MYR Group

OverviewSuggest Edit

MYR Group is a specialty contractor serving the electrical infrastructure, commercial, and industrial markets. The company provides a broad range of services on electric transmission and distribution networks and substation facilities, which include design, engineering, procurement, construction, upgrade, maintenance and repair services. It also offers storm restoration services in response to hurricane, ice or other storm-related damage, as well as the design, installation, maintenance, and repair of commercial and industrial wiring, installation of traffic networks, and the installation of bridge, roadway, and tunnel lighting.

TypePublic
Founded1891
HQRolling Meadows, IL, USMap
Websitemyrgroup.com
Employee Ratings3.4More
Overall CultureAMore
View Jobs

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)7,100(+30%)
Revenue (FY, 2019)$2.1 B(+36%)
Share Price (Feb 2021)$60
Cybersecurity ratingBMore

Key People/Management at MYR Group

Richard S. Swartz

Richard S. Swartz

President and Chief Executive Officer
Tod M. Cooper

Tod M. Cooper

Senior Vice President & Chief Operating Officer of Transmission & Distribution
Jeffrey J. Waneka

Jeffrey J. Waneka

Senior Vice President & Chief Operating Officer of Commercial & Industrial
Betty R. Johnson

Betty R. Johnson

Senior Vice President and Chief Financial Officer
William F. Fry

William F. Fry

Vice President, Chief Legal Officer, and Secretary
Kenneth M. Hartwick

Kenneth M. Hartwick

Chairman of the Board of Directors
Show more

MYR Group Office Locations

MYR Group has offices in Rolling Meadows, Thornton, Calgary, Coquitlam and in 1 other location
Rolling Meadows, IL, US (HQ)
1701 Golf Rd Suite 3-1012
Thornton, CO, US
12121 Grant St
Calgary, CA
145-3115 12 St NE
Coquitlam, CA
1321 Ketch Ct
Winnipeg, CA
882 Bradford St
Show all (5)

MYR Group Financials and Metrics

MYR Group Revenue

Embed Graph
View revenue for all periods
MYR Group's revenue was reported to be $2.07 b in FY, 2019
USD

Revenue (Q3, 2020)

607.9m

Gross profit (Q3, 2020)

76.5m

Gross profit margin (Q3, 2020), %

12.6%

Net income (Q3, 2020)

17.3m

EBIT (Q3, 2020)

24.9m

Market capitalization (5-Feb-2021)

1.0b

Closing stock price (5-Feb-2021)

60.0

Cash (30-Sept-2020)

18.9m

EV

1.1b
MYR Group's current market capitalization is $1 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

902.7m944.0m1.1b1.1b1.4b1.5b2.1b

Revenue growth, %

5%12%8%23%9%

Cost of goods sold

777.9m811.6m939.3m1.0b1.3b1.4b1.9b

Gross profit

124.9m132.4m122.3m134.7m125.0m167.1m214.2m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

244.1m276.5m269.9m253.6m261.9m283.3m300.1m356.2m373.5m345.6m339.7m399.5m468.1m448.8m583.2m518.5m513.1m607.9m

Cost of goods sold

214.8m244.8m241.2m226.4m230.5m249.2m274.4m328.7m338.6m309.9m301.0m354.3m425.2m405.6m524.0m456.8m451.7m531.4m

Gross profit

29.4m31.7m28.6m27.3m31.4m34.1m25.7m27.5m34.9m35.8m38.6m45.3m42.9m43.2m59.2m61.6m61.3m76.5m

Gross profit Margin, %

12%11%11%11%12%12%9%8%9%10%11%11%9%10%10%12%12%13%
show all
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

76.5m77.6m39.8m23.8m5.3m7.5m12.4m

Accounts Receivable

173.5m158.1m187.2m234.6m283.0m288.4m388.5m

Prepaid Expenses

8.8m

Current Assets

323.9m313.5m303.4m357.6m379.7m475.6m639.2m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

61.8m46.9m30.4m26.0m3.4m584.0k6.9m10.0m1.7m1.7m4.2m300.0k1.3m4.4m9.1m34.0m10.0m18.9m

Accounts Receivable

156.9m176.4m193.1m172.8m161.9m185.5m222.5m222.2m274.2m256.4m280.0m291.6m298.0m313.5m375.6m349.2m341.5m401.0m

Prepaid Expenses

8.4m10.7m7.4m

Current Assets

314.4m336.5m335.2m290.0m254.0m286.0m330.7m338.2m393.4m363.5m383.5m427.0m505.8m513.4m639.4m628.8m594.9m658.8m
show all
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

34.8m36.5m27.3m21.4m21.2m31.3m36.2m

Depreciation and Amortization

28.9m33.1m37.5m38.2m38.1m39.9m44.5m

Accounts Payable

(5.3m)(17.3m)6.7m17.3m8.1m20.0m22.5m

Cash From Operating Activities

95.1m55.0m43.0m54.5m(9.2m)84.8m64.9m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

7.2m15.2m21.4m2.0m7.5m13.6m1.2m2.4m7.6m5.6m12.5m20.4m6.6m13.0m23.4m9.9m23.3m40.6m

Depreciation and Amortization

83.0k84.0k84.0k9.7m19.2m188.0k188.0k19.1m28.9m9.3m18.6m28.2m10.5m21.2m33.0m11.9m23.8m35.0m

Accounts Payable

5.2m20.7m17.0m8.0m5.2m11.0m(10.3m)15.4m14.8m(3.8m)(9.8m)(13.8m)38.2m27.2m37.9m(18.1m)(38.3m)7.6m

Cash From Operating Activities

1.4m9.0m10.7m14.4m46.5m40.5m13.1m19.2m(21.8m)22.0m45.3m58.7m(8.2m)7.4m31.7m35.2m97.9m128.6m
show all
USDFY, 2013

Financial Leverage

1.8 x
Show all financial metrics

MYR Group Operating Metrics

MYR Group's Backlog was reported to be $1b in Q2, 2018.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018

Backlog

$433.64 m$398.40 m$410.70 m$425.10 m$450.93 m$434.80 m$475 m$620.60 m$688.83 m$660.90 m$632.50 m$701.70 m$679.14 m$958.51 m$1.01 b

Maintenance Facilities

20 20 21 21
Show all operating metrics

MYR Group Acquisitions / Subsidiaries

Company NameDateDeal Size
E.S. Boulos Company
Great Southwestern Construction, Inc.
GSW Integrated Services, LLC
Harlan Electric Company
High Country Line Construction, Inc.
MYR Equipment, LLC
MYR Group Construction Canada, Ltd.
MYR Real Estate Holdings Alaska, LLC
MYR Real Estate Holdings, LLC
MYR Transmission Services Canada, Ltd.
Show more

MYR Group Revenue Breakdown

Embed Graph

MYR Group revenue breakdown by business segment: 62.7% from Transmission and Distribution and 37.3% from Commercial and Industrial

MYR Group Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

Learn more about our premium products
SecurityScorecard logo

MYR Group Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

Learn more about our premium products
CSRHub logo

MYR Group Online and Social Media Presence

MYR Group's Trends

Embed Graph

MYR Group Company Culture

  • Overall Culture

    A

    81/100

  • CEO Rating

    A+

    85/100

  • Compensation

    D

    55/100

Learn more on Comparably

MYR Group News and Updates

December 08, 2020

MYR Group (MYRG): Strong Industry, Solid Earnings Estimate Revisions

One stock that might be an intriguing choice for investors right now is MYR Group Inc. MYRG. This is because this security in the Electric Construction space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
October 28, 2020

MYR Group Inc. Announces Third-Quarter and First Nine-Months 2020 Results

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, today announced its third-quarter and first nine-months 2020 financial result…
October 21, 2020

MYR Group Ranked on ENR Top 600 Specialty Contractor and Top 50 Electrical Firms Lists

Engineering News-Record (ENR) has ranked MYR Group Inc. #8, up from #10 in 2019, on the 2020 Top 600 Specialty Contractors List and #3 on the Top 50 Firms in Electrical, pulling ahead from our #4 position held for the previous six years.
September 14, 2020

MYR Group Inc. Awarded Construction Contract with LS Power Grid New York for the Marcy to New Scotland Project

ROLLING MEADOWS, Ill., Sept. 14, 2020 (GLOBE NEWSWIRE) -- MYR Group Inc. (MYR Group) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electrical infrastructure market in the United States and western Canada, announced it has executed a contract with LS Power Grid New …
July 15, 2019

MYR Group Acquires CSI Electrical Contractors, Inc.

ROLLING MEADOWS, Ill., July 15, 2019 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), announced that it has acquired substantially all the assets of CSI Electrical Contractors, Inc. (“CSI”). CSI is a leading full-service electrical contractor headquartered in Santa Fe Springs, Cali…
March 06, 2019

MYR Group Inc. Announces Fourth-Quarter and Full-Year 2018 Results

ROLLING MEADOWS, Ill., March 06, 2019 (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, today announced i…
Show more

MYR Group Blogs

March 03, 2021

MYR Group Inc. Announces Fourth-Quarter and Full Year 2020 Results

HENDERSON, Colo. , March 03, 2021 (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 , today announced its
February 25, 2021

MYR Group Inc. Announces Fourth-Quarter and Full-Year 2020 Earnings Release and Conference Call Schedule

PDF Version HENDERSON, Colo., Feb. 25, 2021 (GLOBE NEWSWIRE) — MYR Group Inc. (“MYR Group”) (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, announce…
January 08, 2021

MYR Group Receives World-Wide Recognition as One of Fortune’s 2020 Top 100 Fastest-Growing Companies!

Fortune’s Top 100 Fastest-Growing Companies list ranks the world’s best three-year performers in revenues, profits, and stock returns. Listed among businesses such as Netflix, Amazon, Lennar, and Facebook, we are proud to represent the electrical contracting industry as a top leader. By placing emph…
October 28, 2020

MYR Group Inc. Announces Third-Quarter and First Nine-Months 2020 Results

ROLLING MEADOWS, Ill. , Oct. 28, 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 , today announced
October 23, 2020

MYR Group Inc. Announces New $50 Million Share Repurchase Program

ROLLING MEADOWS, Ill. , Oct. 23, 2020 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR” or the “Company”) (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 ,
October 21, 2020

MYR Group Inc. Announces Third-Quarter 2020 Earnings Release and Conference Call Schedule

MYR Group Inc. Announces Third-Quarter 2020 Earnings Release and Conference Call Schedule ROLLING MEADOWS, Ill., Oct. 21, 2020 (GLOBE NEWSWIRE) — MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial an…
Show more

 MYR Group Frequently Asked Questions

  • When was MYR Group founded?

    MYR Group was founded in 1891.

  • Who are MYR Group key executives?

    MYR Group's key executives are Richard S. Swartz, Tod M. Cooper and Jeffrey J. Waneka.

  • How many employees does MYR Group have?

    MYR Group has 7,100 employees.

  • What is MYR Group revenue?

    Latest MYR Group annual revenue is $2.1 b.

  • What is MYR Group revenue per employee?

    Latest MYR Group revenue per employee is $291.7 k.

  • Who are MYR Group competitors?

    Competitors of MYR Group include TransGrid, Valard and Matrix Service Company.

  • Where is MYR Group headquarters?

    MYR Group headquarters is located at 1701 Golf Rd Suite 3-1012, Rolling Meadows.

  • Where are MYR Group offices?

    MYR Group has offices in Rolling Meadows, Thornton, Calgary, Coquitlam and in 1 other location.

  • How many offices does MYR Group have?

    MYR Group has 5 offices.