MYRG - MYR Group: Demand Tailwinds And EPS Growth
2024-04-01 01:13:52 ET
Summary
- MYR Group's 2023 revenue, EBITDA, EPS, and backlog each rose as the company continued to benefit from growing demand.
- The Company benefits from the clean energy transition, the need to improve the grid, and expected increasing electricity consumption, all of which are multi-year trends in my view.
- I rate MYRG a 'Buy', and I would own it in a diversified portfolio.
MYR Group Inc. ( MYRG ) is a holding company of leading specialty contractors that service the electric utility infrastructure, commercial and industrial construction markets in the U.S. and Canada.
The company has two business segments, a Transmission & Distribution segment ("T&D") and a Commercial & Industrial segment ("C&I")....
MYR Group: Demand Tailwinds And EPS Growth