MYRG - MYR Group: Shift Towards Clean Energy And Growing Demand For Data Centre

2024-06-10 09:23:14 ET

Summary

• MYRG's profitability margins have contracted, but they were modest. The decrease was due to rising costs caused by supply chain issues, inflation, and inclement weather.
• MYRG's profitability margins have contracted, but they were modest. The decrease was due to rising costs caused by supply chain issues, inflation, and inclement weather.
• The shift towards clean energy and the growing demand for data centres are expected to bolster MYR Group's outlook and provide tailwinds for its growth.

Synopsis

MYR Group ( MYRG ) is a leading specialty contractor in the US and Canada that operates in the commercial, industrial, and electric utility infrastructure sectors. Over the last three years, MYRG’s contract revenue has shown consistent growth. However, its margins over the same period have been contracting, but I do note that they were modest....

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