EMCOR Q3: record revenue $2.83B, EPS $2.16; raises FY 2022 guidance

EMCOR Group, Inc.

2022-Q3 EPS reported $5.50 revenue$8,126,298,000

Quarterly revenue $2.83B (+12.1% YoY); diluted EPS $2.16 (vs. $1.85 in Q3 2021).
Remaining performance obligations $7.10B (+32% YoY from $5.38B).
Raises FY 2022 revenue guidance to ~$11.0B (from ~$10.8B); EPS guidance $7.60-$7.85 (from $7.30-$7.80).
U.S. Construction revenue up 14% YoY; U.S. Building Services up ~14% with 6.4% operating margin.
Returned ~$677M to shareholders YTD via buybacks and dividends; spent $91.1M on acquisitions.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EMCOR Group, Inc. reported first nine months of 2022 results: revenue $8.13 billion, net income $279.8 million, EPS $5.50 per diluted share.

Period: first nine months of 2022
Revenue: $8.13 billion
Net income: $279.8 million
EPS: $5.50 per diluted share
Result: reported results

Exact text from the filing

Revenues for the first nine months of 2022 totaled $8.13 billion, an increase of 11.9%, compared to $7.26 billion for the first nine months of 2021. Net income for the first nine months of 2022 was $279.8 million, or $5.50 per diluted share, compared to net income of $281.9 million, or $5.17 per diluted share, for the first nine months of 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EMCOR Group, Inc. reported third quarter ended September 30, 2022 results: revenue $2.83 billion, net income $105.8 million, EPS $2.16 per diluted share. Guidance raised.

Period: third quarter ended September 30, 2022
Revenue: $2.83 billion
Net income: $105.8 million
EPS: $2.16 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

For the third quarter of 2022, net income was $105.8 million, or $2.16 per diluted share, compared to net income of $99.7 million, or $1.85 per diluted share, for the third quarter of 2021. Revenues for the third quarter of 2022 totaled $2.83 billion, up 12.1% from the third quarter of 2021.

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EMCOR Group, Inc. filing history →

Source: SEC EDGAR

accession 0000105634-22-000043

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