EX-99.1 2 financialsnapshotq32021.htm EX-99.1
FINANCIAL SNAPSHOT Our strong third-quarter 2021 financial results included record high quarterly net income, EBITDA, and EPS. We finished the third quarter with net income of $23.2 million, a 34.0 percent increase over our third quarter 2020 net income, along with increases in revenues, gross profit and EBITDA as compared to the same period of 2020. “ ”Rick Swartz President and CEO FINANCIAL OVERVIEW AS OF SEPTEMBER 30, 2021 LTM REVENUE $2.46B 11.3% LTM YoY LTM EBITDA* $160.1M 26.5% LTM YoY Q3 HIGHLIGHTS Third quarter revenues of $610.2 million $2.3 (0.4%) Q3 YoY Third quarter net income of $23.2 million, or $1.35 per diluted share $0.33 (32%) Q3 YoY BUSINESS SEGMENTS TRANSMISSION & DISTRIBUTION $306.5M $1.27B Third Quarter 2021 Revenues Q3 LTM 2021 COMMERCIAL & INDUSTRIAL $303.6M $1.19B Third Quarter 2021 Revenues Q3 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. Sturgeon Electric California, LLC 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. Western Pacific Enterprises Ltd. • • • • • • • • • • • COMPANY DATA YEARS OF EXPERIENCE 130+ TOTAL EMPLOYEES 7,200+ CREDIT FACILITY (AVAILABILITY AT 9/30/2021 ON OUR $375M CREDIT FACILITY) $362.7M BOARD OF DIRECTORS (CHAIRMAN & CEO ARE SEPARATE POSITIONS) 3 OF 9 ARE DIVERSE 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. Backlog remains strong at $1.63 billion 4.3% QoQ LTM NET INC. $82.5M 54.5% LTM YoY LTM EPS $4.83 per diluted share 52.4% LTM YoY