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MYR Group Inc. - Company Profile

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MYR Group Inc. - Overview

Description
MYR is a public company headquartered in Colorado with an estimated 8,500 employees. In the US, the company has a notable market share in at least two industries: Transmission Line Construction, Electricians and Electricians. Their largest market share is in the Transmission Line Construction industry, where they account for an estimated 1.7% of total industry revenue and are considered a Rising Star because they display lower market share, but displaying stronger profit and revenue growth than some of their peers.
Company Details

Registered Name: MYR Group Inc.

Company Type: Operating

Exchange: Nasdaq

Headquarters: 12150 East 112th Avenue Henderson CO 80640

Employees: 8500

MYR Group Inc. - Operating Industries and Main Competitors

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MYR Group Inc. - Products and Services

  • Electricians in the US

    • Of the 6 core revenue-generating products and services in the Electricians in the US industry, MYR Group Inc. offers:
    • All other services
    • Electric power and systems installation and servicing
    • Electronic control system installation and servicing
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  • Transmission Line Construction in the US

    • Of the 4 core revenue-generating products and services in the Transmission Line Construction in the US industry, MYR Group Inc. offers:
    • Electric power transmission infrastructure construction and repair
    • Other construction services
error_outline To view MYR Group Inc.'s full products and services, see purchase options.

MYR Group Inc. - Analyst Insights

MYR Group Inc. recognized for its projects in 2022

On October 27, 2022, MYR Group Inc. (MYR Group) announced that its subsidiary, The L.E. Myers Co., was given the 2022 Project Excellence Award in recognition of its projects commissioned and completed in the year. The award helps signify the company's ability to produce quality projects that serve the value-added needs of its clients.

New Activity


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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MYR Group Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on MYR Group Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Electricians in the US, and Transmission Line Construction in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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MYR Group Inc. - Financial Statements & Ratios

pie_chartMYR Group Inc. Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Revenue2,498.32,247.42,071.21,531.21,403.31,142.5
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartMYR Group Inc. Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Cash and Equivalents82.122.712.47.55.323.8
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
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pie_chartMYR Group Inc. Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net Income85.058.836.231.321.221.4
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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