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, Inc. (NYSE: EME) invites investors to join a live Fire Side Chat at the Credit Suisse 8th Annual Industrials Virtual Conference on December 3rd at 3:10 p.m. ET. The chat will feature Chairman, President and CEO Tony Guzzi, Executive Vice President and CFO Mark Pompa, and Executive Vice President Kevin Matz. Interested parties can tune in via a webcast on the Company's website. An archived version of the chat will also be available for two weeks after the event.
Progressive Pipe Fabricators, part of Shambaugh & Son L.P., has opened a new 82,000-square-foot facility in Trinity, Alabama. The plant will produce over 20,000 individual sprinklers weekly and ship more than 1 million pounds of fabricated sprinkler pipe. This expansion enhances their sustainability efforts while creating 60 new jobs in the local community. The facility aims to serve a wider geographic area, reducing fuel consumption and improving market speed. The opening event attracted notable attendees from Alabama and the National Fire Sprinkler Association.
EMCOR Group, Inc. (NYSE: EME) reported its third-quarter 2020 results, revealing a net income of $61.2 million, down from $81.8 million in Q3 2019, primarily impacted by impairment charges. Revenues decreased 3.8% to $2.20 billion. Despite the decline, non-GAAP net income increased to $97 million, or $1.76 per diluted share. The company raised its full-year revenue guidance to approximately $8.7 billion and expects non-GAAP EPS between $5.90 and $6.10. EMCOR's strong operating income and cash flow generation demonstrate resilience amid COVID-19 challenges.
EMCOR Group, Inc. (NYSE: EME) will release its third quarter 2020 results on October 29, 2020, for the period ended September 30, 2020. The announcement will be accompanied by a conference call featuring Tony Guzzi, CEO, Mark Pompa, CFO, and Kevin Matz, EVP of Shared Services. The call will be accessible via a live webcast on the company's website at 10:30 AM EDT. A replay will be available two hours after the call until November 29, 2020. This release also contains forward-looking statements regarding future performance and risks associated with economic conditions and market dynamics.
EMCOR Group, Inc. (NYSE: EME) has declared a quarterly cash dividend of $0.08 per common share. This dividend will be paid on October 30, 2020, to stockholders of record as of October 16, 2020. EMCOR is recognized as a Fortune 500 leader in mechanical and electrical construction services, industrial and energy infrastructure, and building services.