)
Overview
<ul>
<li>Specialty contractor’s Q4 revenue rose 17.3% yr/yr, beating analyst expectations</li>
<li>Q4 net income of $36.5 mln, driven by higher margins and productivity</li>
<li>Company reported record backlog of $2.82 bln, indicating strong future pipeline</li>
</ul>
Outlook
<ul>
<li>MYR Group did not provide specific financial guidance for 2026</li>
</ul>
Result Drivers
<ul>
<li>ELECTRIFICATION DEMAND - Increased demand for electrification and investment in electrical infrastructure drove revenue growth</li>
<li>SEGMENT REVENUE GROWTH - T&amp;D segment revenue increased by $80.9 mln, driven by transmission and distribution projects, while C&amp;I segment revenue rose by $62.8 mln, reflecting higher contractual margins</li>
<li>MARGIN IMPROVEMENT - Gross margin increased to 11.4% due to favorable change orders, better-than-anticipated productivity, and favorable job closeouts Company press release:</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q4 Beat $973.50 $897.95
Revenue mln mln (8
Analysts
)
<h3>Q4 EPS $2.33</h3>
Q4 Net $36.50
Income mln
Q4 Gross 11.40%
Margin
<h3>Q4 $64.20</h3>
EBITDA mln
Q4 Gross $111.30
Profit mln
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 6 “strong buy” or “buy”, 2 “hold” and no “sell” or “strong sell”</li>
<li>The average consensus recommendation for the construction &amp; engineering peer group is “buy”</li>
<li>Wall Street’s median 12-month price target for MYR Group Inc is $253.00, about 9.3% below its February 24 closing price of $279.00</li>
<li>The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 27 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (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.)</li>
</ul>

MYR Group Q4 revenue rises 17.3%, beats estimates