MYR Group Inc. Announces Third-Quarter and First Nine-Months 2025 Financial Results

MYR Group Inc. reported its financial results for the third quarter and first nine months of 2025. The company achieved quarterly revenues of $950.4 million, a record quarterly net income of $32.1 million, and a record quarterly EBITDA of $62.7 million. The backlog as of September 30, 2025, stood at $2.66 billion. The Transmission and Distribution (T&D) segment reported revenues of $503.4 million, while the Commercial and Industrial (C&I) segment reported revenues of $447.0 million. Consolidated gross profit increased to $111.9 million, with a gross margin of 11.8%. The company also reported a net income of $81.9 million for the first nine months of 2025. MYR Group highlighted strong long-term growth opportunities driven by electrification, project demand, and infrastructure investment.