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EMCOR Group, Inc. (EME)
:EME
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
4.63Last Year’s EPS
4.17Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 2.73%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
EMCOR Group experienced a strong 2024 with record financial performance, significant revenue growth, successful acquisitions, and substantial returns to shareholders. However, the company also faced challenges related to supply chain issues, competition, and potential macroeconomic and tariff-related risks. Despite these challenges, the company's strategic acquisitions and strong market demand, particularly in construction segments, position it well for future growth.Company Guidance
During the EMCOR Group, Inc. fourth quarter and full year 2024 earnings call, the company provided robust guidance for 2025, projecting revenues between $16.1 billion and $16.9 billion, inclusive of their recent acquisition of Miller Electric Company. Despite challenges such as ongoing supply chain issues and potential macroeconomic headwinds, EMCOR anticipates diluted earnings per share to range from $22.25 to $24.00. The company reported record performance in 2024 with a 15.8% year-over-year revenue growth to $14.6 billion, while diluted earnings per share increased to $21.52. Operating income reached $1.3 billion, with an operating margin of 9.2% and operating cash flow totaling $1.4 billion. For the fourth quarter of 2024 alone, EMCOR achieved $3.77 billion in revenues with a 9.6% year-over-year increase, alongside a 10.3% operating margin. The company also highlighted its strong balance sheet, with RPOs growing 14% year over year to $10.1 billion, and emphasized its disciplined capital allocation strategy, including $230 million spent on acquisitions and $543 million returned to shareholders through dividends and share repurchases.Record Performance in Q4 2024
Q4 2024 saw record performance across financial metrics including diluted EPS of $6.32, operating income of $389 million, and revenues of $3.77 billion, marking a 9.6% year-over-year increase.
Full Year 2024 Financial Achievements
For 2024, revenues reached $14.6 billion, a 15.8% increase year-over-year, with diluted EPS of $21.52 and operating income of $1.3 billion.
RPO Growth
EMCOR exited 2024 with RPO growth of 14%, totaling $10.1 billion, with the recent Miller acquisition adding $700 million to RPOs.
Successful Acquisition Strategy
Completed seven acquisitions in 2024 totaling $230 million, enhancing growth and diversification, with the notable acquisition of Miller Electric Company.
Strong Performance in Construction Segments
US Electrical and Mechanical Construction segments saw revenue increases of 22% and 12.8%, respectively, driven by strong demand in data centers and healthcare.
Shareholder Returns
Returned $43 million in dividends and $500 million in share repurchases to shareholders in 2024.
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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 |
|---|---|---|---|
| Feb 26, 2025 | $398.03 | $420.88 | +5.74% |
| Oct 31, 2024 | $431.55 | $445.85 | +3.31% |
| Jul 25, 2024 | $356.36 | $346.24 | -2.84% |
| Apr 25, 2024 | $338.31 | $348.75 | +3.09% |
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, Inc. (EME) report earnings?
EMCOR Group, Inc. (EME) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is EMCOR Group, Inc. (EME) earnings time?
EMCOR Group, Inc. (EME) earnings time is at Apr 24, 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 2025 (Q1) is 4.63.
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