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. 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. 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.
EMCOR Group reported record quarterly revenues of $2.71 billion, an 11.1% year-over-year increase, with diluted EPS reaching $1.99. Remaining performance obligations grew to $6.46 billion, a 26.5% increase. The company raised its 2022 revenue guidance to approximately $10.8 billion and updated EPS guidance to $7.30 – $7.80. The Board approved a $500 million share repurchase program and increased the quarterly dividend to $0.15 per share. Despite supply chain challenges, EMCOR continues to experience robust demand across its segments.
EMCOR Group, Inc. (NYSE: EME) will release its second quarter 2022 results for the period ended June 30, 2022, on Thursday, July 28, 2022. A conference call will follow at 10:30 AM EDT, hosted by Chairman and CEO Tony Guzzi alongside CFO Mark Pompa and Kevin Matz, Executive VP of Shared Services. The call will be available via a live webcast on the company's website. A replay of the call will be accessible within two hours post-call and available until August 28, 2022.
EMCOR Group is a Fortune 500 leader in mechanical and electrical construction services.