MYR Group Inc. (NASDAQ:MYRG ) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants David Gutierrez - Dresner Corporate Services Rick Swartz - President and Chief Executive Officer Kelly Huntington - Senior Vice President and Chief Financial Officer Brian Stern - Senior Vice President and Chief Operating Officer, Transmission and Distribution Segment Don Egan - Senior Vice President and Chief Operating Officer, Commercial and Industrial Segment Conference Call Participants Sangita Jain - KeyBanc Capital Markets Ati Modak - Goldman Sachs Justin Hauke - Baird Brian Brophy - Stifel Jon Braatz - Kansas City Capital Operator Good morning, everyone, and welcome to the MYR Group Second Quarter 2024 Earnings Results Conference Call. [At this time, all participants are in a listen-only mode.
MYR Group (MYRG) came out with a quarterly loss of $0.91 per share versus the Zacks Consensus Estimate of $1.07. This compares to earnings of $1.33 per share a year ago.
MYR (MYRG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MYR (MYRG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
MYRG's profitability margins have contracted, but they were modest. The decrease was due to rising costs caused by supply chain issues, inflation, and inclement weather. MYRG's profitability margins have contracted, but they were modest. The decrease was due to rising costs caused by supply chain issues, inflation, and inclement weather. The shift towards clean energy and the growing demand for data centres are expected to bolster MYR Group's outlook and provide tailwinds for its growth.