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EMCOR Group, Inc. - EME STOCK NEWS

Welcome to our dedicated page for EMCOR Group news (Ticker: EME), a resource for investors and traders seeking the latest updates and insights on EMCOR Group stock.

EMCOR Group, Inc. (NYSE: EME) is a distinguished Fortune 500 company with estimated 2017 revenues of around $7.6 billion. As a leader in mechanical and electrical construction, industrial and energy infrastructure, and building services, EMCOR is at the forefront of providing critical infrastructure systems. The company breathes life into new structures and sustains existing ones by expertly planning, installing, operating, maintaining, and protecting the sophisticated systems that create functional and efficient facility environments.

These systems include electrical, mechanical, lighting, air conditioning, heating, security, fire protection, and power generation systems. EMCOR's extensive reach spans virtually every sector of the economy, catering to a diverse range of businesses, organizations, and government entities.

With a unique blend of broad reach and local execution, EMCOR combines the strength of an industry leader with the local knowledge and care offered by its 170 locations. The company's approximately 33,000 skilled employees play a crucial role in delivering top-notch services, making EMCOR a top choice in its industry as recognized by leading business publications.

EMCOR's services are provided through about 100 operating subsidiaries, organized into key reportable segments: United States electrical construction and facilities services, United States mechanical construction and facilities services, United States building services, United States industrial services, and United Kingdom building services. While a majority of the revenue is generated from the United States, EMCOR maintains a significant presence in the United Kingdom as well.

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EMCOR Group (NYSE: EME) has announced the release date for its financial results for the second quarter of 2024. The results, covering the period ending June 30, 2024, will be published on Thursday, July 25, 2024, before the market opens.

Following the release, the company will host an earnings conference call and webcast at 10:30 am EDT on the same day. The call will feature Tony Guzzi, Chairman and CEO, Jason Nalbandian, CFO, and Andy Backman, VP of Investor Relations.

Interested parties can access the webcast via EMCOR's website, with a replay available two hours post-call and accessible until August 25, 2024.

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EMCOR Group (NYSE: EME) has announced a regular quarterly cash dividend of $0.25 per common share. This dividend will be paid on July 30, 2024, to stockholders of record as of July 15, 2024. EMCOR is recognized as a Fortune 500 leader in mechanical and electrical construction services, as well as industrial and energy infrastructure and building services. For more information, visit their website at www.emcorgroup.com.

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EMCOR Group (NYSE: EME) has announced a $500 million increase in its share repurchase program, reflecting the company's confidence in its financial health and commitment to returning value to shareholders.

The authorization allows the company to buy back shares on the open market or through private transactions, depending on market conditions and regulatory requirements. There is no expiration date for the program, and it can be adjusted as needed.

CEO Tony Guzzi emphasized the company's strong free cash flow and financial position, along with its strategy to balance organic growth, strategic acquisitions, and shareholder returns.

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EMCOR Group (NYSE: EME) has announced its participation in two upcoming investor conferences. Tony Guzzi, Chairman, President, and CEO; Jason Nalbandian, SVP and CFO; and Andy Backman, VP, Investor Relations, will host one-on-one meetings at the KeyBanc Industrials & Basic Materials Conference on May 29, 2024, and the Stifel 2024 Cross Sector Insight Conference on June 4, 2024. Both events will take place in Boston, Massachusetts. Interested investors should contact their respective representatives to schedule meetings. The latest investor presentation will be accessible on EMCOR’s website prior to these events.

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EMCOR Group, Inc. reported impressive first quarter 2024 results with a 18.7% increase in revenues to $3.43 billion and a 79.7% increase in diluted EPS to $4.17. The company's record remaining performance obligations saw a 16.5% increase year-over-year to $9.18 billion. EMCOR raised its 2024 revenue guidance to $14.0 billion - $14.5 billion and its diluted EPS guidance to $15.50 - $16.50, showing strong performance and confidence in future growth.
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EMCOR Group, Inc. (EME) will announce its Q1 2024 financial results on April 25, 2024. The earnings conference call will be hosted by Tony Guzzi, Jason Nalbandian, and Andy Backman.
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EMCOR Group, Inc. (NYSE: EME) declares a quarterly cash dividend of $0.25 per share. The dividend will be paid on April 30, 2024, to stockholders of record as of April 16, 2024. EMCOR Group is a Fortune 500 company specializing in construction services and infrastructure.
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EMCOR Group, Inc. (NYSE: EME) executives will participate in the 16th Annual Evercore ISI Industrial Conference, including a fireside chat discussion. The Company is a Fortune 500 leader in construction, infrastructure, and building services.
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EMCOR Group, Inc. (NYSE: EME) reports record quarterly and full-year revenues, diluted EPS, and remaining performance obligations for 2023. The company achieved net income of $211.5 million for Q4 2023, with revenues totaling $3.44 billion. For the full year, revenues reached $12.58 billion, with net income of $633.0 million. EMCOR also provided guidance for 2024 with expected revenues between $13.5 billion and $14.0 billion and diluted EPS in the range of $14.00 to $15.00.
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EMCOR Group, Inc. (NYSE: EME) will release its Q4 2023 results on February 28, 2024. The company will host a conference call, with key executives discussing the financials and business outlook. Listeners can access the call live over the Internet. EMCOR Group, Inc. is a Fortune 500 leader in mechanical and electrical construction services, industrial and energy infrastructure, and building services.
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FAQ

What does EMCOR Group, Inc. specialize in?

EMCOR specializes in mechanical and electrical construction, industrial and energy infrastructure, and building services.

How many employees does EMCOR Group, Inc. have?

EMCOR has approximately 33,000 skilled employees.

Where is EMCOR Group, Inc. headquartered?

EMCOR Group, Inc. is headquartered in Norwalk, Connecticut, USA.

What are the primary segments of EMCOR Group, Inc.?

The primary segments include United States electrical construction and facilities services, mechanical construction and facilities services, building services, industrial services, and United Kingdom building services.

Which sectors does EMCOR Group, Inc. serve?

EMCOR serves a broad range of sectors including commercial, technology, manufacturing, industrial, healthcare, utility, and institutional markets.

How large is EMCOR Group, Inc.'s network of locations?

EMCOR operates through 170 locations.

What type of systems does EMCOR Group, Inc. work on?

EMCOR works on systems such as electrical, mechanical, lighting, air conditioning, heating, security, fire protection, and power generation.

How does EMCOR Group, Inc. deliver its services?

EMCOR delivers its services through around 100 operating subsidiaries.

Is EMCOR Group, Inc. a publicly traded company?

Yes, EMCOR Group, Inc. is publicly traded on the NYSE under the symbol EME.

What notable financial milestone did EMCOR achieve in 2017?

In 2017, EMCOR achieved estimated revenues of approximately $7.6 billion.

EMCOR Group, Inc.

NYSE:EME

EME Rankings

EME Stock Data

17.09B
47.00M
1.48%
94.15%
1.74%
Electrical Contractors and Other Wiring Installation Contractors
Construction
Link
United States of America
NORWALK