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Stock impact report

MYR Group Inc. Announces Fourth-Quarter and Full Year 2023 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
THORNTON, Colo., Feb. 28, 2024 (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 Canada, announced today its fourth-quarter and full year 2023 financial results. Fourth Quarter 2023 Highlights Record quarterly revenues of $1.00 billionStrong quarterly net income of $24.0 million, or $1.43 per diluted shareRecord quarterly EBITDA of $52.8 million Full Year 2023 Highlights Record full-year revenues of $3.64 billionRecord full-year net income of $91.0 million, or $5.40 per diluted shareRecord full-year EBITDA of $188.2 millionStrong backlog of $2.51 billion   Management CommentsRick Swartz, MYR’s President and CEO, said, “We finished 2023 with solid financial performance in the fourth quarter, and annual revenues of $3.64 billion, setting a record high for the ninth consecutive year. Fourth quarter 2023 net Show less Read more
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