earnings
confidence high
sentiment positive
materiality 0.90
EMCOR Q1 revenues $3.43B (+18.7%), EPS $4.17 (+79.7%), raises FY2024 guidance
EMCOR Group, Inc.
2024-Q1 EPS reported
$4.17
revenue$3,432,276,000
- Diluted EPS of $4.17 vs. $2.32 YoY; net income $197.1M up from $111.5M.
- Record remaining performance obligations of $9.18B, up 16.5% YoY.
- Electrical Construction segment posted record revenues and 12.0% operating margin.
- Mechanical Construction organic growth of 32.4%; record Q1 operating margin of 10.6%.
- FY2024 revenue guidance raised to $14.0-14.5B, EPS guidance raised to $15.50-16.50.