As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the construction and maintenance services industry, including MYR Group (NASDAQ:MYRG) and its peers.

Construction and maintenance services companies not only boast technical know-how in specialized areas but also may hold special licenses and permits. Those who work in more regulated areas can enjoy more predictable revenue streams - for example, fire escapes need to be inspected every five years–. More recently, services to address energy efficiency and labor availability are also creating incremental demand. But like the broader industrials sector, construction and maintenance services companies are at the whim of economic cycles as external factors like interest rates can greatly impact the new construction that drives incremental demand for these companies’ offerings.

The 13 construction and maintenance services stocks we track reported a mixed Q4. As a group, revenues missed analysts’ consensus estimates by 0.9% while next quarter’s revenue guidance was in line.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 8.3% since the latest earnings results.

MYR Group (NASDAQ:MYRG)

Constructing electrical and phone lines in the American Midwest dating back to the 1890s, MYR Group (NASDAQ:MYRG) is a specialty contractor in the electrical construction industry.

MYR Group reported revenues of $829.8 million, down 17.4% year on year. This print fell short of analysts’ expectations by 6.6%, but it was still a satisfactory quarter for the company with a solid beat of analysts’ EPS estimates but a miss of analysts’ backlog estimates.

Management CommentsRick Swartz, MYR’s President and CEO, said, “We finished 2024 with our fourth quarter performance showing overall improvement compared to the third quarter. A steady backlog of $2.58 billion reflects a healthy bidding environment and the continued investment in infrastructure to meet growing electrification demands across the U.S. and Canada.”

MYR Group delivered the slowest revenue growth of the whole group. The stock is down 8.6% since reporting and currently trades at $115.01.

Is now the time to buy MYR Group? Access our full analysis of the earnings results here, it’s free.

Best Q4: Construction Partners (NASDAQ:ROAD)

Founded in 2001, Construction Partners (NASDAQ:ROAD) is a civil infrastructure company that builds and maintains roads, highways, and other infrastructure projects.

Construction Partners reported revenues of $561.6 million, up 41.6% year on year, outperforming analysts’ expectations by 9.7%. The business had an incredible quarter with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Construction Partners delivered the biggest analyst estimates beat, fastest revenue growth, and highest full-year guidance raise among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 16% since reporting. It currently trades at $71.24.

Is now the time to buy Construction Partners? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Concrete Pumping (NASDAQ:BBCP)

Going public via SPAC in 2018, Concrete Pumping (NASDAQ:BBCP) is a provider of concrete pumping and waste management services in the United States and the United Kingdom.

Concrete Pumping reported revenues of $86.45 million, down 11.5% year on year, falling short of analysts’ expectations by 4.8%. It was a disappointing quarter as it posted a significant miss of analysts’ adjusted operating income estimates.

As expected, the stock is down 5.3% since the results and currently trades at $5.73.

Read our full analysis of Concrete Pumping’s results here.

APi (NYSE:APG)

Started in 1926 as an insulation contractor, APi (NYSE:APG) provides life safety solutions and specialty services for buildings and infrastructure.

APi reported revenues of $1.86 billion, up 5.8% year on year. This number topped analysts’ expectations by 1.2%. Aside from that, it was a mixed quarter as it also produced a narrow beat of analysts’ organic revenue estimates but EBITDA guidance for next quarter missing analysts’ expectations.

The stock is down 8.7% since reporting and currently trades at $36.62.

Read our full, actionable report on APi here, it’s free.

Great Lakes Dredge & Dock (NASDAQ:GLDD)

Founded as Lydon & Drews dredging company, Great Lakes Dredge & Dock (NASDAQ:GLDD) provides dredging services, land reclamation, and coastal protection projects in the United States and internationally.

Great Lakes Dredge & Dock reported revenues of $202.8 million, up 11.6% year on year. This print lagged analysts' expectations by 4%. Zooming out, it was actually a strong quarter as it recorded an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

The stock is down 21.4% since reporting and currently trades at $8.65.

Read our full, actionable report on Great Lakes Dredge & Dock here, it’s free.

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