MYR Group, Inc. - MYRG STOCK NEWS

MYR Group (NASDAQ: MYRG), a specialty contractor holding company in electrical infrastructure and construction, announced its participation in the Oppenheimer Midwest Virtual Summit. CEO Rick Swartz and CFO Kelly Huntington will conduct virtual meetings with institutional investors on December 11, 2024. The summit, exclusively available to Oppenheimer clients, will focus on the company's operations in electric utility infrastructure and commercial/industrial construction across the United States and Canada.

MYR Group Inc. (NASDAQ: MYRG), a leading specialty contractor serving the electric utility infrastructure, commercial, and industrial construction markets in the U.S. and Canada, announced its participation in the Janney 2nd Annual Clean Energy Investment Symposium. The event will take place on December 5, 2024, in New Orleans. CEO Rick Swartz and CFO Kelly Huntington will represent MYR Group and engage with institutional investors. The symposium is exclusively accessible to Janney clients.

MYR Group (NASDAQ: MYRG), a leading specialty contractor in electric utility infrastructure and commercial/industrial construction across the US and Canada, has announced its participation in the UBS Global Industrials and Transportation Conference. CEO Rick Swartz and CFO Kelly Huntington will engage with institutional investors at the event on December 4, 2024, in Palm Beach, Florida. The conference is exclusively available to UBS clients.

MYR Group reported third-quarter 2024 financial results with revenues of $888.0 million, down 5.5% year-over-year. Net income decreased to $10.6 million ($0.65 per diluted share) from $21.5 million ($1.28 per diluted share) in Q3 2023. The T&D segment revenue declined 12.2% to $481.9 million, while C&I segment revenue increased 3.9% to $406.2 million. Gross margin decreased to 8.7% from 9.8% year-over-year. The company maintained a strong backlog of $2.60 billion as of September 30, 2024.

MYR Group (NASDAQ: MYRG), a specialty contractor holding company in electrical infrastructure and construction, has announced its participation in the 2024 Stephens Annual Investment Conference. The company's CEO Rick Swartz and CFO Kelly Huntington will engage with institutional investors during the conference, scheduled for November 20, 2024, in Nashville, Tennessee. The event is exclusively available to Stephens clients. MYR Group operates in both the United States and Canada, serving electric utility infrastructure and commercial and industrial construction markets.

MYR Group Inc. (NASDAQ: MYRG), a holding company of specialty contractors in the electric utility infrastructure and construction markets, has announced its schedule for the release of third-quarter 2024 earnings. The company will release its results on Wednesday, Oct. 30, 2024, after market close. A conference call and webcast to discuss the results is scheduled for Thursday, Oct. 31, 2024, at 8:00 a.m. Mountain time.

To participate in the telephone conference, interested parties must register in advance using the provided link. Upon registration, participants will receive dial-in information and a unique passcode. An audio-only webcast will be available on the Investors page of MYR Group's website, with a replay accessible for seven days following the call.

MYR Group Inc. (NASDAQ: MYRG), a leading specialty contractor in electric utility infrastructure and commercial/industrial construction across the US and Canada, has announced its participation in the Baird 2024 Global Industrial Conference. The event, scheduled for Tuesday, November 12, 2024, in Chicago, will see MYR Group's CEO Rick Swartz and CFO Kelly Huntington meeting with institutional investors.

This conference is an exclusive event, open only to Baird clients. MYR Group's attendance at this high-profile industrial conference underscores its commitment to engaging with investors and maintaining transparency in its operations. The company's presence at such events provides an opportunity for institutional investors to gain insights into MYR Group's strategies and performance in the specialty contracting sector.

MYR Group Inc. (NASDAQ: MYRG) reported its second-quarter and first-half 2024 financial results, showing a decline in performance. Key highlights include:

- Q2 revenues of $828.9 million, down 6.7% year-over-year
- Q2 net loss of $15.3 million, or ($0.91) per diluted share
- Q2 EBITDA of ($4.7) million
- Backlog of $2.54 billion

The decrease in revenues and profitability was primarily due to unfavorable clean energy projects in the T&D segment and one project in the C&I segment. Despite these challenges, management remains confident in future growth opportunities driven by increased electrification, growing demand for data centers, and continued investments in electrical infrastructure.

MYR Group Inc. (NASDAQ: MYRG), a holding company of specialty contractors in the electric utility infrastructure and construction markets, has announced its second-quarter 2024 earnings release schedule. The company will release its results on Wednesday, July 31, 2024, after market close. A conference call and webcast to discuss the results is scheduled for Thursday, Aug. 1, 2024, at 8:00 a.m. Mountain time.

Interested parties can register for the telephone conference via a provided link. An audio-only webcast will be available on the company's website, with a replay accessible for seven days following the call.