Loading...
•
Mar 31, 2024
Emcor Q1 2024 Earnings Report
EMCOR's first quarter of 2024 was marked by record revenues and EPS, driven by strong performance in the Electrical and Mechanical Construction segments.
Key Takeaways
EMCOR Group, Inc. reported a strong first quarter in 2024, with revenues reaching $3.43 billion, an 18.7% increase year-over-year. Diluted EPS increased by 79.7% to $4.17, and the company's remaining performance obligations reached a record $9.18 billion. As a result, EMCOR increased its full-year revenue and EPS guidance for 2024.
Revenues for Q1 2024 totaled $3.43 billion, an 18.7% increase compared to Q1 2023.
Diluted EPS for Q1 2024 was $4.17, a 79.7% increase compared to Q1 2023.
Remaining performance obligations reached a record $9.18 billion, a 16.5% increase year-over-year.
Full-year 2024 revenue guidance was increased to $14.0 billion - $14.5 billion, and diluted EPS guidance was increased to $15.50 - $16.50.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
EMCOR increased its full-year 2024 revenue guidance range to $14.0 billion - $14.5 billion and its diluted earnings per share guidance range to $15.50 - $16.50.
Positive Outlook
- Increased full-year 2024 revenue guidance range to $14.0 billion - $14.5 billion.
- Increased full-year 2024 diluted earnings per share guidance range to $15.50 - $16.50.
- Strong demand across many market sectors.
- Outstanding performance on demanding projects.
- Confidence in raising guidance due to the right strategy and team execution.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...