EMCOR Group, Inc. reports news around its work as a mechanical and electrical construction contractor, industrial and energy infrastructure provider, and building services company. Updates commonly cover quarterly results, revenue guidance, remaining performance obligations, dividend declarations, investor presentations, and operating commentary across commercial, technology, manufacturing, industrial, healthcare, utility, and institutional markets.
Company releases also include project and subsidiary activity, such as HVAC and mechanical systems work by Hill York Service Company, along with earnings webcast notices and capital-return announcements tied to EMCOR's common stock.
EMCOR Group (EME) reported record quarterly revenues of $2.52 billion, marking a 14.5% year-over-year increase, along with a diluted EPS of $1.85. Remaining performance obligations reached $5.38 billion, up 18.7% from last year. The company raised its 2021 revenue guidance to between $9.80 billion and $9.85 billion and diluted EPS guidance to $6.95 to $7.15. Additionally, EMCOR's board authorized a $300 million share repurchase program to enhance shareholder value.
EMCOR Group (NYSE: EME) will release its third quarter 2021 results on October 28, 2021, for the period ending September 30, 2021. A conference call will follow, hosted by Tony Guzzi, Mark Pompa, and Kevin Matz, starting at 10:30 AM EDT.
Listeners can access the call via a WEBCAST link on the company’s website, with a replay available two hours post-call until November 28, 2021.
EMCOR Group, Inc. (NYSE: EME) has declared a quarterly cash dividend of $0.13 per common share. This dividend will be distributed on October 29, 2021 to shareholders listed as of October 15, 2021. As a leader in mechanical and electrical construction services and energy infrastructure, EMCOR continues to demonstrate confidence in its financial health and commitment to returning value to shareholders.
EMCOR Group, Inc. (NYSE: EME) will participate in the D.A. Davidson 2021 Annual Diversified Industrials & Services Virtual Conference on September 23, 2021. Key executives including Chairman Tony Guzzi and CFO Mark Pompa will engage in investor meetings and a fireside chat scheduled for 11:45 a.m. EDT. The event will be available via live webcast on the company's official website, with an archived audio version accessible for two weeks after the event. EMCOR is a Fortune 500 leader in construction services and building services.
EMCOR Group, Inc. (NYSE: EME) has successfully acquired Quebe Holdings, Inc., an electrical services provider located in Dayton, Ohio. This acquisition enhances EMCOR's electrical construction capabilities and extends its operational reach in Ohio.
Quebe's diverse services include preconstruction, construction, systems integration, and energy solutions across sectors such as automotive, healthcare, and education. The merger is expected to foster growth and commitment to customer service, aligning with EMCOR's strategic vision.
Shambaugh & Son L.P., a subsidiary of EMCOR Group, constructed a state-of-the-art cheese processing and whey drying facility for MWC in St. Johns, MI. This 400,000-square-foot plant is part of a $1 billion investment in the Michigan dairy industry and processes 25% of the state's milk. Awarded 2021 Dairy Plant of the Year, the facility utilizes advanced technology and equipment, processing 850,000 pounds of cheese daily. The project exemplifies successful collaboration among various stakeholders and showcases Shambaugh's integrated design-build approach.
EMCOR Group reported strong results for Q2 2021, with net income reaching $97.4 million ($1.78/share), compared to a net loss of $83.7 million in Q2 2020. Revenues increased by 21% to $2.44 billion, supported by a healthy operating income margin of 5.5%. Year-to-date, net income stands at $182.1 million, and revenues for the first half reached $4.74 billion, a 9.9% rise. The company raised its full-year revenue guidance to $9.5 billion and expects diluted earnings per share between $6.65 and $7.05. Strong performance is noted in U.S. Construction and UK Building Services segments.
EMCOR Group, Inc. (NYSE: EME) will announce its second quarter 2021 results on July 29, 2021. The announcement will be followed by a live conference call hosted by key executives, including Chairman Tony Guzzi and CFO Mark Pompa. The call will be accessible via webcast on the company's website, starting at 10:30 AM EDT. A replay will be available shortly after the call and can be accessed until August 29, 2021. EMCOR is a Fortune 500 leader in mechanical, electrical construction, and building services.
EMCOR Group, Inc. (NYSE: EME) has declared a quarterly cash dividend of $0.13 per common share. This dividend will be paid on July 30, 2021, to stockholders of record as of July 19, 2021. EMCOR, a Fortune 500 leader in mechanical and electrical construction, and energy infrastructure, continues to demonstrate its commitment to returning value to its shareholders through consistent dividend payments.
EMCOR Group reported a strong Q1 2021, with net income rising to $84.8 million ($1.54/share), up from $75.7 million ($1.35/share) last year. Revenues reached $2.30 billion, a 0.2% increase year-over-year. Operating income was $117.0 million (5.1% of revenues), compared to $106.0 million (4.6%). The company saw $4.78 billion in remaining performance obligations, up 7.9% year-over-year. EMCOR raised its full-year earnings per share guidance to $6.35 to $6.75 from $6.20 to $6.70, while maintaining its revenue guidance of $9.2 billion to $9.4 billion.