EMCOR posts record Q2 revenue $3.05B, EPS $2.95; raises FY EPS guidance to $10.75-$11.25

EMCOR Group, Inc.

2023-Q2 EPS reported $5.28 revenue$5,936,054,000

Record quarterly revenue $3.05B (+12.5% YoY); diluted EPS $2.95 (+48.2% YoY).
Operating income $196.7M (6.5% margin) vs $137.6M (5.1% margin) in Q2 2022.
Remaining performance obligations $8.29B, up 28.2% YoY, led by high-tech and data center demand.
FY2023 diluted EPS guidance raised to $10.75-$11.25 from $9.25-$10.00; revenue guidance unchanged at $12.0-$12.5B.
U.S. Electrical Construction revenue up 20.2% YoY; U.S. Mechanical Construction operating margin 10.0%.

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 the first six months of 2023 results: revenue $5.94 billion, net income $252.1 million, EPS $5.28 per diluted share. Guidance raised.

Period: the first six months of 2023
Revenue: $5.94 billion
Net income: $252.1 million
EPS: $5.28 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Revenues for the first six months of 2023 totaled $5.94 billion, an increase of 12.0%, compared to $5.30 billion for the first six months of 2022. Net income for the first six months of 2023 was $252.1 million, or $5.28 per diluted share, compared to net income of $174.1 million, or $3.36 per diluted share, for the first six months of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EMCOR Group, Inc. reported the quarter ended June 30, 2023 results: revenue $3.05 billion, net income $140.6 million, EPS $2.95 per diluted share. Guidance raised.

Period: the quarter ended June 30, 2023
Revenue: $3.05 billion
Net income: $140.6 million
EPS: $2.95 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

For the second quarter of 2023, net income was $140.6 million, or $2.95 per diluted share, compared to $100.7 million, or $1.99 per diluted share, for the second quarter of 2022. Revenues for the second quarter of 2023 totaled $3.05 billion, an increase of 12.5% from the year ago period.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EMCOR Group, Inc. reported full-year 2023 results: revenue $12.0 billion to $12.5 billion, EPS $10.75 to $11.25. Guidance raised.

Period: full-year 2023
Revenue: $12.0 billion to $12.5 billion
EPS: $10.75 to $11.25
Guidance: raised
Result: guidance update

Exact text from the filing

Based on year-to-date performance, current operating conditions, and near-term visibility, EMCOR is increasing its full-year 2023 diluted earnings per share guidance range to $10.75 to $11.25, an increase from the prior guidance range of $9.25 to $10.00. The Company is maintaining its full-year 2023 revenue guidance of $12.0 billion to $12.5 billion.

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Source: SEC EDGAR

accession 0000105634-23-000031

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