MYR Group (MYRG) Misses Q2 EPS by 2c
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MYR Group Inc. Announces Second-Quarter and First-Half 2016 Results
August 3, 2016 4:00 PM EDTROLLING MEADOWS, Ill., Aug. 03, 2016 (GLOBE NEWSWIRE) -- MYR Group Inc. (MYR) (NASDAQ: MYRG), a leading specialty contractor serving the electrical infrastructure market in the United States and Canada, today announced its second-quarter and first-half 2016 financial results.
Highlights
Second quarter revenues of $261.9 millionSecond quarter net income of $5.5 million, or $0.31 per shareBacklog increase of $40.2 million, or 9.3 percent from the prior quarter to $475.0 million, our highest level since December 31, 2012Second quarter common stock repurchases of approximately 2.8 million shares for $67.6 millionOn July 28, 2016, MYRs... More