earnings
confidence high
sentiment neutral
materiality 0.70
EMCOR Q1 rev $2.59B (+12.5% YoY) record; diluted EPS $1.39 vs $1.54; reaffirms FY guidance; authorizes $200M buyback
EMCOR Group, Inc.
2022-Q1 EPS reported
$1.39
revenue$2,592,549,000
- Record Q1 revenue $2.59B, up 12.5% YoY; organic growth 10.4%.
- Diluted EPS $1.39 vs $1.54 prior year; net income $73.4M.
- Operating margin 3.9% versus 5.1% on supply chain and COVID impacts.
- Backlog (remaining performance obligations) $5.95B, up 24.7% YoY.
- Reaffirms FY2022 rev $10.4-10.7B, EPS $7.15-$7.85; Board authorizes $200M share repurchase.