Electrical contractor MYR Group's Q3 revenue beats estimates, net income hits record

Reuters10-30
Electrical contractor <a href="https://laohu8.com/S/MYRG">MYR Group</a>'s Q3 revenue beats estimates, net income hits record

Overview

  • MYR Group Q3 2025 revenue of $950.4 mln beats analyst expectations

  • Record Q3 net income of $32.1 mln, reflecting improved operational efficiency

  • Company's backlog rises to $2.66 bln, indicating continued demand for services

Outlook

  • Company did not provide specific financial guidance for the future in the press release

Result Drivers

  • T&D AND C&I GROWTH - Revenue increases in both T&D and C&I segments, with T&D up by $21.5 mln and C&I by $40.8 mln

  • MARGIN IMPROVEMENTS - Gross margin increased due to better-than-anticipated productivity, favorable change orders, and job closeouts

  • ELECTRIFICATION AND INFRASTRUCTURE DEMAND - Co cites accelerating electrification and infrastructure demand as growth drivers

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$950.40 mln

$924.16 mln (6 Analysts)

Q3 EPS

$2.05

Q3 Net Income

$32.10 mln

Q3 Gross Margin

11.80%

Q3 EBITDA

$62.70 mln

Q3 Gross Profit

$111.90 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the construction & engineering peer group is "buy"

  • Wall Street's median 12-month price target for MYR Group Inc is $217.50, about 0.4% below its October 28 closing price of $218.30

  • The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nGNX7WJGRr

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment