Founded in 1891, MYR Group Inc. (MYRG) is a holding company that, through its subsidiaries, offers electrical construction services across the United States. MYRG is headquartered in Rolling Meadows, Illinois. Its primary operating subsidiaries include The L.E. Myers Co. and Sturgeon Electric Company, Inc., among others. These subsidiaries provide a broad range of services such as designing, installing, maintaining, and repairing energy infrastructure systems.
MYR Group operates in two main areas: Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a full suite of services to a wide range of clients, including investor-owned utilities, cooperatives, municipalities, and private developers. In the Commercial and Industrial segment, MYRG provides large-scale electrical construction services to commercial and industrial clients, including hospitals, data centers, refineries, renewable energy facilities, and more.
In recent years, MYR Group has worked on high-profile projects, including major transmission and substation projects, and has made significant inroads in the renewable energy sector, working on solar and wind power projects.
Known for delivering leading-edge solutions and for its safety record in the industry, MYR Group places a high emphasis on employee health and safety, client satisfaction, and sustainable practices. The company is committed to executing projects efficiently, effectively, and safely while making a positive impact on the communities where they work.
MYRG is publicly listed and trades under the ticker "MYRG" on the NASDAQ Global Select Market. The extended period of infrastructure advancement and growth in renewable energy in the U.S. is supporting MYRG’s growth and expansion. With more than a century of experience, strong industry relationships, and a wide range of services offered, MYR Group Inc. is well-positioned for continued success and growth in the years to come.
In conclusion, MYR Group Inc. is a respected player in the electrical construction industry, delivering a broad range of services across different sectors. Its long-standing history, reputation for safety and efficiency, and focus on sustainable practices set it apart from its competitors. With ongoing infrastructure development and the rise of renewable energy, the future looks promising for MYR Group.
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MYR Group Inc. (MYRG) delivered strong third-quarter 2026 earnings, surpassing analyst estimates, and projected significant revenue growth for 2027, driven by electrical infrastructure investment and acquisitions. The company anticipates double-digit revenue increases across both its Commercial and Industrial (C&I) and Transmission and Distribution (T&D) segments, while maintaining strong operating margins. MYRG is also actively integrating recent acquisitions, selectively pursuing new opportunities, and managing cash flow pressures with a new share repurchase program.
Zacks Research has upgraded MYR Group (NASDAQ:MYRG) from a "hold" to a "strong-buy" rating. This upgrade comes after the company reported strong quarterly earnings, beating consensus estimates with $3.82 EPS and revenue of $1.26 billion, a 32.5% year-over-year increase. The stock currently holds a "Moderate Buy" consensus rating among analysts with an average target price of $397.00.
MYR Group, Inc. (NASDAQ:MYRG) has received a "Moderate Buy" consensus rating from analysts, with an average 12-month price target of $404.20. The company recently exceeded quarterly earnings expectations, reporting EPS of $3.82 against a $2.97 consensus and revenue of $1.26 billion. Despite some recent rating downgrades and price target adjustments by individual firms, institutional investors have increased their stakes in MYR Group.
MYR Group Inc. reported strong Q3 2026 results, with diluted earnings per share of $3.82, beating analyst forecasts by 26.9% and surging 86.3% year-over-year. Revenue also saw a significant increase of 32.4% to $1.26 billion, driven largely by its Commercial & Industrial segment. Despite the robust performance, MYRG stock showed a muted market reaction, potentially due to profit-taking or valuation concerns.
MYR Group reported record Q3 2026 revenues of $1.26 billion, a 32% year-over-year increase, driven by acquisitions and strong performance. Net income hit a record $60 million, with diluted EPS up 86%, and total backlog reached $3.68 billion. The company announced a new $100 million share repurchase program and provided optimistic guidance for 2027, expecting strong growth in both C&I and T&D segments.
MYR Group (NASDAQ:MYRG) announced strong quarterly earnings, reporting an EPS of $3.82, which surpassed analyst expectations by $0.85, and revenue of $1.26 billion, exceeding estimates. Following the positive results, shares of MYRG rose 5.0% to $279.92. The company also demonstrated solid financial health with a 24.17% return on equity, a 4.13% net margin, and a low debt-to-equity ratio of 0.01, maintaining a "Moderate Buy" consensus rating from analysts.