EX-99.2 3 a992-financialsnapshotq1.htm EX-99.2
FINANCIAL SNAPSHOT Our strong first-quarter 2021 financial results included record high quarterly net income, EBITDA, and EPS. Net Income of $19.9 million, doubled our first quarter 2020 net income, along with increases in revenues, gross profit, EBITDA, and free cash flow as compared to the same period of 2020. We believe current economic conditions, the shift toward clean energy, and the need to replace aging infrastructure to strengthen the grid, coupled with a healthy market will continue to drive near term opportunities. “ ” Rick SwartzPresident and CEO FINANCIAL OVERVIEW AS OF MARCH 31, 2021 LTM REVENUE $2.32B 9.4% LTM YoY LTM EBITDA* $144.3M 34.1% LTM YoY Q1 HIGHLIGHTS Backlog remains strong at $1.64 billion 6.7% Q1 YoY First quarter revenues of $592.5 million $74.0 (14.3%) Q1 YoY First quarter net income of $19.9 million, or $1.17 per diluted share $0.58 (98.3%) Q1 YoY BUSINESS SEGMENTS TRANSMISSION & DISTRIBUTION $314.9M $1.21B First Quarter 2021 Revenues Q1 LTM 2021 COMMERCIAL & INDUSTRIAL $277.6M $1.11B First Quarter 2021 Revenues Q1 LTM 2021 COMPANY PROFILE LOCATIONS THROUGHOUT THE U.S. AND WESTERN CANADA MYR GROUP CONSISTS OF THE FOLLOWING SUBSIDIARIES: The L.E. Myers Co. Sturgeon Electric Company, Inc. Harlan Electric Company MYR Energy Services, Inc. Great Southwestern Construction, Inc. E.S. Boulos Company High Country Line Construction, Inc. Huen Electric, Inc. CSI Electrical Contractors, Inc. GSW Integrated Services, LLC Western Pacific Enterprises Ltd. • • • • • • • • • • • COMPANY DATA YEARS OF EXPERIENCE 130+ TOTAL EMPLOYEES 7,200+ CREDIT FACILITY (AVAILABILITY AT 3/31/2021 ON OUR $375M CREDIT FACILITY) $362.7M BOARD OF DIRECTORS (CHAIRMAN & CEO ARE SEPARATE POSITIONS) 7 OF 9 ARE INDEPENDENT EXCELLENT 2020 SAFETY STATS (TOTAL CASE INCIDENT RATE & LOST TIME INCIDENT RATE) TCIR 1.06 LTIR 0.11 WWW.MYRGROUP.COM | 12150 E 112TH AVENUE, HENDERSON, CO 80640 | 303.286.8000 | NASDAQ: MYRG *See reconciliation of non-GAAP measures in our recently filed press release and investor presentation. LTM NET INC. $68.8M 70.7% LTM YoY LTM EPS $4.06 per diluted share 69.2% LTM YoY