MYRG MYR Group (MYRG) Q4 FY25 earnings call
MYR Group concluded FY25 with record annual revenues and robust Q4 performance, driven by healthy bidding activity and sustained investment in electrification infrastructure. The company maintains a strong backlog and significant cash flow, positioning it favorably for future growth, though project inefficiencies and potential shifts in billing profiles are noted. Management remains optimistic about large transmission and data center opportunities, anticipating a decade of growth.
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MYRG operating KPIs by quarter
| KPI | This call Dec 2025 Q4 FY25 | 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.