Loading...
•
Mar 31, 2022
Emcor Q1 2022 Earnings Report
EMCOR Group reported record first-quarter revenues with year-over-year growth in all segments, though operating margin contracted due to challenging supply chain and COVID-related impacts.
Key Takeaways
EMCOR Group, Inc. reported a strong first quarter with record revenues of $2.59 billion, a 12.5% increase year-over-year. The company's remaining performance obligations reached a record $5.95 billion, up 24.7% year-over-year. Diluted EPS was $1.39, compared to $1.54 in the first quarter of 2021. The Board authorized an additional $200 million share repurchase program.
Record first quarter revenues of $2.59 billion, a 12.5% increase year-over-year.
First quarter diluted EPS of $1.39.
Record remaining performance obligations of $5.95 billion, a 24.7% increase year-over-year.
Reaffirmed 2022 revenue and diluted EPS guidance ranges.
Emcor
Emcor
Emcor Revenue by Segment
Revenue by Segment
U.S. Electrical Const. Revenue
CapyFin.comU.S. Mechanical Const. Revenue
CapyFin.comU.S. Building Services Revenue
CapyFin.comU.S. Industrial Services Revenue
CapyFin.comUK Building Services Revenue
CapyFin.com Forward Guidance
EMCOR is maintaining its full-year 2022 revenue guidance range of $10.4 billion to $10.7 billion and full-year 2022 diluted earnings per share guidance range of $7.15 to $7.85.
Positive Outlook
- Company will continue to execute with discipline and flexibility.
- Optimistic that the non-residential construction market will continue to grow through the year.
- Confident in long-term outlook.
- Committed to maintaining a balanced capital allocation strategy.
- Pursuing organic investments and strategic acquisitions.
Challenges Ahead
- Ongoing supply chain headwinds.
- Operating environment remains volatile.
- Labor disruption caused by the Omicron variant.
- Rising energy costs.
- Ukraine crisis exacerbating supply chain issues.
Revenue & Expenses
Visualization of income flow from segment revenue to net income