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Last $30.31 USD
Change Today +0.61 / 2.05%
Volume 125.8K
As of 8:10 PM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

myr group inc/delaware (MYRG) Key Developments

MYR Group, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

MYR Group, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported contract revenues of $250,979,000 against $254,581,000 a year ago. Income from operations was $22,470,000 against $15,786,000 a year ago. Income before provision for income taxes was $22,296,000 against $15,590,000 a year ago. Net income was $14,127,000 or $0.66 diluted per share against $10,022,000 or $0.46 diluted per share a year ago. Net cash flow from operating activities was $21,352,000 against $23,569,000 a year ago. Purchases of property and equipment were $3,053,000 against $11,185,000 a year ago. EBITDA was $31,090,000 or $1.47 diluted per share against $23,515,000 or $1.09 diluted per share a year ago. The decline in revenue was primarily due to lower revenues on several large transmission projects that were substantially complete or nearing completion, which were partially offset by higher distribution revenues. For the year, the company reported contract revenues of $943,967,000 against $902,729,000 a year ago. Income from operations was $58,404,000 against $55,617,000 a year ago. Income before provision for income taxes was $57,950,000 against $54,872,000 a year ago. Net income was $36,544,000 or $1.69 diluted per share against $34,759,000 or $1.61 diluted per share a year ago. Net cash flow from operating activities was $54,976,000 against $95,062,000 a year ago. Purchases of property and equipment were $39,045,000 against $42,725,000 a year ago. EBITDA was $91,989,000 or $4.29 diluted per share against $84,785,000 or $3.96 diluted per share a year ago. Book value per diluted share as on December 31, 2014 was $15.03 against $13.82 as at December 31, 2013. Tangible book value per diluted share as on December 31, 2014 was $12.40 against $11.17 as at December 31, 2013. Return on assets was 7.0% against 7.5% a year ago. Return on equity was 12.3% against 13.6% a year ago.

MYR Group, Inc. to Report Q4, 2014 Results on Mar 11, 2015

MYR Group, Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Mar 11, 2015

MYR Group, Inc., Q4 2014 Earnings Call, Mar 12, 2015

MYR Group, Inc., Q4 2014 Earnings Call, Mar 12, 2015

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, 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 17.6x
Price/Sales 0.6x
Price/Book 1.9x
Price/Cash Flow 16.7x
TEV/Sales 0.6x
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