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Dec 31, 2019
Emcor Q4 2019 Earnings Report
Emcor Group reported record revenues and EPS for Q4 2019.
Key Takeaways
EMCOR Group, Inc. reported record fourth quarter revenues of $2.40 billion, an increase of 7.8% compared to the previous year. Diluted EPS from continuing operations was $1.54, an 11.6% increase year-over-year. The company's remaining performance obligations totaled $4.04 billion.
Record quarterly revenues of $2.40 billion.
Record quarterly diluted EPS from continuing operations of $1.54, an 11.6% increase year-over-year.
Operating income for the fourth quarter of 2019 was $122.9 million, or 5.1% of revenues.
Remaining performance obligations as of December 31, 2019 were $4.04 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 expects full-year 2020 revenues to be between $9.5 billion and $9.7 billion, and full-year 2020 diluted earnings per share from continuing operations to be in the range of $5.60 to $6.30.
Positive Outlook
- Favorable project mix
- Continuation of current market conditions
- Excellent operating position
- Robust project pipeline
- Sustained growth in the non-residential construction market
Challenges Ahead
- Adverse effects of general economic conditions
- Changes in the political environment
- Changes in the specific markets for EMCOR’s services
- Adverse business conditions
- Impact of the 2020 ransomware attack
Revenue & Expenses
Visualization of income flow from segment revenue to net income