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 Fortune 500 and S&P 500 company in the construction sector, described as a leader in mechanical and electrical construction services, industrial and energy infrastructure, and building services. The EMCOR news feed on this page aggregates company announcements, earnings releases, transaction updates, and other disclosures that the company distributes through press releases and SEC filings.
Readers can find news about EMCOR’s quarterly and annual financial results, including information on revenues, operating income, operating margins, and Remaining Performance Obligations as reported in its releases. The company also issues news on capital allocation actions, such as regular quarterly dividends, dividend increases, and changes to its share repurchase authorization, along with commentary from management on its financial position and outlook.
In addition, EMCOR publishes updates on corporate governance and leadership, for example the election of new members to its Board of Directors, as well as participation in investor conferences and fireside chats hosted by financial institutions. These items typically include webcast details and references to investor presentations made available through the company’s communication channels.
Transaction-related news is another key category, such as EMCOR’s agreement to sell and subsequent completion of the sale of EMCOR Group (UK) plc, its United Kingdom building services segment, to OCS Group UK Limited. Such releases outline strategic rationale, expected financial effects, and comments from EMCOR and counterparties. Investors and researchers can use this news page as a centralized view of EMCOR’s public announcements over time.
EMCOR Group (NYSE: EME) plans to release its fourth quarter 2022 results on February 23, 2023. The results will be followed by a live conference call at 10:30 AM EST, hosted by key executives including Tony Guzzi, Chairman and CEO, and Mark Pompa, CFO. Investors can access the call via the company's website and a replay will be available until March 23, 2023.
EMCOR Group is recognized as a Fortune 500 leader in mechanical and electrical construction services, as well as in industrial and energy infrastructure.
EMCOR Group, Inc. (NYSE: EME) has declared a quarterly cash dividend of $0.15 per common share, to be paid on January 31, 2023, to stockholders of record as of January 17, 2023. The company, a leader in mechanical and electrical construction services, continues to deliver shareholder value through regular dividends. This decision reflects EMCOR's robust financial position and commitment to returning income to its investors.
EMCOR Group, Inc. has appointed Rebecca A. Weyenberg to its Board of Directors, effective December 14, 2022. Currently the CFO of Astec Industries, Weyenberg brings extensive experience in financial leadership and strategic acquisitions, particularly in construction and manufacturing sectors. Chairman Anthony J. Guzzi emphasized her potential to drive long-term value for shareholders due to her robust background in finance. Weyenberg holds a B.A. in Accounting from Carthage College and has previously held key positions at Welbilt and AGCO.
Bahnson, Inc. has announced a $1,500 contribution to Wreaths Across America to support its mission of honoring U.S. veterans. This donation will aid in placing veteran wreaths at Raleigh National Cemetery and Crestview Memorial Park in North Carolina. The company is urging employees to volunteer for local events. CEO Andy Backus highlighted the significance of this mission to numerous veterans within the company. Wreaths Across America Executive Director Karen Worcester acknowledged Bahnson's support as vital for fulfilling their goals.
EMCOR Group, Inc. (NYSE: EME) reported record quarterly revenues of $2.83 billion, reflecting a 12.1% year-over-year increase. The diluted earnings per share reached $2.16, up from $1.85 a year ago. Remaining performance obligations also hit a record high of $7.10 billion, a 32.0% increase year-over-year. The company raised its 2022 revenue guidance to $11.0 billion and earnings per share guidance to $7.60 - $7.85. Shareholder returns totaled approximately $677 million year-to-date.
EMCOR Group, Inc. (NYSE: EME) will announce its third quarter 2022 results on October 27, 2022, for the period ending September 30, 2022. The results will be followed by a live conference call hosted by CEO Tony Guzzi, CFO Mark Pompa, and EVP Kevin Matz at 10:30 AM EDT. A replay will be available two hours post-call, lasting until November 27, 2022. EMCOR is recognized as a leader in mechanical and electrical construction services, industrial and energy infrastructure, and building services.
EMCOR Group, Inc. (NYSE: EME) has declared a quarterly cash dividend of $0.15 per common share. This dividend will be payable on October 31, 2022, to stockholders of record as of October 18, 2022. As a Fortune 500 leader in mechanical and electrical construction, EMCOR continues to demonstrate its commitment to returning value to shareholders through regular dividends.
EMCOR Group, Inc. (NYSE: EME) announced that its executives, including Chairman Tony Guzzi and President Mike Bordes, will participate in a fireside chat at the D.A. Davidson 21st Annual Diversified Industrials & Services Conference on September 22, 2022, at 11:15 a.m. EDT. The event will be available for live streaming via the WEBCAST link on their website. An archived audio presentation will be accessible for two weeks following the event. EMCOR is a leader in mechanical and electrical construction, energy infrastructure, and building services.
EMCOR Group (NYSE: EME) announced a five-year contract with Siemens Energy, covering 49 sites in North America and 30 sites across Europe, including 15 in the UK. The contract will enhance service delivery through EMCOR Facilities Services (EFS) and EMCOR UK, employing over 220 employees to provide hard and soft facilities management services. This integrated approach aims to achieve cost reductions and service standardization across Siemens Energy's portfolio, strengthening the long-standing partnership that began in 2014.
EMCOR Group, Inc. (NYSE: EME) has acquired Gaston Electrical Co., LLC, a prominent electrical construction contractor in the Greater Boston Area. Founded in 1934, Gaston generated approximately $140 million in revenue for 2022, with $120 million in remaining performance obligations. This acquisition strengthens EMCOR's presence in the Northeast and enhances its service capabilities in core markets such as life sciences and data centers. The terms of the transaction were undisclosed.