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Mar 31, 2021

Emcor Q1 2021 Earnings Report

Emcor Group, Inc. reported record first quarter revenues and diluted EPS, with increased remaining performance obligations and raised full-year diluted EPS guidance.

Key Takeaways

EMCOR Group, Inc. reported a strong start to the year with record first quarter revenues of $2.30 billion and diluted EPS of $1.54, a 14.1% increase year-over-year. The company's remaining performance obligations reached a record $4.78 billion, and full-year diluted EPS guidance was raised to $6.35 - $6.75.

Record first quarter revenues of $2.30 billion.

Record first quarter diluted EPS of $1.54, a 14.1% increase year-over-year.

Record remaining performance obligations of $4.78 billion, a 7.9% increase year-over-year.

Increased 2021 diluted EPS guidance range to $6.35 - $6.75 from $6.20 - $6.70.

Total Revenue
$2.3B
Previous year: $2.3B
+0.2%
EPS
$1.54
Previous year: $1.35
+14.1%
Remaining Performance Obligation
$4.78B
Previous year: $4.42B
+8.1%
Gross Profit
$341M
Previous year: $333M
+2.4%
Cash and Equivalents
$759M
Previous year: $347M
+118.6%
Total Assets
$5.06B
Previous year: $4.84B
+4.7%

Emcor

Emcor

Emcor Revenue by Segment

Forward Guidance

EMCOR is raising its full-year 2021 diluted earnings per share guidance range to $6.35 to $6.75, an increase from the prior guidance range of $6.20 to $6.70. The Company is maintaining its full-year 2021 revenue guidance of $9.2 billion to $9.4 billion.

Revenue & Expenses

Visualization of income flow from segment revenue to net income