MYR Group (MYR Group) Retained Earnings : $493 Mil (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is MYR Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. MYR Group's retained earnings for the quarter that ended in Dec. 2023 was $493 Mil.

MYR Group's quarterly retained earnings increased from Jun. 2023 ($450 Mil) to Sep. 2023 ($471 Mil) and increased from Sep. 2023 ($471 Mil) to Dec. 2023 ($493 Mil).

MYR Group's annual retained earnings increased from Dec. 2021 ($355 Mil) to Dec. 2022 ($405 Mil) and increased from Dec. 2022 ($405 Mil) to Dec. 2023 ($493 Mil).

MYR Group Retained Earnings Historical Data

The historical data trend for MYR Group's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MYR Group Retained Earnings Chart

MYR Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

Get a 7-Day Free Trial

212.22

270.48

355.01

404.91

492.53

MYR Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															404.91	427.33	449.60	471.11	492.53

MYR Group Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

MYR Group (NAS:MYRG) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

MYR Group (MYR Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MYR Group Inc (NAS:MYRG) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

MYP:Germany

Address

12121 Grant Street, Suite 610, Thornton, CO, USA, 80241

Website

https://www.myrgroup.com

MYR Group Inc is a U.S.-based holding company that provides specialty electrical construction services through its subsidiaries. The company operates through two segments. The transmission and distribution segment provides designing, engineering, procurement, construction, upgrade, maintenance, and repair services on transmission and distribution network and substation facilities. The commercial and industrial segment provides services such as the design, installation, maintenance, and repair of commercial and industrial wiring, installation of traffic networks, and the installation of bridges. MYR Group generates the majority of its sales from the United States and Canada.

Executives

Swartz Richard S. Jr.	officer: Group VP	MYR GROUP INC., 1701 GOLF ROAD SUITE 3-1012, ROLLING MEADOWS IL 60008-4210
William Fry	officer: VP, CLO and Secretary	10370 RICHMOND AVE, SUITE 600, HOUSTON TX 77042
Don A. Egan	officer: SVP and COO C&I	12121 GRANT STREET, SUITE 610, THORNTON CO 80241
Maurice E. Moore	director	1100 LATHROP AVENUE, RIVER FOREST IL 60305
Betty R. Johnson	director	1115 CENTRAL AVE #239, NAPLES FL 34103
Jennifer Elaine Lowry	director	2 HOLLINS AVE, BALTIMORE MD 21210
Jeffrey J. Waneka	officer: SVP and COO C&I	1701 GOLF ROAD, SUITE 3-1012, ROLLING MEADOWS IL 60008
Tod M. Cooper	officer: Senior Vice President	1701 GOLF RD, SUITE 3-1012, ROLLING MEADOWS IL 60008
Bradley Thede Favreau	director	438 CLEARMONT AVE, APT C, BROOKLYN NY 11238
Kelly Michelle Huntington	officer: Senior VP	7575 NORTH PENNSYLVANIA STREET, INDIANAPOLIS IN 46240
Ajoy Hari Karna	director	2501 M ST NW, UNIT 508, WASHINGTON DC 20037
William A Koertner	director, officer: Chairman, President and CEO	MYR GROUP INC., 1701 GOLF ROAD SUITE 3-1012, ROLLING MEADOWS IL 60008-4210
Shirin O'connor	director	3054 CREEKSIDE DRIVE, SENECA SC 29672
William Patterson	director	60 ARDMORE ROAD, HO-HO-KUS NJ 07423
Gary Ronald Johnson	director	6599 PINNACLE DRIVE, EDEN PRAIRIE MN 55346