MYR Group Inc (MYRG) Q3 2024 Earnings Call Transcript Summary
MYR Group Inc (MYRG) Q3 2024 Earnings Call Transcript Summary
T&D segment's operating income margin was 3.6%, a decrease primarily due to losses on clean energy projects.The following is a summary of the MYR Group Inc (MYRG) Q3 2024 Earnings Call Transcript:
以下是MYR集團股份有限公司（MYRG）2024年第三季度業績會文本摘要：
Financial Performance:
金融業績：
Revenue for Q3 2024 was $888 million, a decrease of 5.5% from the previous year.
Gross margin decreased to 8.7% from 9.8% last year, primarily due to unfavorable impacts from certain projects.
T&D segment's operating income margin was 3.6%, a decrease primarily due to losses on clean energy projects.
C&I operating income margin improved to 5% from 3.6% due to higher margins on nearing completion projects and a favorable change order.
Net income was $11million, down from $22 million the previous year, with earnings per share of $0.65 compared to $1.28.
Third quarter EBITDA was $37 million, down from $47 million in the same period last year.
2024年第三季度營業收入爲88800萬美元，比去年同期下降了5.5%。
毛利率由去年的9.8%下降至8.7%，主要是由於某些項目產生了不利影響。
輸變電部門的營業利潤率爲3.6%，主要是由於清潔能源項目的虧損而下降。
工商業務部門的營業利潤率從3.6%提高到5%，主要是由於即將完工項目的利潤較高和有利的變更訂單。
淨利潤爲1100萬美元，低於去年的2200萬美元，每股收益爲0.65美元，相比1.28美元下降。
第三季度EBITDA爲3700萬美元，低於去年同期的4700萬美元。
Business Progress:
業務進展：
Secured a $100 million replacement passenger terminal design-build project for Hollywood Burbank Airport.
Execution of high-margin storm response work and secured new MSA contracts strengthen the T&D segment.
Continued growth in core markets like healthcare and transportation.
獲得了好萊塢伯班克機場10000萬美元的替代乘客航站樓設計建設項目。
執行高利潤暴風雨應對工作，並獲得新的MSA合同，加強了輸電業務板塊。
在醫療保健和運輸等核心市場持續增長。
Opportunities:
機會：
Expansion opportunities in clean energy, given the high projected T&D capex by utilities.
Strong market presence and new bidding activities indicate potential for substantial growth in electrification-related projects.
考慮到公用事業公司高預計的輸電資本支出，拓展清潔能源領域的機會。
強大的市場影響力和新的投標活動表明在與電氣化相關的項目中具有潛在的可觀增長。
Risks:
風險：
Continued impacts from unfavorable weather and client-related issues on specific clean energy T&D projects which are affecting margins and project timelines.
Economic dependency on project completions and cash flow timings, influenced by ongoing market and operational risk.
不利天氣和客戶相關問題持續影響特定清潔能源輸電項目，影響利潤和項目進度。
經濟依賴於項目完成和現金流時機，受持續市場和運營風險影響。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。
