EMCOR Q3 FY2021: record revenue $2.52B, EPS $1.85, raises FY guidance, $300M buyback authorized

EMCOR Group, Inc.

2021-Q3 EPS reported $5.17 revenue$7,263,387,000

Record quarterly revenues of $2.52B, up 14.5% YoY; diluted EPS $1.85 vs $1.11 a year ago.
Remaining performance obligations hit $5.38B, increasing 18.7% YoY.
FY2021 revenue guidance raised to $9.80-$9.85B from ~$9.5B; EPS guidance raised to $6.95-$7.15 from $6.65-$7.05.
Board authorized a new $300M share repurchase program; $137.3M already repurchased under prior $200M program.
U.S. Construction segments combined revenue up 12.0% YoY; U.S. Industrial Services revenue grew 35.4% YoY.

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