Earnings Call Summary | MYR Group(MYRG.US) Q2 2024 Earnings Conference
Earnings Call Summary | MYR Group(MYRG.US) Q2 2024 Earnings Conference
The following is a summary of the MYR Group Inc. (MYRG) Q2 2024 Earnings Call Transcript:
以下是MYR Group Inc. (MYRG) Q2 2024業績會議要點摘要：
Financial Performance:
金融業績：
MYR Group reported Q2 2024 revenues of $829 million, a decrease of $60 million or 6.7% compared to the same period last year.
Gross margin was 4.9% for Q2 2024, down from 10.1% last year, primarily due to impacts from clean energy projects and higher project costs.
T&D segment revenues decreased by 9% to $458 million, mainly due to reduced revenues from transmission projects.
C&I revenues decreased by 4% to $371 million, impacted by delayed project starts.
Net loss for Q2 2024 was $15 million, with diluted loss per share at $0.91, compared to net income of $22 million in the previous year.
EBITDA was negative $5 million, reflecting a significant decline from $47 million last year.
MYR Group報告Q2 2024年度收入爲82900萬美元，較去年同期減少6000萬美元或6.7%。
Q2 2024年度毛利率爲4.9%，低於去年的10.1%，主要是由於清潔能源項目和項目成本增加的影響。
T&D業務收入下降9%，至45800萬美元，主要是由於輸電項目收入減少。
C&I業務收入下降4%，至37100萬美元，受到項目啓動延遲的影響。
Q2 2024淨虧損爲1500萬美元，每股攤薄虧損爲0.91美元，而上一年度淨利潤爲2200萬美元。
EBITDA爲負500萬美元，較去年的4700萬美元顯著下降。
Business Progress:
業務進展：
MYR Group secured new contracts including a $170 million transportation project in Canada, underlining strong client relations and market presence.
Several Master Service Agreements were awarded in the T&D segment, emphasizing ongoing engagements in substation, transmission, and distribution areas across multiple states.
Despite challenges, ongoing bidding activities and successful project completions indicate robust operations and strategic market engagement.
MYR Group獲得了一些新的合同，包括在加拿大的一項17000萬美元運輸項目，突顯出強大的客戶關係和市場存在。
T&D業務中獲得了幾個主服務協議，強調持續參與多個州的變電站、輸電線路和配電領域。
儘管面臨挑戰，持續投標活動和成功項目完成表明了強大的運營和戰略市場參與。
Opportunities:
機會：
The increasing need for electrical infrastructure to support data centers, notably driven by the rise of artificial intelligence, presents significant growth opportunities.
The U.S. power demand is predicted to require substantial capital investments ($50 billion) for new power capacity by 2030, potentially expanding MYR Group's market opportunities.
支持數據中心所需的電力基礎設施不斷增長，尤其是人工智能的崛起，帶來了重大的增長機遇。
預計到2030年，美國的電力需求將需要大量的資本投資（500億美元）用於新的電力容量，有可能擴大MYR Group的市場機會。
Risks:
風險：
Ongoing operational challenges and cost overruns in clean energy projects, coupled with weather conditions and owner-caused project delays, continue to impact profitability and operational margins.
The T&D segment saw project delays impacting timelines and finances, necessitating negotiations and potential litigation risk.
清潔能源項目持續的運營挑戰和成本超支，加上天氣條件和業主導致的項目延遲，繼續影響着盈利能力和運營利潤率。
T&D業務遇到項目延誤，影響了時間表和財務狀況，需要進行談判和可能的訴訟風險。
More details: MYR Group IR
更多細節：MYR Group IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。