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