MYR Group Inc. Announces Third-Quarter and First Nine-Months 2026 Results - Board Approves New $100 Million Share Repurchase Program
MYR Group reported record Q3 2026 results: revenue of $1.26 billion (up from $950.4 million a year ago), net income of $60.0 million or $3.82 per diluted share (vs. $32.1 million / $2.05), and EBITDA of $110.0 million vs. $62.7 million. Gross margin expanded to 13.6% from 11.8%, driven by better-than-anticipated productivity and favorable job close-outs, while backlog hit a record $3.68 billion, up 38.2% year-over-year.
Key figures
- Eps
- 3.82
- Revenue
- 1259032000
- Revenue Yoy
- 32.5%
- Backlog
- 3680000000
- Q3 ebitda
- 109988000
- Q3 net income
- 60005000
- Backlog yoy pct
- 38.2%
- Q3 gross margin
- 13.6%
- Q3 free cash flow
- 9155000
- Nine month revenue
- 3341139000
- Cash and equivalents
- 26010000
- Buyback authorization
- 100000000
- Nine month net income
- 156656000
- Borrowing availability
- 650500000
- Nine month diluted eps
- 9.97
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.