Trade MYR Group Inc - MYRG CFD

MYR Group Company profile

About MYR Group Inc

MYR Group Inc. is a holding company. The Company, through its subsidiaries, provides specialty electrical construction services, which serves the electric utility infrastructure, commercial and industrial construction markets. The Company performs operations through two electrical contracting service segments: Transmission and Distribution (T&D) and Commercial and Industrial (C&I). Its T&D segment provides a range of services on electric transmission and distribution networks and substation facilities, which includes design, engineering, procurement, construction, upgrade, maintenance and repair services. Its C&I segment provides a range of services including design, installation, maintenance and repair of commercial and industrial wiring, the installation of traffic networks and the installation of bridge, roadway and tunnel lighting. The Company’s T&D segment serve the electric utility industry as a prime contractor.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, MYR Group Inc revenues increased 11% to $2.5B. Net income increased 45% to $85M. Revenues reflect T&D segment increase of 13% to $1.3B, C&I segment increase of 9% to $1.2B. Net income benefited from T&D segment income increase of 21% to $132.7M, C&I segment income increase of 46% to $54.4M. Basic Earnings per Share excluding Extraordinary Items increased from $3.52 to $5.05.

Equity composition

Common stock $0.01 par, 03/11, 100M auth., 20,130,389 issd. less 3,310 shs. in Traes.@ Cost 80K. Insiders own 1.60%. IPO: 8/13/208, 19.7M shares @ $13 pershare. 13/2007, stock split of approax. 164.47 common sharesto 1 common share. 09/08, Exchange changed from OTC Bulletin Board to NASDAQ.