MYR GROUP INC. — Form 8-K
Filed July 29, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
MYR Group reported Q2 2026 revenues of $1.08 billion (up $181.4M YoY), net income of $49.9M ($3.17 diluted EPS), and record backlog of $3.16 billion (up $518.4M from June 2025). Gross margin improved to 13.2% from 11.5%, driven by better-than-anticipated project productivity and favorable job closeouts. The company completed acquisitions of Valley Electric and Comet Electric on July 1, 2026, expanding C&I capabilities; long-term debt decreased to $9.4M from $59M at year-end 2025.
Why this rating
Strong organic growth (20% revenue increase) and margin expansion material for $2.4B company; backlog growth supports future revenue; debt reduction improves balance sheet. Acquisitions add scale but details limited. Results solid but not transformational.
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