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Jun 30, 2021
Emcor Q2 2021 Earnings Report
Emcor's Q2 2021 earnings were reported, featuring record quarterly revenues and diluted EPS.
Key Takeaways
EMCOR Group reported record second-quarter results, with revenues of $2.44 billion, a 21.0% increase year-over-year. Diluted EPS reached a record $1.78, and remaining performance obligations grew to $5.11 billion, an 11.2% increase year-over-year. The company raised its full-year revenue guidance to approximately $9.5 billion and increased its diluted EPS guidance range to $6.65 - $7.05.
Record quarterly revenues of $2.44 billion, a 21.0% increase year-over-year.
Record second quarter diluted EPS of $1.78.
Remaining performance obligations reached a record $5.11 billion, an 11.2% increase year-over-year.
Increased 2021 revenue guidance to approximately $9.5 billion from $9.2 billion - $9.4 billion.
Revenue by Segment
Forward Guidance
EMCOR raised its full-year 2021 revenue guidance to approximately $9.5 billion and expects full-year 2021 diluted earnings per share in the range of $6.65 to $7.05.
Positive Outlook
- Strong first half results
- Robust remaining performance obligations
- Improved visibility
- Focus on elements of the business that can be controlled
- Balanced capital allocation strategy
Challenges Ahead
- Uncertain environment
- Need to protect the health and safety of employees
- Need to adjust operations as necessary
- Reliance on gradual improvement of current market conditions
- Potential risks and uncertainties that could cause actual results to differ materially
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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