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
Website
CEO
Richard Swartz
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MYERS L E CO GROUP, MYR GROUP INC
SEC CIK
Corporate docs
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
Press releases
MYR Group Inc. Announces Intention to Declassify its Board of Directors
2 Aug 22
MYR Group Inc. Announces Second-Quarter and First-Half 2022 Results
27 Jul 22
MYR Group Inc. Announces Second-Quarter 2022 Earnings Release and Conference Call Schedule
13 Jul 22
MYR Group Inc. to Participate in Sidoti Summer Small Cap Virtual Conference
16 May 22
Calendar
27 Jul 22
9 Aug 22
31 Dec 22
Financial summary
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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
85.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 204 |
Opened positions | 17 |
Closed positions | 32 |
Increased positions | 77 |
Reduced positions | 77 |
13F shares | Current |
---|---|
Total value | 1.36B |
Total shares | 14.29M |
Total puts | 3.1K |
Total calls | 7.7K |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 2.92M | $274.87M |
Vanguard | 1.19M | $111.63M |
Dimensional Fund Advisors | 1.17M | $110.06M |
MCQEF Macquarie | 957.88K | $90.08M |
Neumeier Poma Investment Counsel | 637.93K | $59.99M |
PFG Principal Financial Group Inc - Registered Shares | 562.18K | $52.87M |
STT State Street | 534.86K | $50.3M |
Millennium Management | 511.4K | $48.09M |
Victory Capital Management | 417.2K | $39.02M |
Geode Capital Management | 315.44K | $29.66M |
Financial report summary
?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
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
|
New words:
recessionary, signalization, storm, Subsidy
Removed:
addressed, convention, generation, hopeful, lending, quickly, rebound, recent
Financial reports
Current reports
8-K
MYR Group Inc. Announces Intention to Declassify its Board of Directors
2 Aug 22
8-K
Regulation FD Disclosure
27 Jul 22
8-K
MYR Group Inc. Announces Second-Quarter and First-Half 2022 Results
27 Jul 22
8-K
MYR Group Inc. Announces New $75 Million Share Repurchase Program
4 May 22
8-K
MYR Group Inc. Announces Appointment of New Board Member
2 May 22
8-K
Regulation FD Disclosure
29 Apr 22
8-K
MYR Group Inc. Announces First-Quarter 2022 Results
27 Apr 22
8-K
Departure of Directors or Certain Officers
26 Apr 22
8-K
Regulation FD Disclosure
1 Mar 22
8-K
MYR Group Inc. Announces Fourth-Quarter and Full Year 2021 Results
23 Feb 22
Registration and prospectus
S-8
Registration of securities for employees
29 Apr 20
S-8
Registration of securities for employees
27 Apr 17
S-8
Registration of securities for employees
19 May 14
S-8
Registration of securities for employees
11 May 11
POS AM
Prospectus update (post-effective amendment)
10 Mar 09
S-8
Registration of securities for employees
29 Dec 08
424B3
Prospectus supplement
12 Nov 08
424B3
Prospectus supplement
15 Sep 08
424B3
Prospectus supplement
3 Sep 08
8-A12B/A
Registration of securities on exchange (amended)
1 Sep 08
Other
UPLOAD
Letter from SEC
9 Mar 16
CORRESP
Correspondence with SEC
8 Mar 16
UPLOAD
Letter from SEC
3 Mar 16
UPLOAD
Letter from SEC
23 Dec 15
UPLOAD
Letter from SEC
14 Dec 15
UPLOAD
Letter from SEC
14 Jul 10
CORRESP
Correspondence with SEC
6 Jul 10
UPLOAD
Letter from SEC
22 Jun 10
EFFECT
Notice of effectiveness
12 Mar 09
CORRESP
Correspondence with SEC
11 Aug 08
Ownership
4
MYR / TOD M. COOPER ownership change
3 Aug 22
4
MYR / Ajoy Hari Karna ownership change
3 May 22
3
MYR / Ajoy Hari Karna ownership change
3 May 22
4
MYR / William Patterson ownership change
25 Apr 22
4
MYR / Shirin O'Connor ownership change
25 Apr 22
4
MYR / Kenneth Michael Hartwick ownership change
25 Apr 22
4
MYR / WILLIAM A KOERTNER ownership change
25 Apr 22
4
MYR / Bradley Thede Favreau ownership change
25 Apr 22
4
MYR / DONALD C.I. LUCKY ownership change
25 Apr 22
4
MYR / Jennifer Elaine Lowry ownership change
25 Apr 22
Transcripts
2022 Q2
Earnings call transcript
28 Jul 22
2022 Q1
Earnings call transcript
28 Apr 22
2021 Q4
Earnings call transcript
24 Feb 22
2021 Q3
Earnings call transcript
28 Oct 21
2021 Q2
Earnings call transcript
2 Aug 21
2021 Q1
Earnings call transcript
1 May 21
2020 Q4
Earnings call transcript
4 Mar 21
2020 Q3
Earnings call transcript
1 Nov 20
2020 Q2
Earnings call transcript
2 Aug 20
2020 Q1
Earnings call transcript
1 May 20
Reddit threads
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Anything undervalued right now?
16 Jul 22
Industrial stocks to watch
5 Jun 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22
Daily Discussion Thread - April 25th, 2022
25 Apr 22
Daily Discussion Thread - February 23rd, 2022
23 Feb 22
Daily Discussion Thread - February 22nd, 2022
22 Feb 22