MYR Group Q2 FY26 net income more than doubled to $49.9 million; revenue rises 20.1% to $1.08 billion

• MYR Group posted Q2 2026 net income of $49.9 million, more than doubled from a year earlier; diluted EPS rose to $3.17.
• Revenue climbed 20.15% from Q2 2025 to a record $1.08 billion, driven by Commercial and Industrial at $557.7 million.
• Gross margin widened 1.7 percentage points to 13.2%, on better-than-anticipated productivity, favorable job closeouts, and scope increases on certain projects.
• Backlog rose 19.6% from June 30, 2025 to a record $3.16 billion, with $1.89 billion in C&I and $1.27 billion in T&D.
• Management said the Valley Electric and Comet Electric acquisitions closed July 1, expanding C&I capabilities and geographic footprint.

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