7/30/2026

speaker
Operator
Conference Operator

Good morning, everyone, and welcome to the MYR Group Second Quarter 2026 Earnings Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will hear an automated message advising that your hand is raised. To withdraw your question, please press star 11 again. Today's conference is being recorded. I will now turn the call over to Jennifer Harper, Vice President of Investor Relations, and Treasurer for introductory remarks.

speaker
Jennifer Harper
Vice President of Investor Relations and Treasurer

Thank you and good morning, everyone. I would like to welcome you to the MYR Group conference call to discuss the company's second quarter results for 2026, which were reported yesterday. Joining us on today's call are Rick Swartz, President and Chief Executive Officer, Kelly Huntington, Senior Vice President and Chief Financial Officer, Bryan Stern, Senior Vice President and Chief Operating Officer of MYR Group's Transmission and Distribution Segment, and Don Egan, Senior Vice President and Chief Operating Officer of MYR Group's Commercial and Industrial Segment. A copy of yesterday's press release announcing our second quarter results can be found on the MYR Group website at myrgroup.com under the Investors tab. Please note today's discussion may contain forward-looking statements. Any such statements are based upon information available to MYR Group's management as of this date, and MYR Group assumes no obligation to update any such forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Accordingly, these statements are no guarantee of future performance. For more information, please refer to the risk factors discussed in the company's most recently filed annual report on Form 10-K. Certain non-GAAP financial measures will also be presented. A reconciliation of these non-GAAP measures to the most comparable GAAP measures is set forth in yesterday's press release. With that, let me turn the call over to Rick Swartz.

speaker
Rick Swartz
President and Chief Executive Officer

Thanks, Jennifer. Good morning, everyone. Welcome to our second quarter 2026 conference call to discuss financial and operational results. I will begin by providing a summary of the second quarter results and then turn the call over to Kelly Huntington, our Chief Financial Officer, for a detailed financial review. Following Kelly's overview, Brian Stern and Don Egan, Chief Operating Officers for our T&D and C&I segments, will provide a summary of our segment performance and discuss some of MYR Group's opportunities going forward. I will then conclude today's call with some closing remarks and open the call up for your questions. We achieved solid second quarter financial results reflecting consistent performance throughout our business. During the quarter, we saw steady activity across our markets with ongoing infrastructure investments and electrification initiatives supporting demand. We remain focused on maintaining operational discipline, pursuing opportunities aligned with our strategy, and creating long-term value for our stakeholders. On July 1st, we closed the acquisition of Valley Electric and Common Electric, further expanding our commercial and industrial capabilities and geographic presence. Their diverse project portfolios, strong customer relationships, and extensive prefabrication capabilities complement our existing capabilities, positioning us to pursue a broader range of opportunities. We look forward to working together to leverage our combined strengths and support continued growth across an expanded footprint. As we continue to build our capabilities and serve our customers, our commitment to safe, reliable execution remains unchanged. Our teams are focused on maintaining strong customer relationships, producing high-quality results, and working collaboratively across our organization. I'm grateful to our teams for their continued dedication and the contributions they make every day. Now Kelly will provide details on our second quarter 2026 financial results.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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