NASDAQ$MYRG

MYR Group Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

MYR Group reported record high revenues and net income attributable to MYR Group Inc. for the quarter, with strong net cash flow from operating activities and a substantial backlog.

MYR Group Inc. announced strong fourth-quarter results with record high revenues of $608.0 million and net income attributable to MYR Group Inc. of $18.2 million, or $1.07 per diluted share. The company's backlog remains strong at $1.65 billion.

  • Record high quarter revenues of $608.0 million.
  • Record high quarter net income attributable to MYR Group Inc. of $18.2 million, or $1.07 per diluted share.
  • Record high quarter EBITDA of $37.2 million.
  • Strong quarter net cash flow from operating activities of $46.5 million and quarter free cash flow of $29.7 million.

Headline financials

Total Revenue

$608M

Previous: $571M+6.5%
EPS (adj)

$1.07

Previous: $0.76+40.8%
EBITDA

$37.2M

No prior period
Gross Margin

12.6%

No prior period
EBITDA per Diluted Share

$2.19

No prior period
Capital Expenditures

$16.9M

Previous: $18.5M-8.6%
Free Cash Flow

$29.7M

Previous: $14.7M+102.0%
Net Income

$18.2M

Previous: $12.8M+41.8%
Operating Income

$25.9M

Previous: $20.8M+24.4%
Gross Profit

$76.4M

Previous: $68.9M+10.9%
Cash & Equivalents

$22.7M

Previous: $12.4M+82.9%
Total Assets

$996M

Previous: $1.01B-1.2%
Stock-Based Comp

$1.88M

Previous: $1.14M+65.0%

Revenue & EPS history

MYR Group · Revenue · Quarterly

$608M

Q4 2020+6.5%vs Q4 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

MYR Group · $608M total across 2 segments · Q4 2020

  • Transmission & Distribution
    $319M+2.4%
  • Commercial & Industrial
    $289M+11.3%

Forward guidance

Company remains optimistic about market opportunities as industry sources continue to highlight positive trends in T&D spending, continued resiliency in our primary C&I markets, and increased opportunities in renewables and energy storage.

Tailwinds

  • Positive trends in T&D spending
  • Continued resiliency in primary C&I markets
  • Increased opportunities in renewables
  • Increased opportunities in energy storage
  • Adapting to changing market conditions and leveraging strong customer relationships to secure future work

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 Q4 2020

Historical avgQ4 2020

-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

Earnings price reactions
QuarterReport dateReaction (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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