EMCOR Group, Inc. (EME) is scheduled to report fourth-quarter 2023 results on Feb 28, before the opening bell.In the last reported quarter, its earnings surpassed the Zacks Consensus Estimate by 33.2% and rose 67.1% from a year ago. Revenues also increased 13.5% year over year and topped the consensus mark by 1.9%.This specialty contracting services provider surpassed earnings estimates in each of the trailing four quarters with an average of 25%.Earnings & Revenue ExpectationsThe Zacks Consensus Estimate f ...

Emcor Group (EME) shares rallied 4.1% in the last trading session to close at $269.72. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 17.6% gain over the past four weeks.EME is improving on strength in the combined U.S. Construction segments and the U.S. Building Services segment, backed by solid end-market demand as well as top-tier execution initiatives.This construction and maintenance company is expected ...

NORWALK, Conn.--(BUSINESS WIRE)--EMCOR Group, Inc. (NYSE: EME) intends to release its fourth quarter 2023 results for the period ended December 31, 2023 on Wednesday, February 28, 2024. In conjunction with this release, EMCOR Group will host a conference call, which will be simultaneously broadcast live over the Internet. Tony Guzzi, Chairman, President and Chief Executive Officer, Mark Pompa, Executive Vice President and Chief Financial Officer, Andy Backman, Vice President, Investor Relations, Kevin Matz, ...

EMCOR Group, Inc. (NYSE:EME) Q3 2023 Earnings Conference Call October 26, 2023 10:30 AM ET Company Participants Blake Mueller - FTI Consulting Kevin Matz - EVP, Shared Services Anthony Guzzi - Chairman, President & CEO Mark Pompa - EVP & CFO Conference Call Participants Brent Thielman - D.A. Davidson & Co. Adam Thalhimer - Thompson, Davis & Company Operator Good morning. My name is Betsy, and I will be your conference operator today. At this time, I would like to welcome everyone to the EMCOR Group Third Qu ...

Financial Performance - Revenues for Q3 2023 reached $3,207,598, a 13.4% increase from $2,826,361 in Q3 2022[17] - Gross profit for the nine months ended September 30, 2023, was $1,471,594, up 28.1% from $1,148,794 in the same period of 2022[17] - Net income attributable to EMCOR Group, Inc. for Q3 2023 was $169,409, representing a 60.3% increase compared to $105,772 in Q3 2022[17] - Basic earnings per common share for Q3 2023 were $3.59, up from $2.16 in Q3 2022, reflecting a 66.1% increase[17] - Operating income for the nine months ended September 30, 2023, was $586,560, a 51.1% increase from $387,695 in the same period of 2022[17] - For the three months ended September 30, 2023, net income including noncontrolling interests was $169,746,000, compared to $105,772,000 for the same period in 2022, representing a 60.5% increase[26] - For the nine months ended September 30, 2023, net income including noncontrolling interests was $421,814,000, compared to $279,822,000 for the same period in 2022, indicating a 50.6% increase[29] - Total revenues for the nine months ended September 30, 2023, increased to $9.14 billion, up from $8.13 billion in the same period of 2022, representing a growth of 12.6%[131] Assets and Liabilities - Total assets as of September 30, 2023, were $6,224,193, an increase from $5,524,607 at the end of 2022[16] - Cash and cash equivalents increased to $523,632 as of September 30, 2023, compared to $456,439 at the end of 2022[16] - The company reported a total current liabilities of $3,232,802 as of September 30, 2023, an increase from $2,753,522 at the end of 2022[16] - The total stockholders' equity increased from $1,842,422,000 on September 30, 2022, to $2,279,969,000 on September 30, 2023, reflecting a growth of 23.7%[29] - Total debt as of September 30, 2023, was $103.96 million, a decrease from $247.19 million as of December 31, 2022[88] Dividends and Stock Repurchases - The company declared dividends of $0.18 per common share in Q3 2023, up from $0.13 in Q3 2022[17] - Common stock dividends paid increased from $6,450,000 in Q3 2022 to $8,520,000 in Q3 2023, marking a 32.3% increase[26] - The company repurchased common stock totaling $206,292,000 in Q3 2022, while in Q3 2023, the repurchases were significantly lower at $24,000[26] - The company repurchased approximately 0.7 million shares of common stock for about $106.1 million during the nine months ended September 30, 2023, with total repurchases since inception of the program reaching approximately $1.87 billion[111] Revenue by Segment - The United States electrical construction and facilities services segment generated total revenues of $697.406 million for the three months ended September 30, 2023, compared to $633.383 million for the same period in 2022, reflecting a growth of approximately 10.2%[61] - United States mechanical construction and facilities services generated revenues of $1,332.7 million for Q3 2023, up from $1,111.9 million in Q3 2022, marking a year-over-year increase of 19.8%[62] - The healthcare market sector saw an increase in revenue to $62.126 million, representing 9% of total revenues for the three months ended September 30, 2023, up from 7% in the same period of 2022[61] - The manufacturing and industrial market sector revenue increased to $97.788 million, which is a 24.5% increase from $78.562 million in the same period of 2022[61] - The United States building services segment reported revenues of $817.7 million for Q3 2023, up from $719.4 million in Q3 2022, driven by increased HVAC project work[149] Performance Obligations and Future Outlook - Remaining performance obligations as of September 30, 2023, totaled $8.64 billion, with 56% attributed to United States mechanical construction and facilities services[76] - The company expects to recognize $7.17 billion of remaining performance obligations as revenue within one year, with $1.46 billion expected to be recognized beyond one year[80] - Remaining performance obligations rose to $8.64 billion as of September 30, 2023, compared to $7.46 billion at December 31, 2022, indicating strong future demand[137] Operational Efficiency - The increase in operating income across segments was attributed to improved project execution and a favorable mix of work, despite ongoing supply chain disruptions[157] - The United States electrical construction segment reported operating income of $63.1 million (9.1% of revenues) for Q3 2023, compared to $35.6 million (5.6%) in Q3 2022[158] - The United States mechanical construction segment's operating income for Q3 2023 was $138.5 million (10.4% of revenues), up from $90.5 million (8.2%) in Q3 2022[159] - The United States building services segment achieved operating income of $57.2 million (7.0% of revenues) for Q3 2023, compared to $46.0 million (6.4%) in Q3 2022[160] Cash Flow and Investments - Net cash provided by operating activities for the nine months ended September 30, 2023, was $475.9 million, significantly higher than $238.4 million for the same period in 2022[174] - Net cash used in investing activities increased to $134.0 million for the nine months ended September 30, 2023, from $122.9 million in the same period of 2022, primarily due to higher capital expenditures[175] - Net cash used in financing activities decreased to $276.2 million for the nine months ended September 30, 2023, from $512.6 million in the same period of 2022, reflecting reduced stock repurchases[176] Corporate Governance and Compliance - The company's disclosure controls and procedures are deemed effective as of the end of the reporting period[202] - The evaluation was conducted by the Chairman, President, and CEO, Anthony J. Guzzi, along with the Executive Vice President and CFO, Mark A. Pompa[202] - The report indicates a commitment to maintaining effective oversight and governance practices[202] - The company adheres to regulatory requirements, reinforcing its commitment to corporate governance[202]

EMCOR Group, Inc. (NYSE:EME) Q2 2023 Earnings Conference Call July 27, 2023 10:30 AM ET Company Participants Blake Mueller - FTI Consulting Kevin Matz - Executive Vice President, Shared Services Anthony Guzzi - Chairman, President and Chief Executive Officer Mark Pompa - Executive Vice President and Chief Financial Officer Conference Call Participants Adam Thalhimer - Thompson Davis Sean Eastman - KeyBanc Capital Markets Operator Good morning. My name is Megan and I will be your conference operator today. A ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-8267 EMCOR Group, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 11-2125338 (State or Other Jurisdictio ...

EMCOR Group, Inc. (NYSE:EME) Q1 2023 Earnings Conference Call April 27, 2023 10:30 AM ET Company Participants Blake Mueller - FTI Consulting Kevin Matz - Executive Vice President, Shared Services Tony Guzzi - Chairman, President & Chief Executive Officer Mark Pompa - Executive Vice President & Chief Financial Officer Conference Call Participants Brent Thielman - D.A. Davidson Adam Thalhimer - Thompson, Davis Sean Eastman - KeyBanc Operator Good morning. My name is Keith, and I will be your conference operat ...

FIRST QUARTER 2023 FINANCIAL RESULTS Forward-Looking Statements This material and related presentation may include certain financial measures that were not prepared in accordance with U.S. generally accepted accounting principles (GAAP). Reconciliations of those non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the press release that accompanies this presentation. The Company uses these non-GAAP measures as key performance indicators for the purpose of evalu ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-8267 EMCOR Group, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation ...