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Jun 30, 2023
Emcor Q2 2023 Earnings Report
EMCOR Group reported record quarterly revenues and diluted EPS for Q2 2023.
Key Takeaways
EMCOR Group, Inc. reported record quarterly revenues of $3.05 billion, a 12.5% increase year-over-year, and a record diluted EPS of $2.95, a 48.2% increase year-over-year. The company's remaining performance obligations also reached a record $8.29 billion, a 28.2% increase year-over-year. EMCOR increased its 2023 diluted EPS guidance range to $10.75 - $11.25 from $9.25 - $10.00.
Record quarterly revenues of $3.05 billion, a 12.5% increase year-over-year.
Record quarterly diluted EPS of $2.95, a 48.2% increase year-over-year.
Record remaining performance obligations of $8.29 billion, a 28.2% increase year-over-year.
Increased 2023 diluted EPS guidance range to $10.75 - $11.25 from $9.25 - $10.00.
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 increasing its full-year 2023 diluted earnings per share guidance range to $10.75 to $11.25, an increase from the prior guidance range of $9.25 to $10.00. The Company is maintaining its full-year 2023 revenue guidance of $12.0 billion to $12.5 billion.
Positive Outlook
- Full-year 2023 diluted earnings per share guidance range increased to $10.75 - $11.25.
- Executing with discipline and flexibility.
- Investments over the past few years continue to position us well as we advance forward through 2023.
- Mitigating supply chain obstacles and operating with greater efficiency.
- Robust balance sheet is a differentiator as we serve sophisticated customers on large, complex, and technologically advanced projects.
Challenges Ahead
- Supply chain challenges have persisted.
- Persistent inflationary pressures.
- Fluctuations in energy costs.
- Labor market tightness.
- Productivity challenges.
Revenue & Expenses
Visualization of income flow from segment revenue to net income