MYR Group news

Zacks Rank #2 (Buy) rating, record Q2 2026 revenues of $1.08 billion (20% YoY growth), strong C&I segment growth (42% YoY), substantial $3.16 billion backlog (20% YoY increase), healthy bidding activity, and strategic acquisitions (Valley Electric and Comet Electric) expanding capabilities. However, EPS estimates held steady over past 30 days.

Record backlog of $3.16B with consistent quarter-over-quarter growth (19.6% YoY), strong segment performance across T&D ($1.27B) and C&I ($1.89B), strategic acquisitions to expand capabilities, Zacks Rank #1 Strong Buy rating, and 54.6% stock gain over past year demonstrate strong growth momentum and positive market outlook.

Record quarterly revenues and backlog, 88% earnings growth, expanding margins, upward earnings estimate revisions, attractive valuation relative to peers, strong ROE of 24.17%, solid balance sheet, and multiple long-term growth catalysts from infrastructure spending and electrification trends support positive outlook.

Record Q2 revenues of $1.08 billion (+20.2% YoY), record backlog of $3.16 billion providing strong revenue visibility, strategic acquisitions expanding capabilities, Zacks Rank #1 Strong Buy rating, and favorable end-market fundamentals driven by electrification and AI demand support positive outlook.

The acquisition of two established, high-quality electrical contractors with combined revenues exceeding $400 million annually is expected to strengthen MYR Group's market position, expand geographic reach, and enhance service offerings in the Commercial & Industrial segment. The deal demonstrates growth through strategic acquisition and operational expansion.

Strong Q1 performance with 20% revenue growth and 106% EPS growth. Record backlog of $2.84B provides long-term visibility. Positioned well for multi-year infrastructure buildout in data centers, renewable energy, and EV charging. Expanding margins to 13.4% and pursuing strategic acquisitions to scale operations.