Last $26.59 USD
Change Today +0.97 / 3.79%
Volume 82.2K
MYRG On Other Exchanges
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As of 8:10 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

myr group inc/delaware (MYRG) Snapshot

Open
$25.62
Previous Close
$25.62
Day High
$26.64
Day Low
$25.50
52 Week High
11/28/14 - $28.33
52 Week Low
02/18/14 - $22.19
Market Cap
552.5M
Average Volume 10 Days
107.6K
EPS TTM
$1.49
Shares Outstanding
20.8M
EX-Date
--
P/E TM
17.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for MYR GROUP INC/DELAWARE (MYRG)

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myr group inc/delaware (MYRG) Details

MYR Group Inc., together with its subsidiaries, provides electrical construction services in the United States. It operates though two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers various services on electric transmission and distribution networks and substation facilities, such as design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility and the renewable energy industries. This segment’s services comprise the construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems; and storm restoration services in response to hurricane, ice, or other storm related damages. This segment serves investor-owned utilities, municipal utilities, cooperatives, private developers, nationally-owned utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides services, including the design, installation, maintenance, and repair of commercial and industrial wiring; and installation of traffic networks, bridge, roadway, and tunnel lighting. This segment offers its services for airports, hospitals, data centers, hotels, stadiums, convention centers, manufacturing plants, processing facilities, waste-water treatment facilities, mining facilities, and transportation control and management systems. This segment serves general contractors, commercial and industrial facility owners, local governments, and developers. The company was founded in 1891 and is headquartered in Rolling Meadows, Illinois.

3,500 Employees
Last Reported Date: 03/5/14
Founded in 1891

myr group inc/delaware (MYRG) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $592.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $315.8K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $361.0K
Senior Vice President
Total Annual Compensation: $343.5K
Chief Legal Officer, Senior Vice President an...
Total Annual Compensation: $330.8K
Compensation as of Fiscal Year 2013.

myr group inc/delaware (MYRG) Key Developments

MYR Group, Inc. Announces Executive Changes

On November 4, 2014, Mr. Gregory T. Wolf submitted his resignation from MYR Group Inc. and from his position as the company’s Vice President and Chief Accounting Officer to pursue other professional opportunities. Mr. Wolf served as the company’s principal accounting officer. In connection with Mr. Wolf’s resignation, effective November 4, 2014, the Board of Directors of the company appointed Mr. Paul J. Evans to the position of Principal Accounting Officer. In addition, Mr. Evans will continue to serve as the company’s Vice President, Chief Financial Officer and Treasurer.

MYR Group Mulls Acquisitions

MYR Group, Inc. (NasdaqGS:MYRG) is seeking acquisitions. Paul Evans, Vice President and Chief Financial Officer of MYR Group said, "With our strong balance sheet, we believe we are well-capitalized for sustained organic growth and as well as possible acquisitions."

MYR Group, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capital Expenditure Guidance for the Year 2014 and 2015

MYR Group, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported contract revenues of USD 248,473,000 against USD 232,890,000 a year ago. The increase was primarily due to significantly higher revenues from C&I projects. Income from operations was USD 13,407,000 against USD 13,079,000 a year ago. Income before provision for income taxes was USD 13,287,000 against USD 12,906,000 a year ago. Net income was USD 8,404,000 against USD 8,315,000 a year ago. Diluted income per share was USD 0.39 against USD 0.38 a year ago. EBITDA was USD 21,940,000 against USD 20,423,000 a year ago. EBITDA per diluted share was USD 1.02 against USD 0.95 a year ago. Free cash flow was USD 18,569,000 against USD 23,901,000 a year ago. For the nine months, the company reported contract revenues of USD 692,988,000 against USD 648,148,000 a year ago. Income from operations was USD 35,934,000 against USD 39,831,000 a year ago. Income before provision for income taxes was USD 35,654,000 against USD 39,282,000 a year ago. Net income was USD 22,417,000 against USD 24,737,000 a year ago. Diluted income per share was USD 1.03 against USD 1.14 a year ago. Net cash flows provided by operating activities were USD 33,624,000 against USD 71,493,000 a year ago. Purchases of property and equipment were USD 35,992,000 against USD 31,540,000 a year ago. Book value per diluted share was USD 14.47 against USD 13.25 a year ago. The company expects its capital spending in 2014 will be similar to its 2013 capital spending levels. The company expects its 2015 capital expenditures will be similar to its 2014 and 2013 capital spending levels.

 

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Industry Analysis

MYRG

Industry Average

Valuation MYRG Industry Range
Price/Earnings 17.2x
Price/Sales 0.6x
Price/Book 1.7x
Price/Cash Flow 16.2x
TEV/Sales 0.5x
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