 per diluted share. Both revenues and net income increased compared to the same period in 2020. The company's backlog at the end of the fourth quarter was $1.79 billion.
Fourth quarter revenues reached $646.0 million.
Net income for the fourth quarter was $20.7 million, or $1.20 per diluted share.
EBITDA for the fourth quarter totaled $41.4 million.
Backlog at the end of the fourth quarter reached $1.79 billion.
Forward Guidance
Industry outlooks indicate positive trends in T&D spending, resiliency in primary C&I markets, and growing opportunities in renewable energy.
Positive Outlook
- Positive trends in Transmission and Distribution spending.
- Resiliency in our primary Commercial and Industrial markets.
- Growing opportunities in renewable energy.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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