NASDAQ$MYRG
MYR Group Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
MYR Group's first quarter performance was strong, with record backlog.
MYR Group Inc. reported a strong first quarter in 2022, with revenues of $636.6 million and a record backlog of $2.41 billion. Net income was $20.7 million, or $1.21 per diluted share, and EBITDA reached $39.6 million.
- Quarterly revenues reached $636.6 million.
- Net income for the quarter was $20.7 million, with earnings per diluted share at $1.21.
- Quarterly EBITDA amounted to $39.6 million.
- The company achieved a record backlog of $2.41 billion.
Headline financials
Revenue & EPS history
MYR Group · Revenue · Quarterly
$637M
Revenue by segment
MYR Group · $864M total across 2 segments · Q4 2022
- Transmission & Distribution$514M—59.5%
- Commercial & Industrial$350M—40.5%
Forward guidance
MYR Group anticipates a successful year in 2022, driven by industry investment in both the Transmission and Distribution (T&D) and Commercial and Industrial (C&I) markets.
Tailwinds
- Strong first quarter performance positions the company well for a successful 2022.
- Record backlog of $2.41 billion reflects solid customer relationships and competitiveness.
- Industry investment continues in both T&D and C&I markets.
- Opportunities exist to expand business with existing customers and gain new customer relationships.
- Skilled team, effective management practices, and sound business strategies will contribute to performance.
Headwinds
- Cost increases mainly associated with supply chain disruptions.
- Impacts from the COVID-19 pandemic caused labor and material inefficiencies on certain projects.
- Inclement weather experienced on certain projects.
- Lower margins due to overall cost increases.
- Decrease in revenue in certain geographical areas within the C&I segment.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-0.0%
Avg return
Earnings day
+2.2%
Avg return
5 days after
+5.7%
Avg return
30 days after
45%
29 / 65 earnings
Positive
+20.3%
Q1 2025
Best reaction
-21.6%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.1% | +37.9% | +40.6% | |
| Q4 2025 | -0.8% | -1.6% | -0.2% | |
| Q3 2025 | -5.4% | +2.1% | -0.5% | |
| Q1 2025 | +20.3% | +25.0% | +28.2% | |
| Q4 2024 | -4.7% | -4.1% | -7.6% | |
| Q3 2024 | +12.5% | +14.4% | +35.6% | |
| Q2 2024 | -21.6% | -30.9% | -27.5% | |
| Q1 2024 | -8.6% | -8.3% | -6.7% | |
| Q4 2023 | -2.9% | +0.7% | +5.7% | |
| Q3 2023 | -4.2% | -7.8% | +4.2% | |
| Q2 2023 | -3.8% | -4.9% | -6.0% | |
| Q1 2023 | +5.6% | +6.1% | +9.2% | |
| Q4 2022 | +15.4% | +22.0% | +23.4% | |
| Q3 2022 | -12.3% | -4.4% | +6.5% | |
| Q2 2022 | +4.7% | +5.3% | +4.5% | |
| Q1 2022 | -5.6% | -11.4% | +6.5% | |
| Q4 2021 | +3.5% | +2.4% | +13.8% | |
| Q3 2021 | -5.6% | -4.4% | +5.7% | |
| Q2 2021 | +4.3% | +0.5% | +13.2% | |
| Q1 2021 | +9.8% | +13.5% | +21.4% | |
| Q4 2020 | -5.7% | +2.7% | +19.2% | |
| Q3 2020 | -0.8% | +0.1% | +19.1% | |
| Q2 2020 | +18.0% | +15.9% | +17.0% | |
| Q1 2020 | +8.1% | -1.4% | +3.8% | |
| Q4 2019 | +18.7% | -0.5% | -13.3% | |
| Q3 2019 | +4.7% | +0.7% | +4.6% | |
| Q2 2019 | -15.7% | -21.3% | -23.9% | |
| Q1 2019 | -0.2% | -3.1% | -10.7% | |
| Q4 2018 | +7.1% | +14.6% | +11.5% | |
| Q3 2018 | -0.8% | +0.4% | -8.0% | |
| Q2 2018 | +6.7% | -2.0% | -5.7% | |
| Q1 2018 | +17.1% | +22.4% | +29.5% | |
| Q4 2017 | +11.4% | +9.3% | -7.9% | |
| Q3 2017 | -5.4% | +4.9% | +10.3% | |
| Q2 2017 | -18.6% | -17.2% | -19.7% | |
| Q1 2017 | -20.3% | -18.7% | -29.5% | |
| Q4 2016 | +11.3% | +7.3% | +8.2% | |
| Q3 2016 | +6.0% | +8.2% | +29.4% | |
| Q2 2016 | +5.9% | +11.4% | +19.2% | |
| Q1 2016 | -9.1% | — | — | |
| Q4 2015 | +5.7% | — | — | |
| Q3 2015 | -11.5% | — | — | |
| Q2 2015 | -1.8% | — | — | |
| Q1 2015 | +0.4% | — | — | |
| Q4 2014 | +11.9% | — | — | |
| Q3 2014 | +3.3% | — | — | |
| Q2 2014 | -3.7% | — | — | |
| Q1 2014 | -2.3% | — | — | |
| Q4 2013 | +1.0% | — | — | |
| Q3 2013 | -8.3% | — | — | |
| Q2 2013 | +4.3% | — | — | |
| Q1 2013 | -10.8% | — | — | |
| Q4 2012 | -1.9% | — | — | |
| Q3 2012 | -9.3% | — | — | |
| Q2 2012 | +5.1% | — | — | |
| Q1 2011 | -13.0% | — | — | |
| Q1 2012 | +0.4% | — | — | |
| Q4 2009 | -1.7% | — | — | |
| Q4 2011 | -1.7% | — | — | |
| Q3 2010 | -2.2% | — | — | |
| Q3 2011 | -2.2% | — | — | |
| Q2 2011 | -3.9% | — | — | |
| Q4 2010 | -3.9% | — | — | |
| Q2 2010 | -3.9% | — | — | |
| Q1 2010 | +8.4% | — | — |
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