EX-99.1 2 financialsnapshotq420210.htm EX-99.1
FINANCIAL SNAPSHOT We finished 2021 with strong financial results in the fourth quarter, and full year revenues were $2.50 billion, setting a record high for the seventh consecutive year. Fourth quarter 2021 net income of $20.7 million, a 14.0 percent increase over the fourth quarter of 2020, and revenues, consolidated gross profit, and EBITDA increased compared to the same period of 2020. “ ” Rick Swartz President and CEO Q4 HIGHLIGHTS Fourth quarter revenues of $646.0 million $38.0 (6.3%) Q4 YoY Fourth quarter net income of $20.7 million, or $1.20 per diluted share $0.13 (12.1%) Q4 YoY BUSINESS SEGMENTS TRANSMISSION & DISTRIBUTION $353.3M $1.30B Fourth Quarter 2021 Revenues Full Year 2021 Revenues COMMERCIAL & INDUSTRIAL $292.7M $1.20B Fourth Quarter 2021 Revenues Full Year 2021 Revenues COMPANY PROFILE LOCATIONS THROUGHOUT THE U.S. AND 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. Powerline Plus Ltd. • • • • • • • • • • • • COMPANY DATA YEARS OF EXPERIENCE 130+ TOTAL EMPLOYEES 7,600+ CREDIT FACILITY (AVAILABILITY AT 12/31/2021 ON OUR $375M CREDIT FACILITY) $362.7M BOARD OF DIRECTORS (CHAIRMAN & CEO ARE SEPARATE POSITIONS) 3 OF 9 ARE DIVERSE EXCELLENT 2021 SAFETY STATS (TOTAL CASE INCIDENT RATE & LOST TIME INCIDENT RATE) TCIR 1.24 LTIR 0.09 WWW.MYRGROUP.COM | 12150 E 112TH AVENUE, HENDERSON, CO 80640 | 303.286.8000 | NASDAQ: MYRG Backlog remains strong at $1.79 billion 9.5% QoQ FINANCIAL OVERVIEW AS OF DECEMBER 31, 2021 FY REVENUE $2.50B 11.2% YoY FY EBITDA* $164.2M 24.1% YoY *See reconciliation of non-GAAP measures in our recently filed press release and investor presentation. FY NET INC. $85.0M 44.7% YoY FY EPS $4.95 per diluted share 42.2% YoY