Exhibit 99.1 MYR Group Inc. Announces Third-Quarter and First Nine-Months 2024 Results Thornton, Colo., October 30, 2024 – 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 Canada, announced today its third-quarter and first nine-months 2024 financial results. Highlights for Third Quarter 2024 • Quarterly revenues of $888.0 million • Quarterly net incom ...

Group 1 - MYR Group Inc. is a holding company specializing in electrical contracting services in the U.S. and Canada, focusing on Transmission & Distribution (T&D) and Commercial & Industrial (C&I) segments [2] - The T&D segment provides comprehensive services including design, engineering, procurement, construction, maintenance, and repair for electric transmission, distribution networks, and clean energy projects [2] - The C&I segment offers a wide range of services for commercial and industrial wiring, catering to various facilities such as airports, hospitals, and manufacturing plants [2] Group 2 - MYR Group will participate in the 2024 Stephens Annual Investment Conference, where its CEO and CFO will meet with institutional investors [1] - The conference is scheduled for November 20, 2024, in Nashville, Tennessee, and is exclusive to Stephens clients [1]

THORNTON, Colo., Oct. 16, 2024 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR Group") (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will release its third-quarter 2024 results on Wednesday, Oct. 30, 2024, after the market closes. In conjunction with the release, MYR Group has scheduled a conference call and simultaneous webcast to discuss results on Thursda ...

Group 1 - MYR Group Inc. is a holding company specializing in electrical contracting services in the United States and Canada, focusing on Transmission & Distribution (T&D) and Commercial & Industrial (C&I) segments [2] - The T&D segment provides comprehensive services including design, engineering, procurement, construction, upgrade, maintenance, and repair for electric transmission, distribution networks, and clean energy projects [2] - The C&I segment offers a wide range of services for commercial and industrial wiring, catering to various facilities such as airports, hospitals, data centers, and manufacturing plants [2] Group 2 - MYR Group's CEO and CFO will attend the Baird 2024 Global Industrial Conference to meet with institutional investors on November 12, 2024, in Chicago [1]

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Investors in MYR Group Inc. (MYRG) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $125 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also m ...

Financial Data and Key Metrics Changes - Second quarter 2024 revenues were $829 million, a decrease of $60 million or 6.7% compared to the same period last year [10] - Gross margin for Q2 2024 was 4.9%, down from 10.1% in the same period last year [11] - Net loss for Q2 2024 was $15 million, compared to net income of $22 million for the same period last year [15] - Total backlog as of June 30, 2024, was $2.54 billion, a 7% decrease year-over-year [15] Business Segment Data and Key Metrics Changes - Transmission and Distribution (T&D) revenues were $458 million, a decrease of 9% year-over-year, with $282 million from transmission and $176 million from distribution [10] - Commercial and Industrial (C&I) revenues were $371 million, a decrease of 4% compared to the same period last year [10] - T&D operating loss margin was 1.8% for Q2 2024, down from an operating income margin of 7.5% in the same period last year [12] - C&I operating income margin was 0.4% for Q2 2024, compared to 3.3% for the same period last year [13] Market Data and Key Metrics Changes - The demand for electricity is expected to grow significantly, with U.S. power demand forecasted to require $50 billion in capital investments by 2030 [8] - Data centers are projected to consume as much as 9.1% of U.S. electricity generation annually by 2030, up from an estimated 4% today [19] Company Strategy and Development Direction - The company is focusing on strategic expansion of existing partnerships and capturing new opportunities in the markets served [7] - Continued emphasis on quality execution of projects and overcoming near-term challenges in the clean energy portfolio [18] - The company aims to maintain a strong balance sheet and pursue organic growth, acquisitions, and opportunistic share repurchases [16] Management Comments on Operating Environment and Future Outlook - Management noted that the second quarter performance was negatively impacted by a small group of underperforming projects, but core markets remain resilient [24] - The company is optimistic about long-term growth opportunities in the T&D segment despite short-term lumpiness in project rollouts [30] - Management expressed confidence in the ability to manage risks associated with ongoing projects and potential litigation [32][49] Other Important Information - SG&A expenses for Q2 2024 were $62 million, an increase of $4 million compared to the same period last year [14] - The company repurchased 117,000 shares at a weighted average price of $138 per share during the second quarter [16] Q&A Session Summary Question: On the solar project that had delays and cost overruns, are these in competitive markets? - Yes, some projects are in competitive markets, and the company will be selective in bidding for utility-scale solar projects [25] Question: Should we expect T&D margins to exit at the low-end of the long-term outlook? - Performance is expected to be in the mid-range for T&D and lower range for C&I, barring troubled projects [26] Question: Can you discuss the outlook for the T&D side given market expectations for softness? - There is a lot of activity in small and mid-sized projects, but larger projects are slower to come to market [29] Question: Are there provisions to protect against delays in clean energy projects? - There are contractual protections, but the company is prepared for potential litigation if necessary [31][32] Question: How do you view revenue guidance for the rest of the year? - Revenue is expected to decline as the company remains selective in solar projects, but growth is anticipated in C&I [40] Question: How comfortable are you that you have fully accounted for costs in troubled projects? - There is always potential risk in finishing projects, but the company has good visibility on what remains [49]

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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -185.05%. A quarter ago, it was expected that this electrical construction services provider would post earnings of $1.02 per share when it actually produced earnings of $1.12, delivering a surprise of 9.80%. Over the last four quart ...

Table of Contents _____________________________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-08325 MYR GROUP INC. (Exact name of registrant as specified i ...

THORNTON, Colo., July 31, 2024 (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 Canada, announced today its secondquarter and first-half 2024 financial results. Highlights for Second Quarter 2024 Quarterly revenues of $828.9 million Quarterly net loss of $15.3 million, or ($0.91) per diluted share Quarterly EBITDA of ($4.7) million ...