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MYR (MYRG)

MYR is a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets throughout the United States and western Canada who have the experience and expertise to complete electrical installations of any type and size. Their comprehensive services on electric transmission and distribution networks and substation facilities include design, engineering, procurement, construction, upgrade, maintenance and repair services. Transmission and distribution customers include investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners and other contractors. Commercial and industrial electrical contracting services are provided to general contractors, commercial and industrial facility owners, local governments and developers generally throughout the United States and western Canada.

Company profile

Ticker
MYRG
Exchange
CEO
Richard Swartz
Employees
Incorporated
Location
Fiscal year end
Former names
MYERS L E CO GROUP, MYR GROUP INC
SEC CIK
Subsidiaries
CSI Electrical Contractors, Inc. • E.S. Boulos Company • Great Southwestern Construction, Inc. • GSW Integrated Services, LLC • Harlan Electric Company • High Country Line Construction, Inc. • Huen Electric, Inc. • MYR Equipment, LLC • MYR Group Construction Canada, Ltd. • MYR Real Estate Holdings, LLC ...
IRS number
363158643

MYRG stock data

Calendar

27 Jul 22
9 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 22.06M 22.06M 22.06M 22.06M 22.06M 22.06M
Cash burn (monthly) (no burn) 3.86M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 5.15M n/a n/a n/a n/a
Cash remaining n/a 16.9M n/a n/a n/a n/a
Runway (months of cash) n/a 4.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Aug 22 Tod M. Cooper Common Stock Sell Dispose S No Yes 97.2194 908 88.28K 40,929
1 Aug 22 Tod M. Cooper Common Stock Sell Dispose S No Yes 97.0127 215 20.86K 41,837
2 May 22 Ajoy Hari Karna RSU Common Stock Grant Acquire A No No 0 1,425 0 1,425
22 Apr 22 Koertner William A Common Stock Option exercise Acquire M No No 0 1,087 0 36,637
22 Apr 22 Koertner William A RSU Common Stock Option exercise Dispose M No No 0 1,087 0 0
22 Apr 22 Favreau Bradley Thede Common Stock Option exercise Acquire M No No 0 1,087 0 13,075
22 Apr 22 Favreau Bradley Thede RSU Common Stock Option exercise Dispose M No No 0 1,087 0 0
21 Apr 22 Favreau Bradley Thede RSU Common Stock Grant Acquire A No No 0 1,195 0 1,195
85.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 204 219 -6.8%
Opened positions 17 23 -26.1%
Closed positions 32 16 +100.0%
Increased positions 77 80 -3.8%
Reduced positions 77 83 -7.2%
13F shares Current Prev Q Change
Total value 1.36B 1.61B -15.9%
Total shares 14.29M 14.46M -1.2%
Total puts 3.1K 11.4K -72.8%
Total calls 7.7K 24.3K -68.3%
Total put/call ratio 0.4 0.5 -14.2%
Largest owners Shares Value Change
BLK Blackrock 2.92M $274.87M +2.7%
Vanguard 1.19M $111.63M +3.3%
Dimensional Fund Advisors 1.17M $110.06M -3.7%
MCQEF Macquarie 957.88K $90.08M -20.3%
Neumeier Poma Investment Counsel 637.93K $59.99M +2.1%
PFG Principal Financial Group Inc - Registered Shares 562.18K $52.87M +9.2%
STT State Street 534.86K $50.3M +4.1%
Millennium Management 511.4K $48.09M +85.8%
Victory Capital Management 417.2K $39.02M -0.5%
Geode Capital Management 315.44K $29.66M -3.0%
Largest transactions Shares Bought/sold Change
MCQEF Macquarie 957.88K -243.39K -20.3%
Millennium Management 511.4K +236.21K +85.8%
IVZ Invesco 303.55K -122.63K -28.8%
Aventail Capital 31.17K -82.83K -72.7%
BLK Blackrock 2.92M +77.66K +2.7%
Phocas Financial 2.35K -63.77K -96.4%
RK Capital Management 142.81K +58.4K +69.2%
Verition Fund Management 50.2K +50.2K NEW
PFG Principal Financial Group Inc - Registered Shares 562.18K +47.35K +9.2%
HNNA Hennessy Advisors 0 -46.3K EXIT

Financial report summary

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Risks
  • Our operating results may vary significantly from period to period.
  • Our industry is highly competitive.
  • Negative economic and market conditions may adversely impact our customers’ future spending and, as a result, our operations and growth.
  • We may be unsuccessful in generating internal growth, which could impact the projects available to the Company.
  • Our inability to successfully execute or integrate acquisitions or joint ventures may have an adverse impact on our growth strategy and business.
  • Project performance issues, including those caused by third parties, or certain contractual obligations may result in additional costs to us, reductions or delays in revenues or the payment of penalties, including liquidated damages.
  • We may be unable to attract and retain qualified personnel.
  • The timing of new contracts and termination of existing contracts may result in unpredictable fluctuations in our cash flows and financial results.
  • During the ordinary course of our business, we may become subject to lawsuits or indemnity claims.
  • Backlog may not be realized or may not result in profits and may not accurately represent future revenue.
  • Our insurance has limits and exclusions that may not fully indemnify us against certain claims or losses, including claims resulting from wildfires or other natural disasters and an increase in cost, or the unavailability or cancellation of third-party insurance coverages would increase our overall risk exposure and may reduce our profitability.
  • Risks associated with operating in the Canadian market could restrict our ability to expand and harm our business and prospects.
  • Changes in tax laws or our interpretations of tax laws could materially impact our income tax liabilities.
  • The nature of our business exposes us to potential liability for warranty claims and faulty engineering, which may reduce our profitability.
  • Health outbreaks such as the COVID-19 pandemic may have an adverse impact on our business, employees, liquidity, financial condition, results of operations and cash flows.
  • Our dependence on suppliers, subcontractors and equipment manufacturers could expose us to the risk of loss in our operations.
  • Our participation in joint ventures and other projects with third parties may expose us to liability for failures of our partners.
  • Legislative or regulatory actions relating to electricity transmission and renewable energy may impact demand for our services.
  • We may incur liabilities and suffer negative financial or reputational impacts relating to occupational health and safety matters, including those related to environmental hazards such as wildfires and other natural disasters.
  • Our failure to comply with environmental and other laws and regulations could result in significant liabilities.
  • Our business may be affected by seasonal and other variations, including severe weather conditions and the nature of our work environment.
  • Opportunities associated with government contracts could lead to increased governmental regulation applicable to us.
  • We are subject to risks associated with climate change including financial risks and physical risks such as an increase in extreme weather events (such as floods, wildfires or hurricanes), rising sea levels and limitations on water availability and quality.
  • Our use of percentage-of-completion accounting could result in a reduction or reversal of previously recognized revenues and profits.
  • Our financial results are based upon estimates and assumptions that may differ from actual results.
  • Our actual costs may be greater than expected in performing our fixed-price and unit-price contracts.
  • An increase in the prices or availability of certain materials and commodities used in our business could adversely affect our business.
  • We may not be able to compete for, or work on, certain projects if we are not able to obtain necessary bonds, letters of credit, bank guarantees or other financial assurances.
  • Work stoppages or other labor issues with our unionized workforce could adversely affect our business, and we may be subject to unionization attempts.
  • Multi-employer pension plan obligations related to our unionized workforce could adversely impact our earnings.
  • We rely on information, communications and data systems in our operations and we or our business partners may be subject to failures, interruptions or breaches of such systems, which could affect our operations or our competitive position, expose sensitive information or damage our reputation.

Content analysis

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Positive
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Legalese
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Readability
H.S. sophomore Avg
New words: recessionary, signalization, storm, Subsidy
Removed: addressed, convention, generation, hopeful, lending, quickly, rebound, recent