NASDAQ$MYRG
MYR Group Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
MYR Group reported record quarterly revenues and backlog, with net income increasing by 13.2% compared to the same period of 2022.
MYR Group Inc. announced strong second-quarter results, achieving record quarterly revenues of $888.6 million and a record backlog of $2.73 billion. Net income for the quarter was $22.3 million, a 13.2% increase year-over-year. The company's performance was driven by growth in both its Transmission and Distribution (T&D) and Commercial and Industrial (C&I) segments, particularly related to clean energy projects.
- Record quarterly revenues of $888.6 million.
- Net income of $22.3 million, or $1.33 per diluted share.
- EBITDA of $47.1 million.
- Record backlog of $2.73 billion.
Headline financials
Revenue & EPS history
MYR Group · Revenue · Quarterly
$889M
Revenue by segment
MYR Group · $864M total across 2 segments · Q4 2022
- Transmission & Distribution$514M—59.5%
- Commercial & Industrial$350M—40.5%
Forward guidance
The continued investment in the overall electrical infrastructure system combined with the expanding demand for clean energy sources, present ongoing opportunities for long term growth.
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 Q2 2023
-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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