EMCOR Q3 revenue $3.21B (+13.5% YoY), EPS $3.57; raises FY23 guidance

EMCOR Group, Inc.

2023-Q3 EPS reported $8.85 revenue$9,143,652,000

GAAP diluted EPS $3.57, non-GAAP $3.61 vs $2.16 in Q3 2022; net income $169.4M.
Record remaining performance obligations $8.64B, up 21.6% YoY from $7.10B.
Raises FY23 non-GAAP EPS guidance to $12.25-$12.65 from $10.75-$11.25; revenue guidance ~$12.5B.
U.S. Mechanical Construction rev +19.9% YoY with 10.4% op margin; U.S. Electrical +10.1% with 9.1% margin.
U.S. Building Services rev +13.7% with 7.0% op margin; backlog driven by data centers, semiconductors, healthcare.

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 third quarter ended September 30, 2023 results: revenue $3.21 billion, net income $169.4 million, EPS $3.57 per diluted share. Guidance raised.

Period: the third quarter ended September 30, 2023
Revenue: $3.21 billion
Net income: $169.4 million
EPS: $3.57 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

EMCOR GROUP, INC. REPORTS THIRD QUARTER 2023 RESULTS - Record Quarterly Revenues of $3.21 billion, 13.5% Increase Year-over-Year - - Record Quarterly Diluted Earnings per Share of $3.57, Non-GAAP Diluted EPS of $3.61 - - Record Remaining Performance Obligations of $8.64 billion, 21.6% Increase Year-over-Year - - Increases 2023 Non-GAAP Diluted EPS Guidance Range to $12.25 - $12.65 from $10.75 - $11.25 - - Increases 2023 Revenue Guidance to approximately $12.5B from $12.0B - $12.5B -

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EMCOR Group, Inc. reported the first nine months of 2023 results: revenue $9.14 billion, net income $421.5 million, EPS $8.85 per diluted share. Guidance raised.

Period: the first nine months of 2023
Revenue: $9.14 billion
Net income: $421.5 million
EPS: $8.85 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Revenues for the first nine months of 2023 totaled $9.14 billion, an increase of 12.5%, compared to $8.13 billion for the first nine months of 2022. Net income for the first nine months of 2023 was $421.5 million, or $8.85 per diluted share, compared to net income of $279.8 million, or $5.50 per diluted share, for the first nine months of 2022.

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EMCOR Group, Inc. filing history →

Source: SEC EDGAR

accession 0000105634-23-000038

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