MYR Group Inc (OQ:MYRG)
Business Focus: Smart Grid & Power Distribution Construction
| Sector: Industrials | Industry: Construction & Engineering |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 12121 Grant Street, Suite 610 THORNTON CO 80241 |
| Tel: | 1-312-7807204 |
| Website: | https://myrgroup.com |
| IR: | See website |
| Key People | ||
| Richard S. Swartz President, Chief Executive Officer, Director | Kelly Huntington Chief Financial Officer, Senior Vice President | Don A. Egan Senior Vice President, Chief Operating Officer - Commercial and Industrial |
| Brian Stern Senior Vice President and Chief Operating Officer - Transmission & Distribution | William F. Fry Vice President, Chief Legal Officer, Secretary | |
| Business Overview |
| MYR Group Inc. is a holding company. The Company, through its subsidiaries, provides specialty electrical construction services, which serve the electric utility infrastructure, commercial and industrial construction markets. It operates through two electrical contracting service segments: Transmission and Distribution (T&D) and Commercial and Industrial (C&I). Its T&D segment provides a range of services on electric transmission and distribution networks, substation facilities, which include design, engineering, procurement, construction, upgrade and maintenance and repair services, with a focus on construction, maintenance and repair. It also provides emergency restoration services in response to, wildfire, ice or other damage. Its C&I segment provides services, such as the design, installation, maintenance and repair of commercial and industrial wiring, the installation of intelligent transportation systems, roadway lighting and signalization in the United States and western Canada. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, MYR Group Inc revenues increased 21% to $3.64B. Net income increased 9% to $91M. Revenues reflect T&D segment increase of 20% to $2.09B, C&I segment increase of 23% to $1.55B. Basic Earnings per Share excluding Extraordinary Items increased from $4.98 to $5.45. |
| Employees: | 9,000 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,689M as of Dec 31, 2023 |
| Annual revenue (TTM): | $3,644M as of Dec 31, 2023 |
| EBITDA (TTM): | $184.02M as of Dec 31, 2023 |
| Net annual income (TTM): | $90.99M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$13.72M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $13.70M as of Dec 31, 2023 |
| Shares outstanding: | 16,739,341 as of Feb 23, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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