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MYR Group Inc. Announces Second-Quarter and First-Half 2021 Results

MYR Group Inc. Announces Second-Quarter and First-Half 2021 Results
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MYR Group Inc. Announces Second-Quarter and First-Half 2021 Results

MYR Group Inc. Announces Second-Quarter and First-Half 2021 Results
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United States , Bettyr Johnson , David Gutierrez , Rick Swartz , Dresner Corporate Services , Group Inc , Second Quarter , Investor Relations , Quarterly Reports , Current Reports , Chief Financial Officer , Consolidated Statements , Six Months Ended June , Months Ended June , Consolidated Selected Data , Performance Measure , Twelve Months Ended June , Operations Data , Share Data , Balance Sheet Data , Performance Measures , Diluted Share , Cash Flow , Period End Share , Book Value , Equity Ratio ,

MYR Group Inc. Announces First-Quarter 2021 Results

MYR Group Inc. Announces First-Quarter 2021 Results
HENDERSON, Colo., April 28, 2021 (GLOBE NEWSWIRE)
MYR Group Inc. (“MYR”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and western Canada, today announced its first-quarter 2021 financial results.
Highlights for First Quarter 2021
Strong quarterly revenues of $592.5 million
Record high quarterly net income of $19.9 million, or $1.17 per diluted share
Record high quarterly EBITDA of $39.3 million
Strong quarter net cash flow from operating activities of $59.4 million and quarter free cash flow of $52.4 million
Strong backlog of $1.64 billion
Management Comments
Rick Swartz, MYR’s President and CEO, said, “Our strong first-quarter 2021 financial results included record high quarterly net income, EBITDA, and EPS. Net Income of $19.9 million, doubled o ....

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