MYR Group Q4 revenue rises 17.3%, beats estimates

Myr

25/02/2026 22:04

Overview

Specialty contractor's Q4 revenue rose 17.3% yr/yr, beating analyst expectations

Q4 net income of $36.5 mln, driven by higher margins and productivity

Company reported record backlog of $2.82 bln, indicating strong future pipeline

Outlook

MYR Group did not provide specific financial guidance for 2026

Result Drivers

ELECTRIFICATION DEMAND - Increased demand for electrification and investment in electrical infrastructure drove revenue growth

SEGMENT REVENUE GROWTH - T&D segment revenue increased by $80.9 mln, driven by transmission and distribution projects, while C&I segment revenue rose by $62.8 mln, reflecting higher contractual margins

MARGIN IMPROVEMENT - Gross margin increased to 11.4% due to favorable change orders, better-than-anticipated productivity, and favorable job closeouts

Company press release: ID:nGNXcdrGfs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$973.50 mln
$897.95 mln (8 Analysts)
Q4 EPS
$2.33
Q4 Net Income
$36.50 mln
Q4 Gross Margin
11.40%
Q4 EBITDA
$64.20 mln
Q4 Gross Profit
$111.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "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 $253.00, about 9.3% below its February 24 closing price of $279.00

The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 27 three months ago

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