Emcor Q4 2021 Earnings Report
Key Takeaways
EMCOR Group, Inc. reported exceptional results in 2021, with record full-year revenues, operating income, and diluted earnings per share. Fourth-quarter revenue increased by 15.7% year-over-year, and remaining performance obligations increased by 21.9% year-over-year to a record $5.60 billion.
Record quarterly and full-year revenues of $2.64 billion and $9.90 billion, respectively.
Record quarterly and full-year diluted EPS of $1.89 and $7.06, respectively.
Record Remaining Performance Obligations of $5.60 billion, a 21.9% Increase Year-over-Year.
Announced 2022 Revenues and Diluted EPS Guidance.
Emcor
Emcor
Emcor Revenue by Segment
Forward Guidance
EMCOR expects full-year 2022 revenues to be between $10.4 billion and $10.7 billion and full-year 2022 diluted earnings per share in the range of $7.15 to $7.85.
Positive Outlook
- Healthy balance sheet
- Momentum in the non-residential market
- Robust remaining performance obligations
- Focus on organic growth investments
- Strategic acquisition opportunities
Challenges Ahead
- Impact of the COVID-19 pandemic
- Supply chain disruptions
- General economic conditions
- Changes in the political environment
- Changes in the specific markets for EMCOR’s services
Revenue & Expenses
Visualization of income flow from segment revenue to net income