MYRG on Nasdaq

MYR GROUP INC.

In its 2026 annual report the company says: “We are a holding company of specialty electrical construction service providers that was established in 1995 through the merger of long-standing specialty contractors. Through our subsidiaries, we serve the electric utility infrastructure, commercial and industrial construction markets. Our operations are currently conducted through wholly-owned subsidiaries.”4 It is headquartered in Thornton, Colorado.1 Its shares trade on Nasdaq under the symbol MYRG.1

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Last updated Oct 21, 2026.

Overview

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  • TickerMYRG on Nasdaq1
  • IndustryWater, Sewer, Pipeline, Comm & Power Line Construction1
  • HeadquartersThornton, Colorado1
  • Incorporated inDE2
  • Business address12121 Grant Street, Suite 610, Thornton, Co 802412
  • Filer categoryLarge accelerated filer2

We are a holding company of specialty electrical construction service providers that was established in 1995 through the merger of long-standing specialty contractors. Through our subsidiaries, we serve the electric utility infrastructure, commercial and industrial construction markets. Our operations are currently conducted through wholly-owned subsidiaries. We primarily provide electrical construction services through a network of local offices located throughout the United States and Canada. We provide a broad range of services, including design, engineering, procurement, construction, upgrade, maintenance and repair services, with a particular focus on construction, maintenance and repair.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

11.6%Gross margin5
4.6%Operating margin5
3.2%Net margin5
8.8%Revenue growth, 20255
17.9%Return on equity5
0.08×Debt to equity5
$232.2MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Transmission And Distribution brought in 55% of the revenue MYR GROUP INC. broke down this way in fiscal 2025.

  1. Transmission And Distribution$2.0B555%up 6% from 2024
  2. Commercial and Industrial$1.7B545%up 12% from 2024
Business segments by year
Business segments202320242025
Transmission And Distribution$2.1B$1.9B$2.0B
Commercial and Industrial$1.6B$1.5B$1.7B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue88¢$3.2B
  • Selling, general and admin7¢$256.4M
  • Interest0¢$5.6M
  • Income tax1¢$42.9M
  • Profit3¢$118.4M

Out of $3.7B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending29¢$94.4M
  • Share buybacks23¢$75.0M
  • Kept or used elsewhere48¢$157.2M

Out of $326.6M of cash from operations.5

Financial statements

Revenue67895$3.7B in 2025+77% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $2.1B$2.1B20192020: $2.2B$2.2B2020+9%2021: $2.5B$2.5B2021+11%2022: $3.0B$3.0B2022+20%2023: $3.6B$3.6B2023+21%2024: $3.4B$3.4B2024−8%2025: $3.7B$3.7B2025+9%
Gross profit67895$423.8M in 2025+98% since 2019
0$200.0M$400.0M$600.0M2019: $214.2M$214.2M20192020: $275.9M$275.9M2020+29%2021: $325.0M$325.0M2021+18%2022: $344.0M$344.0M2022+6%2023: $364.4M$364.4M2023+6%2024: $290.3M$290.3M2024−20%2025: $423.8M$423.8M2025+46%
Operating income67895$166.9M in 2025+192% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $57.2M$57.2M20192020: $86.5M$86.5M2020+51%2021: $118.6M$118.6M2021+37%2022: $114.9M$114.9M2022−3%2023: $129.1M$129.1M2023+12%2024: $54.1M$54.1M2024−58%2025: $166.9M$166.9M2025+209%
Net income67895$118.4M in 2025+214% since 2019
0$50.0M$100.0M$150.0M2019: $37.7M$37.7M20192020: $58.8M$58.8M2020+56%2021: $85.0M$85.0M2021+45%2022: $83.4M$83.4M2022−2%2023: $91.0M$91.0M2023+9%2024: $30.3M$30.3M2024−67%2025: $118.4M$118.4M2025+291%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Contract revenues$3.7B$3.4B$3.6B
Contract costs$3.2B$3.1B$3.3B
Gross profit$423.8M$290.3M$364.4M
Selling, general and administrative expenses$256.4M$238.2M$234.6M
Amortization of intangible assets$4.8M$4.9M$4.9M
Gain on sale of property and equipment-$4.3M-$6.9M-$4.2M
Income from operations$166.9M$54.1M$129.1M
Interest income$723.0K$415.0K$888.0K
Interest expense-$5.6M-$6.5M-$4.9M
Other expense, net-$663.0K-$1.5M-$38.0K
Income before provision for income taxes$161.3M$46.5M$125.0M
Income tax expense$42.9M$16.2M$34.0M
Net income$118.4M$30.3M$91.0M
Basic (in dollars per share)$7.57$1.84$5.45
Diluted (in dollars per share)$7.53$1.83$5.40
Basic (in shares)15.6M shares16.5M shares16.7M shares
Diluted (in shares)15.7M shares16.5M shares16.8M shares
Foreign currency translation adjustment$4.5M-$8.8M$2.4M
Other comprehensive income (loss)$4.5M-$8.8M$2.4M
Total comprehensive income$122.9M$21.5M$93.4M

Compare MYR GROUP INC. with another company

Corporate structure

MYR GROUP INC. sits at the top of its group. 10 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of MYR GROUP INC.

  • MYR GROUP INC. Thornton, Colorado
    • 10. Subsidiary · Delaware, United States
    • 11. Subsidiary · Delaware, United States
    • 12. Subsidiary · British Columbia, Canada
    • 13. Subsidiary · British Columbia, Canada
    • 14. Subsidiary · Ontario, Canada
    • 15. Subsidiary · Michigan, United States
    • 16. Subsidiary · Delaware, United States
    • 17. Subsidiary · Delaware, United States
    • 18. Subsidiary · British Columbia, Canada

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What MYR GROUP INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$720.3M5 Dec 31, 2025$665.4M5 Dec 31, 2024+8.2%
Finance-lease assets$1.9M5 Dec 31, 2025$3.2M5 Dec 31, 2024−40.6%
Operating-lease assets (leased space)$42.4M5 Dec 31, 2025$42.6M5 Dec 31, 2024−0.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$150.2M5 Dec 31, 2025$3.5M5 Dec 31, 2024+4234.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$115.3M5 Dec 31, 2025$113.0M5 Dec 31, 2024+2.0%
Intangible assets, net (excluding goodwill)$72.5M5 Dec 31, 2025$75.7M5 Dec 31, 2024−4.2%
Accumulated amortization$40.0M5 Dec 31, 2025$34.6M5 Dec 31, 2024+15.6%
Finite-lived intangibles, net$38.5M5 Dec 31, 2025$42.0M9 Dec 31, 2024−8.3%

Properties, in its own words

Our principal executive offices are located at 12121 Grant Street, Suite 610, Thornton, Colorado 80241, the lease term of which expires on November 30, 2029. In addition to our executive offices, certain legal, accounting and other personnel are located in this building. As of December 31, 2025, we owned 19 operating facilities and leased many other properties in various locations throughout our service territories. Most of our properties are used as operational offices or for fleet operations. We believe that our facilities are adequate for our current operating needs. We do not believe that any owned or leased facility is material to our operations and, if necessary, we could obtain replacement facilities for our leased facilities.

Item 2 of the 10-K filed Feb 25, 2026.4

Leadership

Who has led MYR GROUP INC., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (25)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 10. Delaware, U.S.3
  • 11. Delaware, U.S.3
  • 12. British Columbia, Canada3
  • 13. British Columbia, Canada3
  • 14. Ontario, Canada3
  • 15. Michigan, U.S.3
  • 16. Delaware, U.S.3
  • 17. Delaware, U.S.3
  • 18. British Columbia, Canada3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • MYR GROUP INCNov 5, 1996 to Jan 9, 20092
  • MYERS L E CO GROUPOct 24, 1995 to Mar 25, 19962

Timeline

  1. Sep 10, 20268-K Entered a material agreement; New debt or obligation49
  2. Aug 7, 20268-K Regulation FD disclosure50
  3. Jul 29, 20268-K Results of operations51
  4. May 28, 20268-K Regulation FD disclosure52
  5. May 27, 20268-K Regulation FD disclosure; Other events53
  6. May 14, 20268-K Regulation FD disclosure54
  7. Apr 29, 20268-K Results of operations55
  8. Apr 28, 20268-K Shareholder vote56
  9. Mar 3, 20268-K Regulation FD disclosure57
  10. Feb 25, 20268-K Results of operations58
  11. Nov 10, 20258-K Regulation FD disclosure59
  12. Oct 29, 20258-K Results of operations60
  13. Mar 9, 2017New chief executive Richard S. Swartz Jr. becomes CEO13
  14. Aug 11, 2008New chief executive William A. Koertner becomes CEO14

Calendar

Coming up

  1. Oct 28, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $2.05 a share, on Oct 29, 2025.61

When it reported results

  1. Jul 29, 2026Reported quarterly or annual results51
  2. Apr 29, 2026Reported quarterly or annual results55
  3. Feb 25, 2026Reported quarterly or annual results58
  4. Oct 29, 2025Reported quarterly or annual results60
  5. Jul 30, 2025Reported quarterly or annual results62
  6. Apr 30, 2025Reported quarterly or annual results63
  7. Feb 26, 2025Reported quarterly or annual results64
  8. Oct 30, 2024Reported quarterly or annual results65

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

261 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 61 major events, 136 insider forms, 22 large holders, 22 other. The latest 20:

  1. Sep 10, 20268-K EDGAR
  2. Sep 4, 20264 PRIMARY DOCUMENT EDGAR
  3. Aug 7, 20268-K EDGAR
  4. Jul 31, 2026SCHEDULE 13G EDGAR
  5. Jul 29, 202610-Q EDGAR
  6. Jul 29, 20268-K EDGAR
  7. Jun 4, 20264 PRIMARY DOCUMENT EDGAR
  8. Jun 4, 20264 PRIMARY DOCUMENT EDGAR
  9. Jun 2, 2026144 EDGAR
  10. Jun 2, 2026144 EDGAR
  11. Jun 2, 20264 PRIMARY DOCUMENT EDGAR
  12. Jun 2, 20264 PRIMARY DOCUMENT EDGAR
  13. Jun 1, 2026144 EDGAR
  14. Jun 1, 2026144 EDGAR
  15. May 28, 20268-K EDGAR
  16. May 27, 20268-K EDGAR
  17. May 15, 2026SCHEDULE 13G/A EDGAR
  18. May 14, 20268-K EDGAR
  19. Apr 30, 2026SCHEDULE 13G EDGAR
  20. Apr 29, 20264 PRIMARY DOCUMENT EDGAR

The 261 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

38 open-market trades by officers, directors and large owners since October 2021: 4 buys and 34 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 3, 2026LUCKY DONALD C.I.DirectorSale14,675$449.52$6.6MForm 4
Jun 3, 2026Hartwick Kenneth MichaelDirectorSale3,500$450.50$1.6MForm 4
Jun 1, 2026Huntington Kelly MichelleSenior VP and CFOSale2,000$457.66$915.3KForm 4
Jun 1, 2026O'Connor ShirinDirectorSale3,159$447.19$1.4MForm 4
Nov 4, 2025Egan Don A.SVP and COO C&ISale2,900$233.40$676.9KForm 4
Mar 4, 2025Favreau Bradley ThedeDirectorBuy835$119.60$99.9KForm 4
Sep 9, 2024Huntington Kelly MichelleSenior VP and CFOBuy500$88.64$44.3KForm 4
Aug 27, 2024Favreau Bradley ThedeDirectorBuy1,005$99.70$100.2KForm 4
Aug 9, 2024Huntington Kelly MichelleSenior VP and CFOBuy2,000$99.51$199.0KForm 4
Aug 23, 2023Swartz Richard S. Jr.President and CEOSale18,000$143.21$2.6MForm 4
Aug 15, 2023FRY WILLIAMSVP, CLO and SecretarySale3,500$145.05$507.7KForm 4
Mar 28, 2023Swartz Richard S. Jr.President and CEOSale18,110$118.91$2.2MForm 4
Mar 28, 2023MOORE MAURICE E.DirectorSale996$120.00$119.5KForm 4
Mar 27, 2023Swartz Richard S. Jr.President and CEOSale9,890$119.09$1.2MForm 4
Mar 27, 2023MOORE MAURICE E.DirectorSale9,004$119.21$1.1MForm 4
Mar 27, 2023WYNN BETTY R.Senior VPSale2,787$119.09$331.9KForm 4
Mar 7, 2023Lowry Jennifer ElaineDirectorSale2,000$121.79$243.6KForm 4
Mar 7, 2023Waneka Jeffrey J.SVP and COO C&ISale12,000$121.00$1.5MForm 4
Feb 28, 2023FRY WILLIAMSVP, CLO and SecretarySale14,400$122.44$1.8MForm 4
Feb 27, 2023WYNN BETTY R.Senior VPSale12,960$119.05$1.5MForm 4

All 38 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Richard S. SwartzPresident and Chief Executive Officer$941.5K$6.4M74
2025Kelly M. HuntingtonSenior Vice President, Chief Financial Officer$523.1K$2.1M74
2025Brian K. SternSenior Vice President, Chief Operating Officer T&D$480.8K$2.0M74
2025Don A. EganSenior Vice President, Chief Operating Officer C&I$473.8K$1.9M74
2025William F. FrySenior Vice President, Chief Legal Officer and Secretary$474.2K$1.9M74
2024Richard S. SwartzPresident and Chief Executive Officer$923.6K$4.3M74
2024Kelly M. HuntingtonSenior Vice President, Chief Financial Officer$494.6K$1.5M74
2024William F. FrySenior Vice President, Chief Legal Officer and Secretary$457.5K$1.3M74
2024Brian K. SternSenior Vice President, Chief Operating Officer T&D$451.9K$1.3M74
2024Don A. EganSenior Vice President, Chief Operating Officer C&I$420.6K$1.3M74
2023Richard S. SwartzPresident and Chief Executive Officer$870.0K$4.6M74
2023Kelly M. HuntingtonSenior Vice President, Chief Financial Officer$423.1K$1.7M74
2023William F. FrySenior Vice President, Chief Legal Officer and Secretary$426.2K$1.3M74
2023Don A. EganSenior Vice President, Chief Operating Officer C&I$378.6K$1.2M74

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.2,462,617$1.2B0.0%+49,451
Vanguard Portfolio Management LLC831,902$416.3M0.0%+322,246
Vanguard Capital Management LLC689,324$344.9M0.0%+2,820
State Street Corp625,221$312.9M0.0%+29,510
Geode Capital Management, LLC564,958$282.7M0.0%+131,125
Fisher Asset Management, LLC474,309$237.3M0.1%−46,837
Dimensional Fund Advisors LP340,742$170.5M0.0%−35,433
Massachusetts Financial Services Co /ma/323,186$161.7M0.1%+49,819
American Century Companies Inc322,612$161.4M0.1%+122,593
Wellington Management Group Llp318,333$159.3M0.0%−325,995
First Trust Advisors LP293,826$147.0M0.1%+90,094
Fuller & Thaler Asset Management, Inc.286,686$143.5M0.4%New
Invesco Ltd.283,703$142.0M0.0%+19,780
Nomura Asset Management International Inc.281,264$140.7M0.2%−89,976
Goldman Sachs Group Inc252,778$126.5M0.0%−49,774
Morgan Stanley226,244$113.2M0.0%+18,122
Charles Schwab Investment Management Inc209,643$104.9M0.0%−6,778
Ameriprise Financial Inc180,928$90.5M0.0%+75,833
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC179,485$89.8M0.0%−2,580
Northern Trust Corp173,763$87.0M0.0%−3,621
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.169,132$84.6M0.1%+12,672
Capital World Investors158,392$79.3M0.0%−60,783
Westwood Holdings Group Inc157,134$78.6M0.6%−51,478
Hawk Ridge Capital Management LP156,745$78.4M2.6%+26,800
Arrowstreet Capital, Limited Partnership141,442$70.8M0.0%+40,370

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How MYR GROUP INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMYR GROUP INC.1
  • CIK0000700923
  • Employer ID (EIN)36-31586434
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)1623 Water, Sewer, Pipeline, Comm & Power Line Construction1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address12121 Grant Street, Suite 610, Thornton, CO 802411
  • Phone30328680001
  • Shares outstanding15,569,250 as of Jul 24, 202611
  • Public float$2.4B as of Jun 30, 20254
  • AuditorCrowe LLP, Oakbrook Terrace, Illinois PCAOB ID 173; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceApr 4, 19951
  • Filings1,177 in all: 4 (610), 8-K (197), SC 13G/A (80), 10-Q (70), 3 (31), SC 13G (28), DEF 14A (23), 10-K (22)1
    All 44 form types

    UPLOAD (12), 144 (8), ARS (8), S-8 (8), DEFA14A (7), CORRESP (6), S-1/A (6), PRE 14A (5), 424B3 (4), 5 (4), 8-K/A (4), SC 14D1/A (4), SCHEDULE 13G/A (4), 4/A (3), DFAN14A (3), EFFECT (3), REGDEX (3), SCHEDULE 13G (3), POS AM (2), PREC14A (2), SC 13D/A (2), 10-K/A (1), 10-K405 (1), 15-12B (1), 424B1 (1), 8-A12B (1), 8-A12B/A (1), 8-A12G (1), CERTNAS (1), DEFS14A (1), PRER14A (1), PRES14A (1), S-1 (1), SC 14D1 (1), SC 14D9 (1), U-6B-2 (1)

  • Latest filingsAnnual report (10-K) Feb 25, 2026
    Quarterly report (10-Q) Jul 29, 2026
    Proxy statement (DEF 14A) Mar 4, 2026
    Latest 8-K (8-K) Sep 10, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par valueMYRGThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks MYR GROUP INC. names in Item 1A of its 10-K filed Feb 25, 2026: 32 risks under these headings, as written.4

  • Industry & Market Risks
  • Our operating results may vary significantly from period to period.
  • Our industry is highly competitive.
  • Negative economic and market conditions including tariffs and inflation on materials, interest rates and recessionary conditions have in the past and may in the future adversely impact our customers’ spending and, as a result, our operations and growth.
  • New Project and Growth Risks
  • We may be unsuccessful in generating internal growth, which could impact the projects available to the Company.
  • Our inability to successfully execute or integrate acquisitions or joint ventures may have an adverse impact on our growth strategy and business.
  • Business and Operating Risks
  • Project performance issues, including those caused by third parties, or certain contractual obligations have in the past and may in the future result in additional costs to us, reductions or delays in revenues or the payment of penalties, including liquidated damages.
  • We may be unable to attract and retain qualified personnel.
  • The timing of new contracts and termination of existing contracts may result in unpredictable fluctuations in our cash flows and financial results.
  • During the ordinary course of our business, we have in the past and may in the future become subject to lawsuits or indemnity claims.
The other 23 risks
  • Backlog may not be realized or may not result in profits and may not accurately represent future revenue.
  • Our insurance has limits and exclusions that may not fully indemnify us against certain claims or losses, including claims resulting from wildfires or other natural disasters and an increase in cost, or the unavailability or cancellation of third-party insurance coverages would increase our overall risk exposure and could disrupt our operations and reduce our profitability.
  • Risks associated with operating in the Canadian market could impact our profitability.
  • Changes in tax laws or our interpretations of tax laws could materially impact our tax liabilities.
  • The nature of our business exposes us to potential liability for warranty claims and faulty engineering, which may reduce our profitability.
  • Pandemic outbreaks of disease, such as the COVID-19 pandemic, have in the past had and may in the future have an adverse impact on our business, employees, liquidity, financial condition, results of operations and cash flows.
  • Third Party Partner Risks
  • Our dependence on customers, suppliers, subcontractors and equipment manufacturers has in the past and may in the future expose us to the risk of loss in our operations.
  • Our participation in joint ventures and other projects with third parties may expose us to liability for failures of our partners.
  • Regulatory and Environmental Risks
  • Legislative or regulatory actions relating to utility, electricity transmission, clean energy or our business activities may impact demand for our services.
  • We have in the past and may in the future incur liabilities and suffer negative financial or reputational impacts relating to occupational health and safety matters, including those related to environmental hazards such as wildfires and other natural disasters.
  • Our failure to comply with environmental and other laws and regulations could result in significant liabilities.
  • Our business may be affected by seasonal and other variations, including severe weather conditions and the nature of our work environment.
  • Opportunities associated with government contracts could lead to increased governmental regulation applicable to us.
  • We are subject to risks associated with climate change including financial risks and physical risks such as an increase in extreme weather events (such as floods, wildfires or hurricanes), rising sea levels and limitations on water availability and quality.
  • Accounting Risks
  • Our use of percentage-of-completion accounting could result in a reduction or reversal of previously recognized revenues and profits.
  • Our financial results are based upon estimates and assumptions that may differ from actual results.
  • Pricing and Cost Risks
  • Our actual costs may be greater than expected in performing our fixed-price and unit-price contracts.
  • An increase in the cost or availability for items such as materials, parts, commodities, equipment and tooling may also be impacted by trade regulations, tariffs, global relations, wars, taxes, transportation costs and inflation which could adversely affect our business.
  • Capital and Credit Risks
  • We may not be able to compete for, or work on, certain projects if we are not able to obtain necessary bonds, letters of credit, bank guarantees or other financial assurances.
  • Unfavorable developments affecting the banking and financial services industry could adversely affect our business, liquidity and financial condition and overall results of operations.
  • Employee Risks
  • Work stoppages or other labor issues with our unionized workforce could adversely affect our business, and we may be subject to unionization attempts.
  • Multi-employer pension plan obligations related to our unionized workforce could adversely impact our earnings.
  • Cybersecurity and Information Technology Risks
  • We rely on information, communications and data systems in our operations and we or our business partners may be subject to failures, interruptions or breaches of such systems, which could affect our operations or our competitive position, expose sensitive information or damage our reputation.

Legal proceedings

We are, from time to time, party to lawsuits, claims and other legal proceedings that arise in the ordinary course of business. These actions typically seek, among other things, compensation for alleged personal injury, breach of contract and/or property damages, punitive damages, civil and criminal penalties or other losses, or injunctive or declaratory relief. With respect to all such lawsuits, claims and proceedings, we record reserves when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. We do not believe that any of these proceedings, separately or in aggregate, would be expected to have a material adverse effect on our financial position, results of operations, or cash flows.

We are routinely subject to other civil claims, litigation and arbitration, and regulatory investigations arising in the ordinary course of our past and present businesses as well as in respect of our divested businesses. Some of these include claims related to our services and operations, and we believe that we have strong defenses to these claims as well as insurance coverage that will contribute to any settlement or liability in the event these claims are not resolved in our favor. These claims have not had a material impact on us to date, and we believe the likelihood that a future material adverse outcome will result from these claims is remote. However, if facts and circumstances change in the future, we cannot be certain that an adverse outcome of one or more of these claims would not have a material adverse effect on our financial condition, results of operations, or cash flows.

The opening of Item 3, Legal Proceedings.4

Sources

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  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74