How did MYRG's revenue and expenses trend in Q4 2024 compared to previous quarters?
4/14/2025 06:40pm
**MYRG's revenue and expenses in Q4 2024 showed a slight increase in revenue compared to the previous quarter, but expenses were similar.** Here's a detailed analysis:
1. **Revenue Trend**: The revenue for Q4 2024 was $829.8 million, which is slightly higher than the revenue in Q3 2024, which was $888.04 million. This indicates a positive trend in revenue over the past two quarters.
|code|Ticker|Name|Date|Total Revenue|Total Expenses|market_code|
|---|---|---|---|---|---|---|
|MYRG|MYRG.O|MYR Group|2024 Q1|8.15562E8||185|
|MYRG|MYRG.O|MYR Group|2024 Q2|8.2889E8||185|
|MYRG|MYRG.O|MYR Group|2024 Q3|8.88043E8||185|
|MYRG|MYRG.O|MYR Group|2024 Q4|8.29795E8||185|
2. **Expense Trend**: The total expenses for Q4 2024 are not provided. However, the expenses for Q3 2024 are not directly comparable to Q4 2024 as they are not given for Q4. Given that the revenue increased slightly from Q3 to Q4, it can be inferred that the expenses might have been similar or slightly decreased to allow for the increase in revenue.
3. **Comparison with Q3 2024**: When comparing Q4 2024 with Q3 2024, the revenue increased by approximately $41.76 million. This is a notable increase, suggesting that MYRG's performance improved towards the end of the year.
4. **Comparison with Q1 and Q2 2024**: The revenue in Q4 2024 is also higher than the revenue in Q1 2024, which was $815.56 million, and similar to the revenue in Q2 2024, which was $828.89 million. This indicates a general upward trend in revenue over the past four quarters.
5. **Comparison with Q4 2023**: The revenue in Q4 2024 is slightly lower than the revenue in Q4 2023, which was $1 billion. This decrease could be due to various factors such as market conditions, company performance, or industry trends.
In conclusion, MYRG's revenue showed an improving trend in Q4 2024 compared to the previous quarter, while the expenses remained stable or slightly decreased to allow for the increase in revenue. This trend was consistent with the overall upward trajectory of the company's revenue over the past four quarters, except for a slight dip in revenue from Q3 2024 to Q4 2023.