MYR Group Inc 2026年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June30, 2026OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission file number: 1-08325 MYR GROUPINC. (Exact name of registrant as specified in its charter) 36-3158643 (I.R.S. Employer Identification No.) (303) 286-8000(Registrant’s telephone number, including area code) N/A(Former name, former address and former fiscal year, if changed since last report)_____________________________________________________________ Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Actof 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject tosuch filing requirements for the past 90days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required tosubmit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No As of July24, 2026, there were 15,569,250 outstanding shares of the registrant’s $0.01 par value common stock. INDEX PagePartI—FinancialInformationItem 1.Financial Statements2Consolidated Balance Sheets as ofJune30, 2026(unaudited) andDecember31, 20252Unaudited Consolidated Statements of Operations and Comprehensive Income for the Threeand Six Months EndedJune30, 2026 and 20253Unaudited Consolidated Statements of Shareholders’ Equity for the Three and Six MonthsEndedJune30, 2026 and 20254Unaudited Consolidated Statements of Cash Flows for the Six Months EndedJune30, 2026and 20255Notes to Unaudited Consolidated Financial Statements6Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations22Item 3.Quantitative and Qualitative Disclosures About Market Risk35Item 4.Controls and Procedures35Part II—Other InformationItem 1.Legal Proceedings36Item 1A.Risk Factors36Item 2.Unregistered Sales of Equity Securities and Use of Proceeds36Item 5.Other Information36Item 6.Exhibits37 Throughout this report, references to “MYR Group,” the “Company,” “we,” “us” and “our” refer to MYR Group Inc. and itsconsolidated subsidiaries, except as otherwise indicated or as the context otherwise requires. PART I - FINANCIAL INFORMATION MYR GROUPINC. MYR GROUPINC. UNAUDITED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY MYR GROUPINC. NOTESTO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS 1. Organization, Business and Basis of Presentation Organization and Business MYR Group Inc. (the “Company”) is a holding company of specialty electrical construction service providers conductingoperations through wholly owned subsidiaries. The Company performs construction services in two business segments: Transmissionand Distribution (“T&D”), and Commercial and Industrial (“C&I”). T&D customers include investor-owned utilities, cooperatives,private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facilityowners and other contractors. T&D provides a broad range of services on electric transmission, distribution networks, substationfacilities, clean energy projects and electric vehicle charging infrastructure. T&D services include design, engineering, procurement,construction, upgrade, maintenance and repair services. C&I customers include general contractors, commercial and industrial facilityowners, government agencies and developers. C&I provides a broad range of services, which include the design, installation,maintenance and repair of commercial and industrial wiring. Typical C&I contracts cover electrical contracting services for datacenters, clean energy projects, airports, hospitals, hotels, commercial and industrial facilities, manufacturing plants, processingfacilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization,st