Emcor Group Inc

EME

Equity

ISIN US29084Q1004 / Valor 332308

New York Stock Exchange, Inc (2024-12-23)

USD 463.26-0.55%

Emcor Group Inc
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About company

Emcor Group Inc is a leading provider of mechanical, electrical, fire protection, and building services, catering to a wide range of industries. The company's expertise ranges from repairing laboratory ventilation systems to constructing semiconductor and battery plants. Emcor's services play a crucial role in ensuring the functionality and safety of various facilities, making them an essential partner for businesses in need of specialized technical solutions.

Summarized from source with an LLMView SourceSector: Industrials

Record Revenues

Emcor Group Inc reported record revenues for the fourth quarter and full-year 2023, achieving $3.44 billion and $12.58 billion, respectively. This marks a significant milestone for the company, reflecting strong performance across its operations.

EPS Achievements

The company also announced record diluted earnings per share (EPS) for both the fourth quarter and full-year 2023, with figures of $4.47 and $13.31, respectively. On a non-GAAP basis, the full-year diluted EPS was slightly higher at $13.34.

Performance Obligations

Emcor Group Inc's remaining performance obligations reached a record $8.85 billion, representing an 18.6% increase year-over-year. This growth indicates a robust pipeline of future work and commitments.

2024 Guidance

Looking ahead, Emcor Group Inc provided guidance for 2024, projecting revenues between $13.5 billion and $14.0 billion. The company also anticipates diluted EPS to range from $14.00 to $15.00, suggesting continued growth and profitability.

Dividend Increase

The Board of Directors at Emcor Group Inc approved an increase in the quarterly dividend, raising it to $0.25 per share from the previous $0.18 per share. This decision reflects the company's strong financial position and commitment to returning value to shareholders.

Summarized from source with an LLMView Source

Key figures

114%1Y

269%3Y

424%5Y

Performance

31.1%1Y

28.8%3Y

35.4%5Y

Volatility