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Stock impact report

MYR Group Inc (MYRG) Posts Record Revenues and Net Income for Full Year 2023 [Yahoo! Finance]

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: Yahoo! Finance
Net Income : Full-year net income reached $91.0 million, or $5.40 per diluted share, up from $83.4 million, or $4.91 per diluted share in 2022. EBITDA : The company achieved a record full-year EBITDA of $188.2 million. Backlog : MYR Group Inc ( NASDAQ:MYRG ) ended the year with a strong backlog of $2.51 billion, indicating a healthy bidding environment. Gross Margin : Gross margin decreased to 10.0% for the full year of 2023 from 11.4% for the full year of 2022, primarily due to labor and project inefficiencies and rising costs. Warning! GuruFocus has detected 7 Warning Signs with CRNX. On February 28, 2024, MYR Group Inc ( NASDAQ:MYRG ), a leading specialty electrical construction service provider in the United States and Canada, announced its fourth-quarter and full year 2023 financial results through its 8-K filing . The company operates through two segments: Transmission & Distribution (T&D) and Commercial & Industrial (C&I), offering a range of services including desig Show less Read more
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