Emcor Q3 2021 Earnings Report
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
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