Earnings Call Summary | MYR Group(MYRG.US) Q1 2024 Earnings Conference
Earnings Call Summary | MYR Group(MYRG.US) Q1 2024 Earnings Conference
The following is a summary of the MYR Group Inc. (MYRG) Q1 2024 Earnings Call Transcript:
以下是马币集团公司(MYRG)2024年第一季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
MYR Group's Q1 2024 revenues were $816 million, a slight increase of 0.5% compared to the same period last year.
The operating income margin for the Transmission and Distribution (T&D) segment decreased from 7.4% to 6.1% year-over-year, but for the Commercial & Industrial (C&I) segment, it increased from 2.9% to 3.5%.
The gross margin for Q1 2024 increased to 10.6% from 10.4% in the same period last year due to better productivity and a favorable job closeout.
Net income was $19 million, a decrease from the $23 million reported in the same period last year.
Gross margin in undisclosed joint venture projects improved by about 60 basis points contributing to a favorable effect on the C&I segment.
马吉集团2024年第一季度的收入为8.16亿美元,与去年同期相比略有增长0.5%。
输配电(T&D)板块的营业收入利润率同比下降7.4%至6.1%,但商业与工业(C&I)板块的营业收入利润率从2.9%增长至3.5%。
由于生产率的提高和良好的就业机会,2024年第一季度的毛利率从去年同期的10.4%增至10.6%。
净收入为1900万美元,比去年同期公布的2300万美元有所减少。
未公开的合资项目的毛利率提高了约60个基点,这对C&I板块产生了有利影响。
Business Progress:
业务进展:
Bidding activity across T&D and C&I business segments remains healthy with the company strategically capturing new opportunities.
Delays in certain C&I projects led to a slowdown in growth, with these projects expected to kick off later in 2024.
The company sees ongoing opportunities for the T&D segment, with a shift to clean energy resources and the need for more robust electrical infrastructure.
The company continues to develop and pursue a range of projects across both the U.S. and Canada, including data centers, transportation, and healthcare facilities.
Distribution revenue increased by 20%, with no major shifts in the work released under their Master Service Agreements (MSAs).
Discussions with customers on future projects are ongoing, with no indications yet of project delays due to capital costs.
T&D 和 C&I 业务板块的竞标活动保持良好,公司战略性地抓住了新的机遇。
某些C&I项目的延误导致增长放缓,这些项目预计将于2024年晚些时候启动。
该公司认为,随着向清洁能源的转移以及对更强大的电气基础设施的需求,输配电领域将持续面临机遇。
该公司继续在美国和加拿大开发和开展一系列项目,包括数据中心、交通和医疗设施。
分销收入增长了20%,根据其主服务协议(MSA)发布的工作没有发生重大变化。
与客户就未来项目的讨论仍在进行中,尚无迹象表明项目因资本成本而延迟。
More details: MYR Group IR
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