Myr Group Inc Del SEC Filings

MYR Group Inc. furnished an investor presentation outlining strong Q1 2026 performance and long‑term trends. For the twelve months ended March 31, 2026, total revenue reached $3.82B, with transmission and distribution revenue of $2.08B and commercial and industrial revenue of $1.74B.

The company reported record LTM net income of $141M, diluted earnings per share of $9.07, EBITDA of $264M, and free cash flow of $230M. Q1 2026 revenue was $1.00B and backlog totaled $2.84B, supported by LTM revenue CAGR of 10.5% and long‑term growth across both segments.

Management highlights a strong balance sheet, including $460M of availability under a $490M credit facility, $163M of cash and equivalents, low debt leverage of 0.04x debt to LTM EBITDA, and ongoing share repurchases. The presentation also describes favorable market drivers such as data center demand, grid investment, reshoring of manufacturing, and MYR Group’s focus on organic growth, acquisitions, safety, sustainability, and experienced leadership.

MYR Group Inc ownership filing shows Vanguard Capital Management beneficially owns 801,456 shares of Common Stock, representing 5.15% of the class. The filing reports sole voting power for 114,952 shares and sole dispositive power for 801,456 shares. The filing notes ownership includes shares held for various Vanguard affiliates and funds.

MYR Group Inc. delivered strong quarterly growth, with contract revenues rising to $1,000.4 million from $833.6 million, driven by gains in both Transmission & Distribution and Commercial & Industrial work. Gross margin improved to 13.4% from 11.6% as more projects progressed at higher contractual margins and favorable estimate revisions lifted profitability.

Net income doubled to $46.8 million from $23.3 million, and diluted EPS increased to $2.99 from $1.45. EBITDA, a non-GAAP measure, increased to $81.5 million from $50.2 million. Backlog reached $2.84 billion, with $2.54 billion expected to be realized within 12 months, supporting near-term revenue visibility.

Cash and cash equivalents were $163.2 million, and net cash provided by operating activities was $84.7 million. Total debt fell to $9.4 million from $59.0 million, with no borrowings outstanding on the $490 million revolving credit facility and $460.5 million of borrowing availability, leaving the balance sheet conservatively leveraged.

MYR Group Inc. reported strong first-quarter 2026 results, with revenue of $1.00 billion, up $166.8 million from the prior year. Both Transmission & Distribution and Commercial & Industrial segments grew, reaching $541.0 million and $459.4 million in revenue, respectively.

Gross profit rose to $134.4 million as gross margin expanded to 13.4% from 11.6%, helped by higher-margin projects, favorable change orders and strong project closeouts. Net income more than doubled to $46.8 million, or $2.99 per diluted share, and EBITDA increased to a record $81.5 million.

Backlog reached a record $2.84 billion as of March 31, 2026, up $203.3 million, or 7.7%, year over year. The company ended the quarter with $163.2 million in cash and cash equivalents and $460.5 million of availability on its $490 million revolver, while generating free cash flow of $68.6 million.

MYR Group Inc. director Kenneth Michael Hartwick reported a routine tax-related share disposition. On April 27, 1,786 shares of common stock were withheld at $346.37 per share to satisfy tax withholding obligations tied to previously granted Restricted Stock Units under the 2017 Long-Term Incentive Plan. Following this non-market transaction, he directly holds 22,131 MYR Group shares.

MYR Group Inc. held its Annual Meeting of Stockholders on April 23, 2026, where stockholders elected eight director nominees to one-year terms expiring at the 2027 annual meeting. Each nominee, including Richard S. Swartz with 13,026,495 votes for and 48,271 against, received strong support.

Stockholders also approved, on an advisory basis, the compensation of the company’s named executive officers, with 12,772,638 votes for and 292,375 against. In addition, they ratified the appointment of Crowe LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 13,581,449 votes for and 80,874 against.

MYR Group director Donald C.I. Lucky reported routine equity compensation activity. On April 24, 2026, 1,160 Restricted Stock Units vested and were settled into the same number of MYR Group common shares. Of these, 554 shares were withheld at $339.28 per share to cover tax obligations, leaving a larger direct shareholding of 20,808 shares. On April 23, 2026, he also received a new award of 414 Restricted Stock Units that are scheduled to convert into 414 common shares on April 23, 2027.

MYR Group Inc. director Richard Aurelie Pascale received a grant of 414 Restricted Stock Units as equity compensation. Each unit represents a contingent right to receive one share of MYR Group common stock. These 414 units are scheduled to convert into 414 common shares on April 23, 2027.

MYR Group Inc. director Karna Ajoy Hari reported compensation-related equity activity, not open-market trading. On April 24, 2026, 1,160 Restricted Stock Units vested and were converted into 1,160 shares of common stock on a one-for-one basis, increasing direct ownership to 4,130 shares. Delivery of these shares has been deferred under the company’s non-employee director deferral program.

Separately, on April 23, 2026, Hari received a grant of 414 Restricted Stock Units under the 2017 Long-Term Incentive Plan. Each unit represents a contingent right to one common share and will be converted into 414 shares on April 23, 2027, with payment also deferred under the same director deferral program.