FINANCIAL SNAPSHOT

" Our strong third-quarter 2021 financial results included record high quarterly net income, EBITDA, and EPS. We finished the third quarter with net income of $23.2 million, a 34.0 percent increase over our third quarter 2020 net income, along with increases in revenues, gross profit and EBITDA as compared to the same period of 2020. "

Rick Swartz

President and CEO

FINANCIAL OVERVIEW AS

OF SEPTEMBER 30, 2021

LTM REVENUE

LTM NET INC.

LTM EPS

LTM EBITDA*

$2.46B

$82.5M

$4.83

$160.1M

11.3% LTM YoY

54.5% LTM YoY

per diluted share

26.5% LTM YoY

52.4% LTM YoY

*See reconciliation of non-GAAP measures in our recently filed press release and investor presentation.

Q3

HIGHLIGHTS

Third quarter revenues of

Third quarter net income

Backlog remains strong

$610.2 million

of $23.2 million,

at $1.63 billion

$2.3 (0.4%) Q3 YoY

or $1.35 per diluted share

4.3% QoQ

$0.33 (32%) Q3 YoY

BUSINESS

SEGMENTS

TRANSMISSION & DISTRIBUTIONCOMMERCIAL & INDUSTRIAL

$306.5M

$1.27B

$303.6M

$1.19B

Third Quarter

Q3 LTM

Third Quarter

Q3 LTM

2021 Revenues

2021

2021 Revenues

2021

COMPANY

PROFILE

MYR GROUP CONSISTS OF THE FOLLOWING SUBSIDIARIES:

  • The L.E. Myers Co.
  • Sturgeon Electric Company, Inc.
  • Sturgeon Electric California, LLC
  • Harlan Electric Company
  • MYR Energy Services, Inc.
  • Great Southwestern Construction, Inc.
  • E.S. Boulos Company
  • High Country Line Construction, Inc.
  • Huen Electric, Inc.
  • CSI Electrical Contractors, Inc.
  • Western Pacific Enterprises Ltd.

LOCATIONS THROUGHOUT

THE U.S. AND WESTERN CANADA

COMPANY

DATA

$362.7M

7,200+

130+

3 OF 9

TCIR 1.06

CREDIT

TOTAL

YEARS OF

ARE DIVERSE

LTIR 0.11

BOARD OF

EXCELLENT 2020

FACILITY

EMPLOYEES

EXPERIENCE

DIRECTORS

SAFETY STATS

(AVAILABILITY AT

9/30/2021 ON OUR $375M

(CHAIRMAN & CEO ARE

(TOTAL CASE

CREDIT FACILITY)

SEPARATE POSITIONS)

INCIDENT RATE &

LOST TIME

INCIDENT RATE)

WWW.MYRGROUP.COM | 12150 E 112TH AVENUE, HENDERSON, CO 80640 | 303.286.8000 | NASDAQ: MYRG

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MYR Group Inc. published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2021 21:17:09 UTC.