Q4 2025 MYR Group Inc Earnings Call Transcript

Feb 26, 2026 / 03:00 PM GMT

Release Date Price: €230 (-0.86%)

Transcript 10-K8-K

Key Points

Positve

MYR Group Inc (MYRG) reported record annual revenues of $3.7 billion for 2025, with a strong fourth quarter revenue increase of 17% year-over-year.
The company achieved a record net income of $37 million in the fourth quarter, more than doubling from $16 million in the same period last year.
MYR Group Inc (MYRG) maintained a strong backlog of $2.8 billion, reflecting a 9.6% increase from the prior year, indicating a healthy bidding environment.
The company's gross margin improved to 11.4% in the fourth quarter, up from 10.4% in the previous year, driven by better productivity and favorable change orders.
MYR Group Inc (MYRG) demonstrated strong cash flow, with fourth quarter operating cash flow reaching $115 million, significantly higher than $21 million in the same period last year.

Negative

The company faced increased costs associated with inefficiencies on certain projects, which partially offset margin improvements.
Fourth quarter SG&A expenses rose by $8 million compared to the previous year, primarily due to higher employee incentive compensation costs.
The effective tax rate for the fourth quarter was 21.2%, a decrease from 40.9% last year, but the change was primarily due to adjustments in state tax rates and lower permanent difference items.
MYR Group Inc (MYRG) noted that weather conditions could impact their T&D segment, potentially affecting project timelines and execution.
The company highlighted that permitting delays could push project timelines, although they do not anticipate long-term delays.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MYRG.OQ - MYR Group Inc
Q4 2025 MYR Group Inc Earnings Call
Feb 26, 2026 / 03:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning everyone and welcome to the MYR Group 4th quarter 2025 earnings results conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press 11 on your telephone. You will hear an automated message advising that your hand is raised. Withdraw your question, please press 11 again.

Please be advised that today's conference is being recorded. I would now turn, like to turn the call over to Jennifer Harper, Vice President of Investor Relations and Treasurer, for introductory remarks.

--------------------------------------------------------------------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.