MYR Group Q2 revenue beats expectations, announces share repurchase program

Myr

30/07/2025 21:38

Overview

MYR Q2 rev of $900.3 mln beats analyst expectations, per LSEG data

Record net income of $26.5 mln for Q2, reflecting strong performance

Co announces new $75 mln share repurchase program, indicating financial confidence

Outlook

Company focuses on leveraging relationships for strategic growth

Result Drivers

T&D REVENUE GROWTH - Increased revenue from distribution and transmission projects boosted T&D segment

C&I REVENUE INCREASE - C&I segment revenue rose due to new projects and agreements

PRODUCTIVITY GAINS - Improved productivity and favorable job closeouts positively impacted gross margin

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$900.30 mln
$836.20 mln (5 Analysts)
Q2 EPS
$1.7
Q2 Net Income
$26.50 mln
Q2 Gross Margin
11.5%
Q2 EBITDA
$55.60 mln
Q2 Gross Profit
$103.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "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 $200.00, about 0.9% above its July 29 closing price of $198.15

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nGNX73p8BV

(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.)