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Sep 30, 2021
Emcor Q3 2021 Earnings Report
EMCOR Group reported record quarterly revenues and diluted EPS.
Key Takeaways
EMCOR Group reported a strong third quarter with record quarterly revenues of $2.52 billion, a 14.5% increase year-over-year. Record quarterly diluted EPS was $1.85. Remaining performance obligations reached a record $5.38 billion, an 18.7% increase year-over-year. The company increased its 2021 revenue and diluted EPS guidance.
Record quarterly revenues of $2.52 billion, a 14.5% increase year-over-year.
Record quarterly diluted EPS of $1.85.
Record remaining performance obligations of $5.38 billion, an 18.7% increase year-over-year.
Increased 2021 revenue guidance to $9.80 billion - $9.85 billion and diluted EPS guidance range to $6.95 - $7.15.
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 $9.80 billion to $9.85 billion and expects full-year 2021 diluted earnings per share to be in the range of $6.95 to $7.15.
Positive Outlook
- Strong year-to-date results
- Record remaining performance obligations
- Committed to delivering best-in-class services to customers
- Maintaining a balanced capital allocation strategy
- Driving long-term value for shareholders
Challenges Ahead
- Recent supply chain challenges
- Continued COVID-related hurdles
- Global supply chains continue to present challenges
- Supply chain challenges impacted operating margins
- Increased fuel prices impacted operating margins
Revenue & Expenses
Visualization of income flow from segment revenue to net income