Overview

• MYR Group Q3 2025 revenue of $950.4 mln beats analyst expectations

• Record Q3 net income of $32.1 mln, reflecting improved operational efficiency

• Company's backlog rises to $2.66 bln, indicating continued demand for services

Outlook

• Company did not provide specific financial guidance for the future in the press release

Result Drivers

• T&D AND C&I GROWTH - Revenue increases in both T&D and C&I segments, with T&D up by $21.5 mln and C&I by $40.8 mln

• MARGIN IMPROVEMENTS - Gross margin increased due to better-than-anticipated productivity, favorable change orders, and job closeouts

• ELECTRIFICATION AND INFRASTRUCTURE DEMAND - Co cites accelerating electrification and infrastructure demand as growth drivers

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the construction & engineering peer group is "buy"

• Wall Street's median 12-month price target for MYR Group Inc is $217.50, about 0.4% below its October 28 closing price of $218.30

• The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nGNX7WJGRr

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)