MYR Group is a specialty contractor serving the electrical infrastructure industry and 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, with a particular focus on construction, maintenance, and repair, to customers in the electric utility and the renewable energy industries. MYR Group also provides storm restoration services in response to hurricane, ice or other storm-related damage. In addition, it provides services such 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.

Type
Public
HQ
Rolling Meadows, US
Founded
1982
Size (employees)
4,600 (est)
MYR Group was founded in 1982 and is headquartered in Rolling Meadows, US
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Key People/Management at MYR Group

Rick Swartz

Rick Swartz

President and Chief Executive Officer
Gerald Engen

Gerald Engen

Senior Vice President, Chief Legal Officer and Secretary
Betty Johnson

Betty Johnson

Senior Vice President, Chief Financial Officer and Treasurer
Tod Cooper

Tod Cooper

Senior Vice President & Chief Operating Officer of T&D
Jeff Waneka

Jeff Waneka

Senior Vice President & Chief Operating Officer of C&I

MYR Group Office Locations

MYR Group has offices in Vancouver, Coquitlam, Nisku, Winnipeg and in 44 other locations
Rolling Meadows, US (HQ)
3 1701 Golf Rd
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MYR Group Financials and Metrics

MYR Group Financials

MYR Group's revenue was reported to be $1.40 b in FY, 2017 which is a 22.8% increase from the previous period.
USD

Revenue (FY, 2017)

1.4 b

Revenue growth (FY, 2016 - FY, 2017), %

22.8%

Gross profit (FY, 2017)

125 m

Gross profit margin (FY, 2017), %

8.9%

Net income (FY, 2017)

21.2 m

EBIT (FY, 2017)

29.6 m

Market capitalization (20-Apr-2018)

508.4 m

Cash (31-Dec-2017)

5.3 m

EV

583.1 m
MYR Group's current market capitalization is $508.4 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

902.7 m944 m1.1 b1.1 b1.4 b

Revenue growth, %

5%12%8%23%

Cost of goods sold

777.9 m811.6 m939.3 m1 b1.3 b

Gross profit

124.9 m132.4 m122.3 m134.7 m125 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

244.1 m276.5 m269.9 m253.6 m261.9 m283.3 m300.1 m356.2 m373.5 m

Cost of goods sold

214.8 m244.8 m241.2 m226.4 m230.5 m249.2 m274.4 m328.7 m338.6 m

Gross profit

29.4 m31.7 m28.6 m27.3 m31.4 m34.1 m25.7 m27.5 m34.9 m

Gross profit Margin, %

12%11%11%11%12%12%9%8%9%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

76.5 m77.6 m39.8 m23.8 m5.3 m

Accounts Receivable

173.5 m158.1 m187.2 m234.6 m283 m

Current Assets

323.9 m313.5 m303.4 m357.6 m379.7 m

PP&E

142.9 m148.7 m160.7 m154.9 m148.1 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

61.8 m46.9 m30.4 m26 m3.4 m584 k6.9 m10 m1.7 m

Accounts Receivable

156.9 m176.4 m193.1 m172.8 m161.9 m185.5 m222.5 m222.2 m274.2 m

Current Assets

314.4 m336.5 m335.2 m290 m254 m286 m330.7 m338.2 m393.4 m

PP&E

156 m165.9 m164.9 m153.8 m156.2 m153 m156.5 m155.6 m150.2 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

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

Depreciation and Amortization

28.9 m33.1 m37.5 m38.2 m38.1 m

Accounts Payable

(5.3 m)(17.3 m)6.7 m17.3 m8.1 m

Cash From Operating Activities

95.1 m55 m43 m54.5 m(9.2 m)
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

7.2 m15.2 m21.4 m2 m7.5 m13.6 m1.2 m2.4 m7.6 m

Depreciation and Amortization

83 k84 k84 k9.7 m19.2 m188 k188 k19.1 m28.9 m

Accounts Payable

5.2 m20.7 m17 m8 m5.2 m11 m(10.3 m)15.4 m14.8 m

Cash From Operating Activities

1.4 m9 m10.7 m14.4 m46.5 m40.5 m13.1 m19.2 m(21.8 m)
USDY, 2017

EV/EBIT

19.7 x

EV/CFO

-63.4 x

Revenue/Employee

305.1 k

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.1 x
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MYR Group Operating Metrics

MYR Group's Backlog was reported to be $679.1m in FY, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017

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

Maintenance Facilities

20 20 21 21
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MYR Group Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
MYR Transmission Services, Inc.
MYR Equipment, LLC
MYR Transmission Services Canada, Ltd.
E.S. Boulos Company
Sturgeon Electric California, LLC
Great Southwestern Construction, Inc.
Harlan Electric Company
MYR Real Estate Holdings, LLC
High Country Line Construction, Inc.
Western Pacific Enterprises Ltd.
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