EMCOR(US:EME)2024-04-26 06:42Financial Highlights - Record Remaining Performance Obligations (RPOs) reached $918 billion, a 165% year-over-year increase[5] - First quarter revenues hit a record $3432 billion, marking an 187% increase compared to the first quarter of 2023[8, 19, 29] - Operating income surged to $260 million, a 678% increase from $155 million in the first quarter of 2023[8, 19] - Diluted Earnings Per Share (EPS) soared to $417, a 797% increase compared to $232 in the first quarter of 2023[8, 19] - Gross Profit increased to $589309 thousand, with a margin of 172% compared to 151% in the first quarter of 2023[30] Segment Performance - U S Electrical Construction & Facilities Services operating income was $511 million, a 1261% increase[24] - U S Mechanical Construction & Facilities Services operating income was $1507 million, a 748% increase[24] - Total U S Construction operating income reached $2423 million, a 912% increase[24] Future Outlook - The company increased its full-year 2024 revenue and Diluted EPS guidance[5] - Revised revenue guidance is set at $140 billion - $145 billion[63] - Revised Diluted EPS guidance is set at $1550 - $1650[61]