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 (NYSE: EME), a Fortune 500 leader in mechanical and electrical construction services, has announced its Board of Directors' declaration of a regular quarterly cash dividend of $0.25 per common share. The dividend will be distributed on April 30, 2025, to stockholders of record as of April 17, 2025.
The company specializes in industrial and energy infrastructure and building services, maintaining its commitment to shareholder returns through consistent dividend payments.
EMCOR Services New England Mechanical (NEMSI) has been awarded both a local Excellence in Construction (EIC) and a national Pyramid Award from the Associated Builders and Contractors (ABC) for their Hartford 21 project. The project involved constructing a new state-of-the-art central plant for a 34-story apartment building in downtown Hartford, CT.
The innovative system is projected to deliver significant efficiency improvements with an expected seven-to-eight-year project payback and will offset approximately 2,000 metric tons of CO2. The project utilized a design/build delivery approach for mechanical, electrical, plumbing, and building automation systems to reduce energy consumption and lower operating costs.
NEMSI was also recognized among ABC's 2025 Top Performers for achievements in health and safety, quality, diversity, and project excellence. The EIC awards acknowledged 96 outstanding construction projects from 2024.
EMCOR Group (NYSE: EME) reported exceptional fourth quarter and full-year 2024 results, achieving record-breaking performance across key metrics. Q4 revenues reached $3.77 billion, up 9.6% year-over-year, with net income of $292.2 million and diluted EPS of $6.32.
Full-year 2024 highlights include:
- Revenue of $14.57 billion, up 15.8% from 2023
- Net income of $1.0 billion
- Diluted EPS of $21.52
- Record remaining performance obligations of $10.10 billion, up 14.2%
The company provided strong 2025 guidance with revenues projected between $16.1-16.9 billion and diluted EPS of $22.25-24.00. Additionally, EMCOR announced a $500 million increase to its share repurchase program, demonstrating confidence in its financial position and commitment to shareholder returns.
EMCOR Group (NYSE: EME) has completed its acquisition of Miller Electric Company for $865 million in cash. Miller Electric, a leading electrical contractor in the Southeastern U.S., is expected to generate approximately $805 million in revenue and $80 million in Adjusted EBITDA in calendar year 2024.
The acquisition enhances EMCOR's presence in high-growth sectors and expands its electrical capabilities through mission-critical services. The transaction is anticipated to be modestly accretive to EMCOR's earnings per share in 2025, with increased accretion expected in subsequent years.
Miller Electric will operate within EMCOR's Electrical Construction Services segment, maintaining its headquarters in Jacksonville, Florida, with its current leadership team remaining in place. EMCOR funded the acquisition through cash on hand and will discuss it during its Q4 and full-year 2024 earnings release on February 26, 2025.
EMCOR Group (NYSE: EME) has announced a definitive agreement to acquire Miller Electric Company for $865 million in cash. Miller Electric, headquartered in Jacksonville, Florida, is a leading electrical contractor serving the Southeastern U.S. with over 3,500 professionals across 21 branch locations.
Miller Electric is expected to generate approximately $805 million in revenue and $80 million in Adjusted EBITDA in calendar year 2024, with $755 million in remaining performance obligations as of November 2024. The company serves more than 1,000 clients, focusing on high-growth sectors including data centers, manufacturing, and healthcare.
The acquisition will operate within EMCOR's Electrical Construction Services segment, with Miller Electric maintaining its headquarters in Jacksonville. The transaction is expected to close in the first half of 2025 and be modestly accretive to EMCOR's earnings per share in 2025.
EMCOR Group (NYSE: EME) has scheduled its fourth quarter 2024 financial results release for Wednesday, February 26, 2025, before market open. The company will host an earnings conference call and webcast at 10:30 am EST on the same day. The presentation will be led by Tony Guzzi (Chairman, President and CEO), Jason Nalbandian (SVP and CFO), and Andy Backman (VP, Investor Relations).
Interested parties can access the webcast through EMCOR's website at www.emcorgroup.com. A replay will be available through March 29, 2025, accessible via a replay link on the company's website two hours after the call.
EMCOR Group (NYSE: EME) has announced that its Board of Directors has declared a regular quarterly cash dividend of $0.25 per common share. The dividend will be paid on January 31, 2025 to stockholders of record as of January 16, 2025. EMCOR Group is a Fortune 500 company specializing in mechanical and electrical construction services, industrial and energy infrastructure, and building services.
EMCOR Group (NYSE: EME) announced the election of Amy E. Dahl to its Board of Directors, effective December 18, 2024. Dahl, 50, currently serves as Vice President of International Business & Strategy at The Toro Company (NYSE: TTC), overseeing operations across 125+ countries. Her extensive experience spans strategic planning, legal compliance, mergers and acquisitions, and human resources.
Since joining Toro in 2007, Dahl has held various leadership positions including Vice President, General Counsel and Corporate Secretary. Prior to Toro, she practiced law specializing in securities, corporate governance, and M&A at Norton Rose Fulbright and Lathrop GPM. She holds a B.A. in Political Science from The University of Minnesota and a J.D. from The University of North Dakota School of Law.
EMCOR Group (NYSE: EME) has announced its participation in the UBS Global Industrials and Transportation Conference in Palm Beach, Florida. The company's leadership team, including Chairman, President and CEO Tony Guzzi, CFO Jason Nalbandian, and VP of Investor Relations Andy Backman, will engage in a fireside chat and one-on-one meetings on December 5th, 2024 at 8:00 a.m. EST. The discussion will be accessible via live audio webcast on EMCOR's website and will remain available for replay until January 6, 2025.
EMCOR Group (NYSE: EME) has announced its participation in the Baird 2024 Global Industrial Conference in Chicago. The company's leadership team, including Chairman, President and CEO Tony Guzzi, CFO Jason Nalbandian, and VP of Investor Relations Andy Backman, will engage in a fireside chat and one-on-one meetings. The event is scheduled for November 12th, 2024, with the fireside chat beginning at 9:30 a.m. EST. The discussion will be accessible via live audio webcast on EMCOR's website and will remain available for replay until December 13, 2024.