{
  "id": 16960877,
  "title": "MYR Group gains on strong earnings and revenue beat",
  "url": "https://urgent.news/2026/10/28/myr-group-gains-on-strong-earnings-and-revenue-beat",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T21:14:44.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/earnings/myr-group-gains-on-strong-earnings-and-revenue-beat-4980931"
  },
  "original_language": "en",
  "account": null,
  "summary": "MYR Group Inc (NASDAQ:MYRG) reported impressive third-quarter earnings, significantly surpassing analyst expectations. The company's earnings per share stood at $3.82, beating the consensus estimate of $2.99 by $0.83. Revenue reached $1.26 billion, representing a 32% increase from $951.4 million in the same period last year. Notably, net income climbed to $60.0 million, up from $32.1 million in the prior-year quarter, while the gross margin expanded to 13.6% from 11.8%. The Commercial and Industrial segment recorded record quarterly revenues of $704.5 million, while the Transmission and Distribution segment generated $554.5 million. MYR's President and CEO, Rick Swartz, attributed the strong performance to overall business momentum and execution. The company also reported a record backlog of $3.68 billion as of September 30, 2026, reflecting a 38.2% increase compared to $2.66 billion a year earlier.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}