$MYR Group (MYRG.US)$🎯 2022.3.7.17 The current price is 145...

New data: Post-2022 third quarter and annual report, 2023Q1 quarterly report

In 2022, revenue increased by 20.4%, operating profit shrank by 2.5% due to the decline in gross margin, profit before tax shrank by 1.8%, and net profit shrank by 1.9%.

In 2023Q1, revenue increased 27.5%, operating profit increased 8.5%, pre-tax profit increased 10.8%, and net profit increased 12%.

Currently, the price-earnings ratio is 29.7, and the price-earnings ratio TTM has dropped slightly to 28.7. Although revenue is still growing rapidly, the profit growth rate has declined markedly due to the decline in gross margin, and the current valuation is no longer attractive.