Financial Data and Key Metrics Changes - The company reported record annual revenues of $3.6 billion for 2023, marking the ninth consecutive year of revenue growth [10] - Full year net income was $91 million, with EBITDA of $188 million [14] - Fourth quarter revenues reached $1 billion, an increase of 16% compared to the same period last year [14] - Gross margin for the fourth quarter was 9.7%, down from 11.1% year-over-year, primarily due to labor and project inefficiencies [17] - Operating cash flow for the fourth quarter was $43 million, a decrease from $94 million in the same period last year [23] Business Line Data and Key Metrics Changes - Transmission & Distribution (T&D) revenues were $592 million for the fourth quarter, a record high and an increase of 15% year-over-year [15] - C&I revenues reached $413 million for the fourth quarter, also a record high, reflecting an 18% increase compared to the same period last year [16] - T&D operating income margin was 7.2% for the fourth quarter, down from 8% year-over-year [18] - C&I operating income margin was 2.1% for the fourth quarter, down from 3.6% year-over-year [19] Market Data and Key Metrics Changes - The Clean Grid Initiative report forecasts electricity demand in the US to increase by 2.6% to 4.7% over the next five years, requiring $630 billion in near-term investment [11] - Data center growth is expected to exceed $150 billion through 2028, driven by increased use of artificial intelligence [12] - The solar market is projected to grow at an average of 14% annually over the next five years, despite facing headwinds in 2023 [29] Company Strategy and Development Direction - The company aims to leverage deep client relationships and pursue new opportunities in core markets such as data centers, transportation, and healthcare [10][12] - Focus on grid modernization, reliability improvement, and decarbonization as key market drivers for future growth [13] - The company plans to be selective in clean energy projects to ensure profitability while pursuing growth [72] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing demand for electrification and the company's ability to capture growth opportunities [38] - The company anticipates high single-digit growth for 2024, with a focus on maintaining margins and operational efficiency [53] - Management acknowledged challenges from supply chain disruptions but noted improvements in material availability [58] Other Important Information - The company maintained a strong funded debt-to-EBITDA leverage ratio of 0.19 times as of December 31, 2023, indicating a solid balance sheet [102] - SG&A expenses for the fourth quarter were $60 million, reflecting an increase due to higher employee-related expenses [20] Q&A Session Summary Question: Concerns about ongoing project margin pressures - Management indicated that most issues were related to a few solar projects, which are expected to conclude by mid-2024, potentially alleviating margin pressures [49][50] Question: Growth expectations for 2024 - Management projected high single-digit growth for 2024, with a more significant contribution expected in the second half of the year [53] Question: Supply chain pinch points - Management noted improvements in supply chain conditions, particularly regarding transformers and panels, which had previously caused delays [58] Question: MSA agreements and utility trends - Management reported positive trends in MSA agreements, with utilities increasingly looking to lock in resources for ongoing projects [62] Question: Capital allocation towards M&A - Management expressed a balanced approach to acquisitions, being open to both transformative and tuck-in opportunities [66] Question: Top markets driving growth - Management highlighted data centers, healthcare, and transportation as key growth markets, with ongoing monitoring of electric vehicle infrastructure opportunities [86]

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________ __________________________________________________________________________________________________FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period ...

Thornton, Colo., February 28, 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 fourth-quarter and full year 2023 financial results. Fourth Quarter 2023 Highlights Full Year 2023 Highlights Management Comments Exhibit 99.1 MYR Group Inc. Announces Fourth-Quarter and Full Year 2023 Results Rick Swartz, MYR's President a ...

MYR Group, Inc. (NASDAQ:MYRG) Q3 2023 Earnings Call Transcript October 26, 2023 10:00 AM ET Company Participants David Gutierrez - Head, PR Practice and SVP, Dresner Corporate Services, Inc. Richard Swartz - President & CEO Kelly Huntington - SVP & CFO Tod Cooper - SVP & COO, Transmission and Distribution Don Egan - SVP & COO, Commercial and Industrial Segment Conference Call Participants Justin Hauke - Baird Brian Russo - Sidoti Operator Good morning, everyone, and welcome to the MYR Group Third Quarter 20 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (State or other jurisdiction of incorporation or organization) For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 12121 Grant Street, Suite 610 Commission file number: 1-08325 _____________________________________________________________ MYR GROUP INC. (Exact name of registrant as spe ...

INVESTOR PRESENTATION Q 2 | J u l y 2 0 2 3 | N A S D A Q : M Y R G F O R W A R D - L O O K I N G S T A T E M E N T S A MARKET LEADER OUTLOOK • Record Q2 LTM revenue, EBITDA, net income, EPS, and backlog. 5 • Approx. 50% of T&D business is Master Service Agreement work DISTRIBUTION ENERGY STORAGE Millions • Aging infrastructure, system hardening, grid reliability, and clean energy projects remain key drivers for transmission infrastructure investment – along with federal, state and local clean energy goals ...

MYR Group, Inc. (NASDAQ:MYRG) Q2 2023 Earnings Conference Call July 27, 2023 10:00 AM ET Company Participants David Gutierrez - Head, PR Practice and SVP, Dresner Corporate Services, Inc. Richard Swartz - President & CEO Kelly Huntington - SVP & CFO Tod Cooper - SVP & COO, Transmission and Distribution Don Egan - SVP & COO, Commercial and Industrial Segment Conference Call Participants Alex Dwyer - KeyBank Capital Markets Justin Hawk - Baird Brian Russo - Sidoti John Bratz - Kansas City Capital Operator Hel ...

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, 2023 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 ...

MYR Group, Inc. (NASDAQ:MYRG) Q1 2023 Earnings Conference Call April 27, 2023 10:00 AM ET Company Participants David Gutierrez - Head, PR Practice and SVP, Dresner Corporate Services, Inc. Richard Swartz - President & CEO Kelly Huntington - SVP & CFO Tod Cooper - SVP & COO, Transmission and Distribution Jeffrey Waneka - SVP & COO, Commercial & Industrial Conference Call Participants Alex Dwyer - KeyBank Justin Hauke - Baird Brian Russo - Sidoti Jon Braatz - Kansas City Capital Operator Good morning, everyon ...

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 March 31, 2023 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 ...