MYR Group Reports Record Q1 2026 Results with Doubled Net Income and EPS, Strong Revenue Growth
MYRG has more than doubled off its 52-week low of $117.182.
Summary
MYR Group announced record first-quarter 2026 financial results, with net income and diluted EPS more than doubling year-over-year, driven by strong revenue growth and improved gross margins.
Key Events · Earnings and Guidance · MYRG
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Record Q1 2026 Financial Performance
Net income more than doubled to $46.8 million, and diluted EPS increased by 106.2% to $2.99, compared to Q1 2025.
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Strong Revenue Growth
Contract revenues increased by 20.0% to $1.00 billion for the three months ended March 31, 2026.
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Significant Margin Expansion
Gross margin improved to 13.4% in Q1 2026 from 11.6% in Q1 2025, driven by higher contractual margins and favorable project estimate changes.
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Healthy Backlog
Backlog increased to $2.84 billion as of March 31, 2026, up from $2.82 billion at December 31, 2025, providing a solid revenue pipeline.
Analysis · MYRG · Real Estate & Construction
MYR Group delivered exceptional first-quarter results, significantly exceeding prior year performance across key financial metrics. The substantial growth in revenue, gross profit, net income, and diluted EPS demonstrates strong operational execution and favorable market conditions. The improved gross margin indicates enhanced profitability, while a healthy backlog provides a solid foundation for future revenue. The company maintains robust liquidity, positioning it well for continued organic growth and strategic opportunities. The stock is trading near its 52-week high, and these results reinforce investor confidence in its performance and outlook.
How filings like this one have moved
In the 30 days to Aug 25, 2026, 37.4% of the 3413 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MYRG was trading at $337.76 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $5.2B. The 52-week trading range was $117.18 to $349.15. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.