earnings
confidence high
sentiment positive
materiality 0.80
EMCOR reports record Q3 revenue $3.70B, EPS $5.80; raises FY2024 EPS guidance to $20.50-$21.00
EMCOR Group, Inc.
2024-Q3 EPS reported
$15.21
revenue$10,796,097,000
- Record quarterly revenues of $3.70B (+15.3% YoY); diluted EPS $5.80 (+62.5% YoY).
- Remaining performance obligations hit record $9.79B, up 13.4% YoY, signaling strong backlog.
- FY2024 diluted EPS guidance raised to $20.50-$21.00 (from $19.00-$20.00); revenue guidance at least $14.5B.
- Electrical and Mechanical Construction segments combined revenue growth ~24%, operating margin 13.3%.