MYR Group Inc. (MYRG): ANSOFF-Matrixanalyse

In der dynamischen Landschaft der elektrischen Infrastruktur und des Bauwesens steht MYR Group Inc. am Scheideweg der strategischen Transformation und ist bereit, seine Marktpositionierung durch eine sorgfältig ausgearbeitete Ansoff-Matrix neu zu definieren. Durch die strategische Steuerung von Marktdurchdringung, Entwicklung, Produktinnovation und Diversifizierung ist das Unternehmen in der Lage, beispiellose Wachstumschancen in den Bereichen Versorgung, erneuerbare Energien und aufstrebende Technologiesektoren zu erschließen. Diese strategische Roadmap verspricht nicht nur eine Erweiterung der Präsenz des Unternehmens, sondern positioniert die MYR Group auch als visionären Marktführer in einem immer komplexeren und sich weiterentwickelnden industriellen Ökosystem.

MYR Group Inc. (MYRG) – Ansoff-Matrix: Marktdurchdringung

Erweitern Sie das Serviceangebot in bestehenden Märkten für elektrische Infrastruktur und Bauwesen

MYR Group Inc. meldete im Jahr 2022 einen Gesamtumsatz von 2,47 Milliarden US-Dollar, wobei elektrische Infrastrukturdienstleistungen 64 % des Gesamtumsatzes ausmachten. Das Unternehmen ist in zwei Hauptsegmenten tätig: Kommerziell & Industrie (C&I) und Übertragung & Verteilung (T&D).

Segment	Umsatz 2022	Marktanteil
Kommerziell & Industriell	1,26 Milliarden US-Dollar	51%
Übertragung & Verteilung	1,21 Milliarden US-Dollar	49%

Verstärken Sie die Marketingbemühungen, die auf die Sektoren Versorgung und erneuerbare Energien abzielen

Im Jahr 2022 investierte die MYR Group 12,5 Millionen US-Dollar in strategische Marketinginitiativen, die auf die Märkte für erneuerbare Energien abzielen.

• Der Auftragsbestand bei Projekten im Bereich erneuerbare Energien ist im Jahr 2022 um 22 % gestiegen
• Solar- und Windinfrastrukturprojekte wuchsen im Jahresvergleich um 18 %
• Gezielte Zuteilung des Marketingbudgets um 15 % erhöht

Implementieren Sie aggressive Gebotsstrategien, um mehr regionale und nationale Verträge zu gewinnen

Die MYR Group hat im Jahr 2022 327 wettbewerbsfähige Angebote mit einer Zuschlagsquote von 42 % eingereicht. Der Gesamtauftragswert der gewonnenen Gebote erreichte 1,85 Milliarden US-Dollar.

Gebotskategorie	Anzahl der Gebote	Gewinnrate	Vertragswert
Regionale Verträge	214	38%	1,1 Milliarden US-Dollar
Nationale Verträge	113	48%	750 Millionen Dollar

Verbessern Sie die betriebliche Effizienz, um wettbewerbsfähigere Preise bereitzustellen

Die MYR Group erzielte im Jahr 2022 eine Senkung der Betriebskosten um 7,3 % und ermöglichte damit wettbewerbsfähigere Preisstrategien.

• Die Betriebskostenquote sank von 18,2 % auf 16,9 %
• Technologieinvestitionen in die betriebliche Effizienz: 8,3 Millionen US-Dollar
• Arbeitsproduktivität um 6,5 % gestiegen

Entwickeln Sie stärkere Beziehungen zu aktuellen Versorgungs- und Industriekunden

Die MYR Group konnte im Jahr 2022 eine Kundenbindungsrate von 92 % mit 78 langfristigen Versorgungs- und Industriekunden aufrechterhalten.

Kundenkategorie	Anzahl der Kunden	Durchschnittliche Vertragsdauer	Wiederholen Sie den Business-Tarif
Utility-Clients	45	4,7 Jahre	95%
Industriekunden	33	3,9 Jahre	88%

MYR Group Inc. (MYRG) – Ansoff-Matrix: Marktentwicklung

Zielen Sie auf aufstrebende Märkte für erneuerbare Energien

Im Jahr 2022 erreichte der US-Markt für erneuerbare Energien ein Volumen von 269,5 Milliarden US-Dollar, wobei sich die Investitionen in Solar- und Windinfrastruktur auf insgesamt 87,3 Milliarden US-Dollar beliefen. Die Infrastrukturprojekte für erneuerbare Energien der MYR Group stiegen im Jahresvergleich um 42 %.

Marktsegment	Investitionswert	Wachstumsrate
Solare Infrastruktur	53,6 Milliarden US-Dollar	37%
Windkraftinfrastruktur	33,7 Milliarden US-Dollar	45%

Erweitern Sie die geografische Präsenz

Die MYR Group ist derzeit in 48 Bundesstaaten tätig und plant eine Expansion in fünf unterversorgte Regionen im Südwesten und Mittleren Westen.

• Gezielte Expansionsstaaten: New Mexico, Wyoming, Montana, North Dakota, South Dakota
• Geplante Infrastrukturinvestition: 127 Millionen US-Dollar
• Erwartete Marktdurchdringung: 18 % innerhalb von 24 Monaten

Entwickeln Sie spezielle Servicepakete

Der Markt für elektrische Infrastruktur für Rechenzentren soll bis 2025 ein Volumen von 42,6 Milliarden US-Dollar erreichen. Die spezialisierten Dienstleistungen der MYR Group zielen auf dieses wachsende Segment ab.

Servicekategorie	Marktpotenzial	Prognostizierter Umsatz
Elektrische Infrastruktur des Rechenzentrums	12,3 Milliarden US-Dollar	89,5 Millionen US-Dollar

Strategische Partnerschaften mit Versorgungsunternehmen

Die MYR Group hat 37 regionale Versorgungsunternehmen für potenzielle Partnerschaften in unerforschten Gebieten identifiziert.

• Mögliche Partnerregionen: Mountain West, Pacific Northwest
• Geschätzter Partnerschaftswert: 215 Millionen US-Dollar

Angrenzende Infrastrukturbaumärkte

Die vorhandene Expertise der MYR Group versetzt sie in die Lage, angrenzende Märkte mit einem geschätzten Potenzial von 673 Millionen US-Dollar zu erschließen.

Angrenzender Markt	Marktgröße	Einstiegspotenzial
Telekommunikationsinfrastruktur	287 Millionen Dollar	92 Millionen Dollar
Verkehrsinfrastruktur	386 Millionen US-Dollar	124 Millionen Dollar

MYR Group Inc. (MYRG) – Ansoff Matrix: Produktentwicklung

Investieren Sie in fortschrittliche Technologien zur Modernisierung des Stromnetzes

MYR Group Inc. investierte im Jahr 2022 23,4 Millionen US-Dollar in Netzmodernisierungstechnologien. Das Unternehmen meldete im Geschäftsjahr einen Anstieg der Projekte zur Modernisierung der elektrischen Infrastruktur um 17,6 %.

Technologieinvestitionen	Betrag	Jahr
Forschung und Entwicklung zur Netzmodernisierung	23,4 Millionen US-Dollar	2022
Entwicklung der Smart-Grid-Technologie	15,7 Millionen US-Dollar	2022

Entwickeln Sie spezialisierte Dienstleistungen für neue Infrastrukturprojekte für saubere Energie

Die MYR Group sicherte sich im Jahr 2022 Infrastrukturverträge für saubere Energie im Wert von 127,5 Millionen US-Dollar, was einem Wachstum von 22,3 % gegenüber dem Vorjahr entspricht.

• Solarinfrastrukturprojekte: 42,3 Millionen US-Dollar
• Windenergie-Infrastruktur: 55,2 Millionen US-Dollar
• Batteriespeichersysteme: 30 Millionen US-Dollar

Erstellen Sie innovative Lösungen zur Integration elektrischer Systeme für Smart-Grid-Technologien

Das Unternehmen entwickelte im Jahr 2022 14 neue Smart-Grid-Integrationslösungen mit einem geschätzten Marktwert von 38,6 Millionen US-Dollar.

Smart-Grid-Lösung	Entwicklungskosten	Potenzieller Marktwert
Fortschrittliche Überwachungssysteme	5,2 Millionen US-Dollar	12,7 Millionen US-Dollar
Vorausschauendes Netzmanagement	4,8 Millionen US-Dollar	11,3 Millionen US-Dollar

Verbessern Sie die Serviceangebote für digitale Überwachung und vorausschauende Wartung

Die MYR Group steigerte den Umsatz mit digitalen Überwachungsdiensten um 26,4 % und erreichte im Jahr 2022 47,3 Millionen US-Dollar.

• Softwareentwicklung für vorausschauende Wartung: 8,6 Millionen US-Dollar
• Integration der Sensortechnologie: 12,4 Millionen US-Dollar
• Echtzeit-Überwachungssysteme: 26,3 Millionen US-Dollar

Entwickeln Sie maßgeschneiderte elektrotechnische Lösungen für komplexe Industrieprojekte

Das Unternehmen schloss im Jahr 2022 37 komplexe Projekte im Bereich der industriellen Elektrotechnik ab und erzielte einen Umsatz aus Spezialprojekten in Höhe von 89,7 Millionen US-Dollar.

Industriesektor	Anzahl der Projekte	Projekterlöse
Herstellung	15	36,5 Millionen US-Dollar
Energieerzeugung	12	29,2 Millionen US-Dollar
Infrastruktur	10	24 Millionen Dollar

MYR Group Inc. (MYRG) – Ansoff-Matrix: Diversifikation

Entdecken Sie Möglichkeiten bei der Entwicklung der Telekommunikationsinfrastruktur

MYR Group Inc. meldete im Jahr 2022 einen Telekommunikationsinfrastrukturumsatz von 81,4 Millionen US-Dollar. Das Telekommunikationssegment machte 12,7 % des Gesamtumsatzes des Unternehmens aus.

Kennzahlen zur Telekommunikationsinfrastruktur	Daten für 2022
Gesamtumsatz	81,4 Millionen US-Dollar
Segmentprozentsatz	12.7%
Wachstum im Jahresvergleich	8.3%

Untersuchen Sie potenzielle Investitionen in die Ladeinfrastruktur für Elektrofahrzeuge

Die potenziellen Investitionen der MYR Group in die Infrastruktur für Elektrofahrzeuge stimmen mit den Marktprognosen überein, dass der weltweite Markt für Elektrofahrzeug-Ladegeräte bis 2028 ein Volumen von 103,7 Milliarden US-Dollar erreichen wird.

• Bis 2028 soll der weltweite Markt für das Laden von Elektrofahrzeugen ein Volumen von 103,7 Milliarden US-Dollar erreichen
• Prognostizierte CAGR von 32,1 % in der Ladeinfrastruktur für Elektrofahrzeuge
• Der nordamerikanische Markt wird bis 2026 auf 27,4 Milliarden US-Dollar geschätzt

Erwägen Sie eine internationale Expansion in kanadische und mexikanische Versorgungsmärkte

Internationales Marktpotenzial	Marktgröße
Kanadischer Versorgungsmarkt	38,6 Milliarden US-Dollar
Mexikanischer Versorgungsmarkt	24,3 Milliarden US-Dollar

Entwickeln Sie Beratungsdienste für die Energiewende und die Netztransformation

Der Beratungsmarkt für die Energiewende soll bis 2025 weltweit ein Volumen von 14,2 Milliarden US-Dollar erreichen.

• Wachstumsrate des Marktes für Netztransformationsberatung: 15,6 %
• Potenzielle Umsatzmöglichkeit: 3,7 Millionen US-Dollar im ersten Jahr

Untersuchen Sie die potenzielle vertikale Integration durch Technologie oder Geräteherstellung

Kennzahlen für Fertigungsinvestitionen	Projizierter Wert
Erstinvestition in die Fertigung	22,5 Millionen US-Dollar
Möglicher Jahresumsatz	47,6 Millionen US-Dollar
Geschätzte Kapitalrendite	18.3%

MYR Group Inc. (MYRG) - Ansoff Matrix: Market Penetration

You're looking at how MYR Group Inc. can sell more of its existing services into the markets it already serves. This is about deepening relationships and taking more share from competitors in the core business.

Focusing on the Transmission and Distribution (T&D) utility customer base means securing a larger piece of the existing pie. As of September 30, 2025, the T&D backlog stood at $929.0 million. Work performed under Master Service Agreements (MSAs) already represented approximately 60% of T&D revenue in the second quarter of 2025. Increasing the volume of these MSAs is a direct path to capturing more of that existing work.

The Commercial and Industrial (C&I) segment saw a significant revenue jump in the third quarter of 2025, increasing by $40.8 million compared to the third quarter of 2024, with total C&I revenues reaching $447.0 million. Prioritizing bids on high-margin C&I projects, such as the $90 million data center project secured in Colorado mentioned for Q1 2025 growth, directly builds on this momentum.

Operational efficiency improvements are key to boosting profitability within the C&I segment. The C&I operating income margin reached 4.7% in the first quarter of 2025, which was an improvement over the 3.5% margin reported in the first quarter of 2024. By the second quarter of 2025, this margin had further increased to 5.6%.

Here's a quick look at some of the recent segment performance metrics to frame the market penetration opportunity:

Metric	Segment	Period End	Value
Revenue	C&I	Q3 2025	$447.0 million
Revenue Increase (YoY)	C&I	Q3 2025	$40.8 million
Operating Income Margin	C&I	Q1 2025	4.7%
Operating Income Margin	C&I	Q2 2025	5.6%
T&D Backlog	T&D	Q3 2025	$929.0 million
Distribution Revenue Increase (YoY)	T&D	Q3 2025	$5.2 million

Aggressive pricing on distribution projects targets competitors directly where revenue is already showing upward movement. For instance, in the third quarter of 2025, T&D revenue increased by $21.5 million year-over-year, with distribution projects contributing $5.2 million of that increase. This compares to a $25.1 million increase in distribution revenues seen in the second quarter of 2025. Offering C&I services to existing T&D utility clients for their non-utility facilities is a clear cross-selling play, leveraging established trust to enter adjacent commercial spaces.

• Secure more of the $929.0 million T&D backlog via increased MSA volume.
• Build on the $40.8 million Q3 2025 C&I revenue increase by prioritizing data center bids.
• Target C&I operating income margin improvement from the 4.7% achieved in Q1 2025.
• Leverage distribution revenue increases, such as the $5.2 million growth in Q3 2025, against competitors.

Finance: draft 13-week cash view by Friday.

MYR Group Inc. (MYRG) - Ansoff Matrix: Market Development

You're looking at how MYR Group Inc. (MYRG) can push its existing services into new geographical areas or new customer types. This is Market Development, and given the backdrop of massive infrastructure spending, the timing is key.

Expand the geographic footprint within the US, targeting states with high infrastructure spending forecasts for grid modernization.

The overall US infrastructure investment need between 2024 and 2033 is estimated at $9.1 trillion, with the energy segment getting a D+ grade in the 2025 Report Card, signaling huge work ahead. Specifically, grid modernization, covering transmission and distribution, is projected to require nearly $1.9 trillion through 2033. Also, between 2025 and 2030, the energy sector faces an investment requirement of approximately $1.4 trillion. The federal government has already allocated $65 billion via programs like the Infrastructure Investment and Jobs Act (IIJA) for power infrastructure, including $21.5 billion for the grid. For Q3 2025, MYR Group Inc.'s Transmission and Distribution (T&D) segment brought in $503.4 million in revenue, showing the current scale of work in established territories. States seeing the most grid modernization action as of Q2 2025 include Texas, California, Colorado, Connecticut, Massachusetts, and Michigan. The US transmission system itself is expected to double in size between 2020 and 2050.

Leverage the strong balance sheet to pursue strategic acquisitions that immediately establish a presence in new US utility service territories.

MYR Group Inc.'s scale, evidenced by its trailing twelve-month revenue ending September 30, 2025, of $3.51 Billion USD, provides the financial muscle for acquisitions. The company's total backlog stood at $2.66 billion as of the third quarter of 2025. While specific 2025 acquisition targets aren't public, past activity shows the playbook; for instance, the acquisition of Powerline Plus Companies, which had average annual revenues of approximately $80 million over the two years prior to its January 4, 2022, close, immediately broadened the revenue base. A strong balance sheet allows MYR Group Inc. to deploy capital against smaller, strategic targets to secure immediate entry into utility service territories where organic bidding might take longer to establish a foothold.

Systematically grow the Canadian market presence beyond the existing Powerline Plus base to capture more northern utility and industrial work.

MYR Group Inc.'s Canadian presence is anchored by the Powerline Plus Companies, which previously generated average annual revenues of about $80 million. The Midcontinent Independent System Operator (MISO) region, which includes Manitoba, Canada, shows the scale of the northern market, with MISO managing nearly 79,000 miles of high-voltage transmission across its footprint. To systematically grow beyond the established base, MYR Group Inc. needs to target utility and industrial work in provinces adjacent to or within the MISO footprint, leveraging the design skills and civil solutions brought by the Powerline Plus acquisition. The company's Commercial and Industrial (C&I) segment posted revenues of $447.0 million in Q3 2025, which represents the pool of industrial work that could be expanded north of the border.

Target new customer verticals within the existing C&I segment, specifically focusing on large-scale transportation and airport projects.

The Commercial and Industrial (C&I) segment is a clear avenue for Market Development, having generated $447.0 million in revenue for the third quarter of 2025. Targeting large-scale transportation and airport projects means focusing on infrastructure that requires significant electrical installation, maintenance, and repair services, which are core competencies for MYR Group Inc. subsidiaries. For context, data center electricity consumption alone is projected to be between 224 TWh and over 300 TWh in 2025, indicating the scale of power demand in large, modern facilities that can serve as a proxy for the complexity of new transportation hubs. The C&I segment's backlog at the end of Q1 2025 was $1.77 billion, showing substantial existing work to leverage for these new vertical pursuits.

Bid on multi-billion-dollar transmission projects approved by regional transmission organizations like PJM Interconnection and MISO.

The opportunity in bidding on large regional transmission organization (RTO) projects is substantial. For PJM Interconnection, proposals considered in the 2024 Regional Transmission Expansion Plan (RTEP) Window 1 totaled $5.8 billion in projects being considered to meet reliability needs, with board approval targeted for the first quarter of 2025. PJM itself is responsible for planning over 88,000 miles of transmission lines. MISO, which manages the largest region by geographical scope in North America, has nearly 79,000 miles of high-voltage transmission under its functional control. MYR Group Inc.'s T&D segment revenue for Q3 2025 was $503.4 million, and transmission projects specifically contributed $16.3 million in revenue growth year-over-year for that quarter, demonstrating direct participation in this market. Securing even a fraction of the multi-billion-dollar packages put out by these RTOs represents a significant market development win.

Metric	Value (2025 Data)	Source Context
Trailing Twelve Month Revenue (TTM)	$3.51 Billion USD	As of September 30, 2025
Q3 2025 T&D Segment Revenue	$503.4 million	Quarterly revenue
Q3 2025 C&I Segment Revenue	$447.0 million	Quarterly revenue
Total Backlog	$2.66 billion	As of Q3 2025
Estimated US Grid Modernization Need (through 2033)	Nearly $1.9 trillion	Long-term investment projection
US Energy Infrastructure Investment Need (2025-2030)	Approximately $1.4 trillion	Mid-term investment projection
PJM RTEP Window 1 Projects Considered	$5.8 billion	2024 plan for 2025 approval
Powerline Plus Pre-Acquisition Avg. Annual Revenue	Approximately $80 million	Historical baseline for Canadian expansion

• Grid modernization investment is projected to require nearly $1.9 trillion through 2033.
• The US transmission system is expected to double in size between 2020 and 2050.
• The Department of Energy awarded $1.5 billion for projects adding 7.1 GW capacity.
• PJM manages over 88,000 miles of transmission lines.
• MISO serves approximately 45 million people across 15 U.S. States and one Canadian province.
• C&I segment backlog at the end of Q1 2025 was $1.77 billion.

MYR Group Inc. (MYRG) - Ansoff Matrix: Product Development

You're looking at how MYR Group Inc. can build new offerings on top of its existing business foundation. This is about developing new services for the markets MYR Group Inc. already serves, like its existing Commercial and Industrial (C&I) clients or its Transmission and Distribution (T&D) utility partners.

Here's a look at the financial backdrop for these product development moves, based on the latest reported figures for the third quarter of 2025:

Metric	Q3 2025 Value	Nine Months 2025 Value
Consolidated Revenue	$950.4 million	$2.68 billion
T&D Segment Revenue (Q3)	$503.4 million	T&D Revenue Share: 54.8%
C&I Segment Revenue (Q3)	$447.0 million	C&I Revenue Share: 45.2%
Consolidated Backlog	$2.66 billion	Q3 2025 Net Income: $32.1 million

The Product Development quadrant focuses on creating new services to sell to these established customer bases. You're aiming to increase the value captured per client relationship.

Develop and market specialized services for electric vehicle (EV) charging infrastructure and fleet electrification for existing C&I clients.

• The C&I segment brought in $447.0 million in revenue in Q3 2025.
• This new service layer targets existing C&I customers who already require complex electrical work for facilities like data centers and manufacturing plants.
• The goal is to move beyond standard wiring to offer end-to-end EV charging solutions, from site assessment to final commissioning.

Offer advanced grid hardening and resiliency consulting services to utilities to capitalize on the need for resilient infrastructure.

• The T&D segment, which serves utilities, posted Q3 2025 revenues of $503.4 million.
• This capitalizes on the stated need for resilient infrastructure driving investment across the sector.
• Consulting services represent a higher-margin offering than pure construction work.

Form a dedicated clean energy division to capture more utility-scale solar and energy storage interconnection work, offsetting the Q1 2025 transmission revenue decrease.

• In the first quarter of 2025, T&D revenues were $462 million, representing a 5.8% decrease year-over-year.
• A dedicated division signals a strategic shift to capture more of the clean energy project work already present in the T&D segment's scope.
• The overall backlog entering Q3 2025 stood at $2.66 billion, providing a base for new, specialized clean energy contracts.

Invest in proprietary technology for automated project management and predictive maintenance to offer a premium, high-tech service layer.

• This investment aims to directly improve operational efficiency, building on the Q3 2025 gross margin improvement to 11.8% from 8.7% the prior year.
• A premium service layer allows for higher pricing tiers for clients willing to pay for guaranteed uptime or faster project completion.
• The company achieved record quarterly EBITDA of $62.7 million in Q3 2025, which can fund this internal technology development.

Introduce a full-service design-build offering for substations to capture a larger scope of work from current T&D customers.

• Substation work is a core component of the T&D segment, which generated $503.4 million in Q3 2025.
• Moving from construction-only to design-build captures the higher-margin engineering and design fees upfront.
• This strategy directly supports the goal of enhancing shareholder value through improved profitability.

Finance: draft a sensitivity analysis on the impact of a 10% margin increase on the $2.66 billion backlog by Friday.

MYR Group Inc. (MYRG) - Ansoff Matrix: Diversification

Acquire a specialty contractor in a non-electrical, but adjacent, infrastructure sector like water and wastewater treatment facilities.

The U.S. water and wastewater treatment market size is calculated at USD 68.54 billion in 2025, forecasted to reach around USD 123.76 billion by 2034, expanding at a CAGR of 6.80% from 2025 to 2034. The Environmental Protection Agency (EPA) predicts that drinking water and wastewater treatment infrastructure needs will exceed $744 billion for construction, repairs and expansions over the next 20 years. In 2023, the U.S. market for only drinking water treatment and wastewater systems was estimated to be $4.93 billion. The Bipartisan Infrastructure Law allocated more than $50 billion for water infrastructure of all kinds between 2022 and 2026.

Enter the fiber optic and broadband infrastructure construction market, leveraging existing trenching and utility corridor access.

The U.S. fiber-optic cable market was valued at USD 2.9 billion in 2024, set to grow at a CAGR of 8.3% during 2025-2032, to reach USD 5.3 billion in 2032. The U.S. optic fiber market reached USD 3.1 Billion in 2024 and is expected to reach USD 7.8 Billion by 2033, exhibiting a CAGR of 10.8% during 2025-2033. The U.S. governments Infrastructure Investment and Jobs Act allocated over $65 billion for broadband access by 2024, with a large portion for fiber optic installations. The Broadband Equity, Access, and Deployment (BEAD) program is a factor in this acceleration. As of 2024, fiber optic networks occupied approximately 52% of homes and businesses in the US. In 2023 alone, nine million new fiber installations marked a 13% increase.

Pursue international expansion outside of North America, perhaps targeting a stable European market with high renewable energy investment.

The Europe Renewable Energy Market size reached USD 381.45 billion in 2024, with a projected reach of US$ 1,237.51 billion by 2033, at a CAGR of 13.97% from 2025 to 2033. Another estimate shows the market size reached USD 241.9 Billion in 2024, projected to reach USD 445.0 Billion by 2033, at a CAGR of 7.01% during 2025-2033. The EU targets 42.5% gross final energy consumption from renewables by 2030. Annual spending on EU grids is set to exceed USD 70 billion in 2025. In 2024, renewables generated 50% of electricity used in the EU, with the investment ratio of renewable generation to unabated fossil fuel power at 35:1.

Acquire a firm specializing in industrial process piping or mechanical services to broaden the C&I offering beyond electrical work.

The U.S. Process Piping Market Size was estimated at 139.9 USD Billion in 2024, projected to grow to 223.06 USD Billion by 2035, exhibiting a CAGR of 4.33% during 2025 - 2035. North America holds the largest market share for process piping at approximately 40%. The United States MEP (Mechanical, Electrical, and Plumbing) services market size stands at USD 32.55 billion in 2025. Within the mechanical services market in 2024, Healthcare accounted for 29.1% of the size, while Data centers are rising at an 8.2% CAGR.

Establish a new business unit focused on providing long-term maintenance contracts for large-scale industrial facilities, a new recurring revenue model.

MYR Group Inc. reported total backlog as of September 30, 2025, of $2.66 billion. The Commercial & Industrial (C&I) segment backlog as of September 30, 2025, was $1.73 billion. For the first nine months of 2025, C&I segment revenues were $1.21 billion, an increase of $110.9 million from the first nine months of 2024. The C&I segment operating income margin rose to 4.7% in Q1 2025, up from 3.5% a year ago. MYR Group reported full-year 2024 EBITDA of $117.8 million and a full-year 2024 revenue of $3.36 billion, compared to $3.64 billion in 2023. For the last twelve months ending June 30, 2025, MYR Group achieved total revenue of $3.45 billion.

Metric	MYRG Current (LTM Q3 2025)	Market Data Point	Value
Total Revenue	$3.51 Billion (TTM 2025)	U.S. Water & Wastewater Market Size (2025)	USD 68.54 billion
C&I Revenue (9M 2025)	$1.21 billion	Europe Renewable Energy Market Size (2024)	USD 381.45 billion
Total Backlog (Sep 30, 2025)	$2.66 billion	U.S. Process Piping Market Size (2024)	139.9 USD Billion
Q2 2025 Net Income	$26.5 million	U.S. Fiber Optic Market CAGR (2025-2033)	10.8%

• T&D Segment Revenue (FY 2024): $1.88 billion.
• C&I Segment Revenue (FY 2024): $1.48 billion.
• Q1 2025 Gross Margin: 11.6%.
• Q1 2025 EPS: $1.45.
• T&D Operating Margin Target (2025): 7%-10.5%.
• C&I Operating Margin Target (2025): 4%-6%.