MYR GROUP INC

For the period ended Mar 31, 2025. Filed Apr 30, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed Apr 30, 2025

MYRG$272.81-2.3%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets as of (unaudited) and

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share data)	March 31,2025	December 31,2024
(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$10,896	$3,464
Accounts receivable, net of allowances of $958 and $1,129, respectively	569,105	653,069
Contract assets, net of allowances of $516 and $422, respectively	341,630	301,942
Current portion of receivable for insurance claims in excess of deductibles	9,519	9,081
Refundable income taxes	2,570	4,638
Prepaid expenses and other current assets	34,508	42,468
Total current assets	968,228	1,014,662
Property and equipment, net of accumulated depreciation of $395,213 and $387,223, respectively	273,823	278,226
Operating lease right-of-use assets	42,363	42,648
Goodwill	113,043	112,983
Intangible assets, net of accumulated amortization of $35,775 and $34,573, respectively	74,546	75,691
Receivable for insurance claims in excess of deductibles	34,420	34,553
Deferred income taxes	5,741	5,734
Investment in joint ventures	3,763	3,730
Other assets	6,134	5,832
Total assets	$1,522,061	$1,574,059
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt	$4,457	$4,363
Current portion of operating lease obligations	12,192	12,141
Current portion of finance lease obligations	938	1,046
Accounts payable	286,228	295,476
Contract liabilities	292,641	321,958
Current portion of accrued self-insurance	25,414	25,883
Accrued income taxes	5,161	196
Other current liabilities	111,716	87,837
Total current liabilities	738,747	748,900
Deferred income tax liabilities	52,516	52,498
Long-term debt	82,702	70,018
Accrued self-insurance	53,070	53,600
Operating lease obligations, net of current maturities	30,140	30,496
Finance lease obligations, net of current maturities	1,744	1,930
Other liabilities	14,470	16,257
Total liabilities	973,389	973,699
Commitments and contingencies
Shareholders’ equity:
Preferred stock—$0.01 par value per share; 4,000,000 authorized shares; none issued and outstanding at March 31, 2025 and December 31, 2024	—	—
Common stock—$0.01 par value per share; 100,000,000 authorized shares; 15,521,800 and 16,121,901 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	155	161
Additional paid-in capital	152,898	159,133
Accumulated other comprehensive loss	(12,529)	(12,651)
Retained earnings	408,148	453,717
Total shareholders’ equity	548,672	600,360
Total liabilities and shareholders’ equity	$1,522,061	$1,574,059

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.