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Stock impact report

MYR Group Inc. Announces First-Quarter 2020 Results

MYR Group, Inc. (MYRG) 
Last myr group, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.myrgroup.com/investor-relations
Company Research Source: GlobeNewswire
ROLLING MEADOWS, Ill., April 29, 2020 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and western Canada, announced today its first-quarter 2020 financial results. Highlights First quarter revenues of $518.5 millionFirst-quarter net income attributable to MYR of $9.9 million, or $0.59 per diluted shareFirst-quarter EBITDA of $27.4 millionRecord backlog of $1.54 billion Management CommentsRick Swartz, MYR’s President and CEO, said, “Our first-quarter 2020 financial results included $518.5 million of revenues, a 10.8 percent increase over the first quarter of 2019, and increases in gross profit, earnings per share, net income and EBITDA. Backlog in the first quarter was $1.54 billion, a slight increase over our record backlog in fourth quarter of 2019. We had a solid start in 2020 due to our strong market pos Show less Read more
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