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 (49)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2020)7,200(+2%)
Job Openings49
Revenue (FY, 2020)$2.2 B(+9%)
Share Price (Dec 2021)$110.5(+3%)
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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
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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 #510
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

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View revenue for all periods
MYR Group's revenue was reported to be $2.25 b in FY, 2020 which is a 8.5% increase from the previous period.
USD

Revenue (Q1, 2021)

592.5m

Gross profit (Q1, 2021)

77.0m

Gross profit margin (Q1, 2021), %

13%

Net income (Q1, 2021)

19.9m

EBIT (Q1, 2021)

27.4m

Market capitalization (31-Dec-2021)

1.8b

Closing stock price (31-Dec-2021)

110.6

Cash (31-Mar-2021)

73.1m

EV

1.8b
MYR Group's current market capitalization is $1.8 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

1.5b2.1b2.2b

Revenue growth, %

9%35%9%

Cost of goods sold

1.4b1.9b2.0b

Gross profit

167.1m214.2m275.9m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

345.6m339.7m399.5m468.1m448.8m583.2m518.5m513.1m607.9m592.5m

Cost of goods sold

309.9m301.0m354.3m425.2m405.6m524.0m456.8m451.7m531.4m515.5m

Gross profit

35.8m38.6m45.3m42.9m43.2m59.2m61.6m61.3m76.5m77.0m

Gross profit Margin, %

10%11%11%9%10%10%12%12%13%13%
show all
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

7.5m12.4m22.7m

Accounts Receivable

288.4m388.5m385.9m

Current Assets

475.6m639.2m636.7m

PP&E

161.9m185.3m185.1m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

1.7m4.2m300.0k1.3m4.4m9.1m34.0m10.0m18.9m73.1m

Accounts Receivable

256.4m280.0m291.6m298.0m313.5m375.6m349.2m341.5m401.0m373.5m

Current Assets

363.5m383.5m427.0m505.8m513.4m639.4m628.8m594.9m658.8m665.4m

PP&E

151.6m155.6m161.9m162.6m169.0m178.4m184.5m181.7m185.9m
show all
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

31.3m36.2m58.8m

Depreciation and Amortization

39.9m44.5m46.5m

Accounts Payable

20.0m22.5m(43.1m)

Cash From Operating Activities

84.8m64.9m175.2m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

5.6m12.5m20.4m6.6m13.0m23.4m9.9m23.3m40.6m19.9m

Depreciation and Amortization

9.4m18.8m29.1m10.5m21.2m33.0m11.9m23.8m35.0m11.9m

Accounts Payable

(3.8m)(9.8m)(13.8m)38.2m27.2m37.9m(18.1m)(38.3m)7.6m29.2m

Cash From Operating Activities

22.0m45.3m58.7m(8.2m)7.4m31.7m35.2m97.9m128.6m59.4m
show all
USDQ1, 2018

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

2 x
Show all financial metrics

MYR Group Operating Metrics

MYR Group's Backlog was reported to be $1.6b in FY, 2020.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Backlog

$433.64 m$398.4 m$410.7 m$425.1 m$450.93 m$434.8 m$475 m$620.6 m$688.83 m$660.9 m$632.5 m$701.7 m$679.14 m$958.51 m$1.01 b$1.1 b$1.15 b$1.06 b$1.06 b$1.27 b$1.5 b$1.43 b$1.45 b$1.6 b$1.65 b

Remaining Performance Obligations

$1.53 b
Show all operating metrics

MYR Group Acquisitions / Subsidiaries

Company NameDateDeal Size
CSI Electrical Contractors, Inc.July 15, 2019$79.7 m
Huen Electric, Inc.July 02, 2018$47.1 m
Western Pacific Enterprises Ltd.October 28, 2016$16.1 m
High Country Line Construction, Inc.November 24, 2015
E.S. Boulos CompanyApril 13, 2015$11.4 m
Great Southwestern Construction, Inc.
GSW Integrated Services, LLC
Harlan Electric Company
MYR Energy Services, Inc.
MYR Equipment, LLC
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MYR Group Revenue Breakdown

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MYR Group revenue breakdown by business segment: 51.4% from Transmission and Distribution and 48.6% from Commercial and Industrial

MYR Group Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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MYR Group Online and Social Media Presence

MYR Group's Trends

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MYR Group Company Culture

  • Overall Culture

    A

    75/100

  • CEO Rating

    A+

    80/100

  • Compensation

    C+

    66/100

Learn more on Comparably

MYR Group News and Updates

March 03, 2021

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

MYR Group announced its fourth-quarter and full-year 2020 financial results
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…
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MYR Group Blogs

January 04, 2022

MYR Group Acquires Powerline Plus Companies

PDF Version HENDERSON, Colo., Jan. 04, 2022 (GLOBE NEWSWIRE) — MYR Group Inc. (“MYR” or “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 Canada, announc…
December 02, 2021

Virtual Reality Enhances Pre-Construction Decisions on Animal Shelter Project

Virtual reality (VR) and Building Information Modeling (BIM) enabled MYR Group subsidiary, Sturgeon Electric, to make pre-construction decisions in real time for the Riverdale Animal Shelter Project. The shelter was Sturgeon Electric’s first project utilizing VR to tour the various spaces and visual…
November 17, 2021

MYR Group Inc. to Attend Credit Suisse 9th Annual Industrials Conference

MYR Group Inc. to Attend Credit Suisse 9th Annual Industrials Conference Content Import Wed, 11/17/2021 - 16:00 MYR Group Inc. to Attend Credit Suisse 9th Annual Industrials Conference Nov 17, 2021 This release is a backfill from a News Wire Gen…
October 29, 2021

MYR Group Inc. to Attend Baird 2021 Global Industrial Virtual Investor Conference

HENDERSON, Colo. , Oct. 29, 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 , announced it
October 27, 2021

MYR Group Inc. Announces Third-Quarter and First Nine-Months 2021 Results

MYR Group Inc. Announces Third-Quarter and First Nine-Months 2021 Results Content Import Wed, 10/27/2021 - 16:18 MYR Group Inc. Announces Third-Quarter and First Nine-Months 2021 Results Oct 27, 2021 This release is a backfill from a News Wire E…
October 26, 2021

CVOW Propelling Toward a Clean Energy Future

A little more than a year after The L.E. Myers Co. (L.E. Myers) crews completed work on the Coastal Virginia Offshore Wind (CVOW) project, the landmark pilot program is helping usher in a new era of energy development for our client, Dominion Energy, the Commonwealth of Virginia, and the U.S. As the…
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 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 7,200 employees.

  • What is MYR Group revenue?

    Latest MYR Group annual revenue is $2.2 b.

  • What is MYR Group revenue per employee?

    Latest MYR Group revenue per employee is $312.1 k.

  • Who are MYR Group competitors?

    Competitors of MYR Group include Matrix Service Company, MasTec and Quanta Services.

  • 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.