MYR Group Q2 FY26 net income more than doubled to $49.9 million; revenue rises 20.1% to $1.08 billion

Reuters2026/07/29 20:27

By:Reuters

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MYR Group posted Q2 2026 net income of $49.9 million, more than doubled from a year earlier; diluted EPS rose to $3.17.
Revenue climbed 20.15% from Q2 2025 to a record $1.08 billion, driven by Commercial and Industrial at $557.7 million.
Gross margin widened 1.7 percentage points to 13.2%, on better-than-anticipated productivity, favorable job closeouts, and scope increases on certain projects.
Backlog rose 19.6% from June 30, 2025 to a record $3.16 billion, with $1.89 billion in C&I and $1.27 billion in T&D.
Management said the Valley Electric and Comet Electric acquisitions closed July 1, expanding C&I capabilities and geographic footprint.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MYR Group Inc. published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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MYR Group Q2 FY26 net income more than doubled to $49.9 million; revenue rises 20.1% to $1.08 billion

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