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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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