EMCOR Group, Inc. ( (EME) ) has released its Q4 earnings. Here is a breakdown of the information EMCOR Group, Inc. presented to its investors.
EMCOR Group, Inc. is a Fortune 500 company specializing in mechanical and electrical construction services, industrial and energy infrastructure, and building services. The company operates primarily in the United States and the United Kingdom.
EMCOR Group, Inc. reported record-breaking financial results for the fourth quarter and full year of 2024, with revenues reaching $3.77 billion for the quarter and $14.57 billion for the year. The company also achieved record diluted earnings per share (EPS) of $6.32 for the quarter and $21.52 for the full year.
Key highlights from the report include a 15.8% increase in full-year revenues compared to 2023, driven by strong demand across various market sectors. The company’s operating income for 2024 was $1.34 billion, reflecting a significant growth of 53.6% year-over-year. EMCOR’s U.S. Mechanical Construction segment saw a remarkable 26.2% revenue growth, while the U.S. Electrical Construction segment experienced a 20.1% increase.
Looking forward, EMCOR Group, Inc. projects 2025 revenues to be between $16.1 billion and $16.9 billion, with diluted EPS expected to range from $22.25 to $24.00. The company remains optimistic about its future prospects, supported by a strong project pipeline and recent strategic acquisitions.
EMCOR’s management expressed confidence in sustaining growth and executing complex projects, with a focus on organic growth and strategic acquisitions. The company also announced an increase in its share repurchase program by $500 million, reflecting its commitment to returning capital to shareholders.