MYR Group (MYRG) Tops Q1 EPS by 7c, Revenues Miss

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Go back to MYR Group (MYRG) Tops Q1 EPS by 7c, Revenues Miss

MYR Group Inc. Announces First-Quarter 2020 Results

April 29, 2020 4:11 PM EDT

ROLLING MEADOWS, Ill., April 29, 2020 (GLOBE NEWSWIRE) -- 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, announced today its first-quarter 2020 financial results.

Highlights

First quarter revenues of $518.5 millionFirst-quarter net income attributable to MYR of $9.9 million, or $0.59 per diluted shareFirst-quarter EBITDA of $27.4 millionRecord backlog of $1.54 billion

Management CommentsRick Swartz, MYRs President and CEO, said, Our first-quarter 2020... More