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Dec 31, 2020
Emcor Q4 2020 Earnings Report
Emcor reported fourth quarter and full-year results, with revenues of $2.28 billion and diluted EPS of $1.45.
Key Takeaways
EMCOR Group, Inc. reported a decrease in revenue for the fourth quarter of 2020, totaling $2.28 billion compared to $2.40 billion for the fourth quarter of 2019. Diluted EPS was $1.45, while non-GAAP diluted EPS was $1.86. The company's remaining performance obligations increased 13.8% year-over-year to a record $4.59 billion.
Fourth quarter revenue was $2.28 billion, a 5.1% decrease year-over-year.
Fourth quarter diluted EPS was $1.45, and non-GAAP diluted EPS was $1.86.
Remaining performance obligations reached a record $4.59 billion, a 13.8% increase year-over-year.
Full-year operating cash flow was $806.4 million, a 126.7% increase year-over-year.
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 2021 revenues to be between $9.2 billion and $9.4 billion, and full-year 2021 diluted earnings per share in the range of $6.20 to $6.70.
Positive Outlook
- Momentum in some key market sectors.
- Robust remaining performance obligations.
- Strong balance sheet.
- Substantial cash on hand.
- Commitment to organic growth investments and strategic acquisition opportunities
Challenges Ahead
- Assuming a gradual improvement of current market conditions as the year progresses.
- Adverse effects of general economic conditions.
- Changes in the political environment.
- Changes in the specific markets for EMCOR’s services.
- Impact of the COVID-19 pandemic on revenue and operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income