MYR Group
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MYR Group

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    • Energy & UtilitiesManufacturing & Industrialcontractorelectricityenergy infrastructureengineeringlighting

    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.

    Revenue(FY, 2017)
    $1.4 B
    Market capitalization(2018-09-20)
    $537.7 M
    Backlog(Q2, 2018)
    $1 B
    TypePublic
    HQRolling Meadows, US
    Founded1891
    Size (employees)5,275 (est)+15%
    Websitemyrgroup.com
    MYR Group was founded in 1891 and is headquartered in Rolling Meadows, US
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    Key People/Management at MYR Group

    Rick S. Swartz

    Rick S. Swartz

    President and Chief Executive Officer
    Jeff Waneka

    Jeff Waneka

    Senior Vice President & Chief Operating Officer of Commercial & Industrial
    Gerald B. Engen

    Gerald B. Engen

    Senior Vice President, Chief Legal Officer, and Secretary
    Betty R. Johnson

    Betty R. Johnson

    Senior Vice President, Chief Financial Officer, and Treasurer
    Tod Cooper

    Tod Cooper

    Senior Vice President & Chief Operating Officer of Transmission & Distribution
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    MYR Group Office Locations

    MYR Group has offices in Rolling Meadows, Decatur, Indianapolis, Rural Hall and in 44 other locations
    Rolling Meadows, US (HQ)
    1701 Golf Rd Suite 3-1012
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    MYR Group Financials and Metrics

    MYR Group Revenue

    Embed Graph
    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 (Q2, 2018)

    		339.7 m

    Gross profit (Q2, 2018)

    		38.6 m

    Gross profit margin (Q2, 2018), %

    		11.4%

    Net income (Q2, 2018)

    		6.8 m

    EBIT (Q2, 2018)

    		10.4 m

    Market capitalization (20-Sep-2018)

    		537.7 m

    Closing stock price (20-Sep-2018)

    		32.5

    Cash (30-Jun-2018)

    		4.2 m

    EV

    		592.4 m
    MYR Group's current market capitalization is $537.7 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, 2017Q1, 2018Q2, 2018

    Revenue

    		244.1 m276.5 m269.9 m253.6 m261.9 m283.3 m300.1 m356.2 m373.5 m345.6 m339.7 m

    Cost of goods sold

    		214.8 m244.8 m241.2 m226.4 m230.5 m249.2 m274.4 m328.7 m338.6 m309.9 m301 m

    Gross profit

    		29.4 m31.7 m28.6 m27.3 m31.4 m34.1 m25.7 m27.5 m34.9 m35.8 m38.6 m

    Gross profit Margin, %

    		12%11%11%11%12%12%9%8%9%10%11%
    show all
    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, 2017Q1, 2018Q2, 2018

    Cash

    		61.8 m46.9 m30.4 m26 m3.4 m584 k6.9 m10 m1.7 m1.7 m4.2 m

    Accounts Receivable

    		156.9 m176.4 m193.1 m172.8 m161.9 m185.5 m222.5 m222.2 m274.2 m256.4 m280 m

    Current Assets

    		314.4 m336.5 m335.2 m290 m254 m286 m330.7 m338.2 m393.4 m363.5 m383.5 m

    PP&E

    		156 m165.9 m164.9 m153.8 m156.2 m153 m156.5 m155.6 m150.2 m151.6 m155.6 m
    show all
    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, 2017Q1, 2018Q2, 2018

    Net Income

    		7.2 m15.2 m21.4 m2 m7.5 m13.6 m1.2 m2.4 m7.6 m5.6 m12.5 m

    Depreciation and Amortization

    		83 k84 k84 k9.7 m19.2 m188 k188 k19.1 m28.9 m9.3 m18.6 m

    Accounts Payable

    		5.2 m20.7 m17 m8 m5.2 m11 m(10.3 m)15.4 m14.8 m(3.8 m)(9.8 m)

    Cash From Operating Activities

    		1.4 m9 m10.7 m14.4 m46.5 m40.5 m13.1 m19.2 m(21.8 m)22 m45.3 m
    show all
    USDY, 2018

    EV/EBIT

    		57.2 x

    EV/CFO

    		13.1 x

    Debt/Equity

    		0.2 x

    Debt/Assets

    		0.1 x

    Financial Leverage

    		2 x
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    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
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    MYR Group Acquisitions / Subsidiaries

    Acquired CompanyDateDeal 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.
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    MYR Group Revenue Breakdown

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

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    Competitors

    Johnson Controls
    Automotive & Transportation - Public
    Etagen
    Energy & Utilities - Private
    EMCOR Group
    Energy & Utilities - Public
    Quanta Services
    Energy & Utilities - Public
    Integrated Electrical Services
    Energy & Utilities - Public
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    MYR Group Online and Social Media Presence

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    MYR Group News and Updates

    July 30, 2018

    MYR Group Inc. Announces Appointment of New Board Member

    ROLLING MEADOWS, Ill., July 30, 2018 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), announced today the appointment of Jennifer E. Lowry to the company’s board of directors (the “Board”), effective July 27, 2018. The Board determined that Ms. Lowry will be a Class I director with…
    July 25, 2018

    MYR Group Inc. Announces Second-Quarter and First-Half 2018 Earnings Release and Conference Call Schedule

    ROLLING MEADOWS, Ill., July 25, 2018 (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, today announc…
    May 03, 2018

    MYR Group's (MYRG) CEO Richard Swartz on Q1 2018 Results - Earnings Call Transcript

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    MYR Group Company Life and Culture

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