NASDAQ$MYRG

MYR Group Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported strong financial results driven by growth in both T&D and C&I segments.

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.

Headline financials

Total Revenue

$646M

Previous: $608M+6.3%
EPS (adj)

$1.20

Previous: $1.07+12.1%
Backlog

$1.79B

No prior period
Gross Margin

12.9%

Previous: 12.6%+2.4%
Capital Expenditures

$19.7M

Previous: $16.9M+16.4%
Free Cash Flow

$9.35M

Previous: $29.7M-68.5%
Net Income

$20.7M

Previous: $18.2M+14.0%
Operating Income

$30.5M

Previous: $25.9M+18.0%
Gross Profit

$83.1M

Previous: $76.4M+8.7%
Cash & Equivalents

$82.1M

Previous: $22.7M+262.1%
Total Assets

$1.12B

Previous: $996M+12.6%
Stock-Based Comp

$2.15M

Previous: $1.88M+13.9%

Revenue & EPS history

MYR Group · Revenue · Quarterly

$646M

Q4 2021+6.3%vs Q4 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

MYR Group · $864M total across 2 segments · Q4 2022

  • Transmission & Distribution
    $514M
  • Commercial & Industrial
    $350M

Forward guidance

Industry outlooks indicate positive trends in T&D spending, resiliency in primary C&I markets, and growing opportunities in renewable energy.

Tailwinds

  • Positive trends in Transmission and Distribution spending.
  • Resiliency in our primary Commercial and Industrial markets.
  • Growing opportunities in renewable energy.

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 2021

Historical avgQ4 2021

-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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