MYRG MYR Group (MYRG) Q1 FY26 earnings call
MYR Group delivered a record-setting first quarter, driven by robust demand for electrical infrastructure and disciplined project execution across both T&D and C&I segments. The company saw significant revenue and profit growth, alongside record backlog, supported by favorable contract terms and increased productivity. Management is raising full-year revenue growth and segment operating margin targets, while actively pursuing strategic acquisitions to complement organic expansion.
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MYRG operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Backlog | $2.8BA steady backlog of $2.8 billion at the end of 2025 reflects a healthy bidding environment and the continued investment in infrastructure to meet the growing electrification needs across the US and Canada.Source: earnings call transcript | $2.84BTotal backlog as of March 31, 2026, was a record $2.84 billion, 8% higher than a year ago.Source: earnings call transcript | $3.16BTotal backlog as of June 30, 2026, was a record $3.16 billion, 20% higher than a year ago.Source: earnings call transcript | +11.3% |
| Backlog T&D | $1BTotal backlog as of December 31, 2025, consisted of $1.0 billion for our T&D segment and $1.8 billion for our C&I segment.Source: earnings call transcript | $981MTotal backlog as of March 31, 2026, consisted of $981 million for our T&D segment and $1.86 billion for our C&I segment.Source: earnings call transcript | $1.27BTotal backlog as of June 30, 2026, consisted of $1.27 billion for our T&D segment and $1.89 billion for our C&I segment.Source: earnings call transcript | +29.5% |
| Backlog C&I | $1.8BTotal backlog as of December 31, 2025, consisted of $1.0 billion for our T&D segment and $1.8 billion for our C&I segment.Source: earnings call transcript | $1.86BTotal backlog as of March 31, 2026, consisted of $981 million for our T&D segment and $1.86 billion for our C&I segment.Source: earnings call transcript | $1.89BTotal backlog as of June 30, 2026, consisted of $1.27 billion for our T&D segment and $1.89 billion for our C&I segment.Source: earnings call transcript | +1.6% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.