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EMCOR Group (EME)
NYSE:EME
Holding EME?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$5.76Last Year’s EPS
$4.46Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 7.53%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong positive sentiment with record-breaking growth in revenue and operating income, robust performance across key segments, and increased guidance, despite some challenges in specific areas like U.S. Building Services and the U.K. market.Company Guidance
During the EMCOR Group's third-quarter 2024 earnings call, Tony Guzzi, the Chairman, President, and CEO, outlined the company's updated guidance. EMCOR achieved record revenues of $3.7 billion, reflecting a 15.3% growth from the previous year, and a record operating income of $363.5 million, which marked a 54.7% increase. The company saw a remarkable rise in operating cash flow, reaching $526 million, more than double compared to the previous year. Additionally, the company recorded diluted earnings per share of $5.80, a significant jump from $3.57 in the third quarter of 2023. The company's backlog or remaining performance obligations (RPOs) reached a record $9.8 billion, reflecting a 13.4% increase. For 2024, EMCOR revised its earnings guidance, projecting diluted earnings per share in the range of $20.50 to $21, up from the previous range of $19 to $20, and anticipates achieving revenues of at least $14.5 billion.Record Revenue and Growth
EMCOR achieved record revenues of $3.7 billion, a 15.3% increase from the previous year, with operating income rising by 54.7% to $363.5 million and operating cash flow more than doubling to $526 million.
Strong Segment Performance
The Electrical and Mechanical Construction segments delivered impressive results with operating margins of 14.1% and 12.9%, respectively. The Building Services segment maintained a robust operating margin of 7%.
Significant RPO Growth
Record RPOs reached $9.8 billion, an increase of 13.4% from the prior year, driven by strong demand in sectors such as data centers, high-tech manufacturing, and healthcare.
Data Center and Connectivity Demand
Network and communications RPOs hit a record $2.1 billion, up nearly 55% year-over-year, highlighting the strong demand for hyperscale data center projects.
Increased Earnings Guidance
EMCOR raised its diluted EPS guidance to $20.50 to $21, up from the previous range of $19 to $20, reflecting strong performance and future growth prospects.
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EME Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EME Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $431.77 | $446.07 | +3.31% |
| Jul 25, 2024 | $356.53 | $346.41 | -2.84% |
| Apr 25, 2024 | $338.48 | $348.92 | +3.08% |
| Feb 28, 2024 | $276.94 | $304.86 | +10.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does EMCOR Group (EME) report earnings?
EMCOR Group (EME) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is EMCOR Group (EME) earnings time?
EMCOR Group (EME) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EME EPS forecast?
EME EPS forecast for the fiscal quarter 2024 (Q4) is $5.76.
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