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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.
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 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