Emcor Q2 2022 Earnings Report
Key Takeaways
EMCOR Group, Inc. reported a strong second quarter in 2022, marked by record quarterly revenues of $2.71 billion, an 11.1% increase year-over-year, and a record diluted EPS of $1.99. The company also saw a 26.5% increase in remaining performance obligations, reaching $6.46 billion. EMCOR has raised its full-year revenue guidance to approximately $10.8 billion and updated its diluted EPS guidance range to $7.30 - $7.80.
Record quarterly revenues of $2.71 billion, an 11.1% increase year-over-year.
Record quarterly diluted EPS of $1.99.
Record remaining performance obligations of $6.46 billion, a 26.5% increase year-over-year.
Increased 2022 revenue guidance to approximately $10.8 billion and updated diluted EPS guidance range to $7.30 – $7.80.
Emcor
Emcor
Emcor Revenue by Segment
Forward Guidance
EMCOR is increasing its full-year 2022 revenue guidance to approximately $10.8 billion and now expects full-year 2022 diluted earnings per share in the range of $7.30 to $7.80.
Positive Outlook
- Expectations for strong project demand across key market sectors
- Favorable SG&A leverage
- A more normalized fall turnaround season for our U.S. Industrial Services segment
- Maintaining a strong balance sheet
- Investing in organic growth and strategic acquisitions
Challenges Ahead
- Ongoing supply chain challenges
- Potential COVID-related disruptions
- An uncertain macroenvironment
- Supply chain challenges partially impacting results in U.S. Construction and U.S. Building Services segments
- Volatile operating environment
Revenue & Expenses
Visualization of income flow from segment revenue to net income