MYR GROUP INC. — Form 8-K
Filed November 4, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
MYR Group delivered record Q3 2026 quarterly revenue of $1.26B and LTM revenue of $4.31B, with net income of $60.0M ($3.82/diluted share) and EBITDA of $110.0M. The company closed the acquisition of Valley Electric and Comet Electric on July 1, 2026 for combined annual revenues exceeding $400M (2024-2025), expanding C&I segment reach into Washington and California with 900+ employees. Total backlog reached record $3.68B ($1.29B T&D, $2.39B C&I); company maintains strong balance sheet with $650M liquidity and 0.63x debt-to-EBITDA leverage.
Why this rating
Moderate significance: $400M+ acquisition is ~8-9% of current revenue and represents meaningful M&A, but company remains well-capitalized. Strong organic growth (12.2% CAGR) and market tailwinds exceed acquisition impact.
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