Emcor Q4 2022 Earnings Report
Key Takeaways
EMCOR Group, Inc. reported exceptional Q4 2022 results, setting records for quarterly and full-year revenues, operating income, and EPS. Revenues for the fourth quarter of 2022 totaled $2.95 billion, an increase of 11.7%. Net income for the fourth quarter of 2022 was $126.3 million, or $2.63 per diluted share.
Record quarterly revenues of $2.95 billion, up 11.7% year-over-year.
Record quarterly diluted EPS of $2.63, compared to $1.89 in Q4 2021.
Operating income for the fourth quarter of 2022 was $177.2 million, or 6.0% of revenues.
Remaining performance obligations increased 33.2% year-over-year to a record $7.46 billion.
Emcor
Emcor
Emcor Revenue by Segment
Forward Guidance
EMCOR expects full-year 2023 revenues to be between $12.0 billion and $12.5 billion and full-year 2023 diluted earnings per share in the range of $8.75 to $9.50.
Positive Outlook
- Strong demand in semiconductor market
- Strong demand in healthcare market
- Strong demand in biotech market
- Strong demand in pharma market
- Strong demand in data centers
Challenges Ahead
- Significant supply chain disruptions
- Inflationary pressures
- Labor market tightness
- Productivity challenges
- Volatile energy prices
Revenue & Expenses
Visualization of income flow from segment revenue to net income