Electrical contractor MYR Group's Q3 revenue beats estimates, net income hits record

Myr

29/10/2025 20:34

Overview

MYR Group Q3 2025 revenue of $950.4 mln beats analyst expectations

Record Q3 net income of $32.1 mln, reflecting improved operational efficiency

Company's backlog rises to $2.66 bln, indicating continued demand for services

Outlook

Company did not provide specific financial guidance for the future in the press release

Result Drivers

T&D AND C&I GROWTH - Revenue increases in both T&D and C&I segments, with T&D up by $21.5 mln and C&I by $40.8 mln

MARGIN IMPROVEMENTS - Gross margin increased due to better-than-anticipated productivity, favorable change orders, and job closeouts

ELECTRIFICATION AND INFRASTRUCTURE DEMAND - Co cites accelerating electrification and infrastructure demand as growth drivers

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$950.40 mln
$924.16 mln (6 Analysts)
Q3 EPS
$2.05
Q3 Net Income
$32.10 mln
Q3 Gross Margin
11.80%
Q3 EBITDA
$62.70 mln
Q3 Gross Profit
$111.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for MYR Group Inc is $217.50, about 0.4% below its October 28 closing price of $218.30

The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nGNX7WJGRr

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)