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Emcor Group Inc - EME STOCK NEWS

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.

Company Overview

Emcor Group Inc (EME) is a specialty contracting powerhouse predominantly active in the United States, renowned for providing robust mechanical construction, electrical construction, and facilities services. The company excels in planning, installing, operating, maintaining, and protecting critical infrastructure systems tailored for a diverse clientele spanning commercial, technology, manufacturing, industrial, healthcare, utility, and institutional sectors. With a structure comprising approximately 100 operating subsidiaries, Emcor has mastered the art of combining broad national reach with the precision of local operational expertise.

Core Business & Operational Segments

The fundamental business of Emcor Group Inc revolves around the delivery of integrated systems designed to ensure the smooth functioning of modern facilities. Its core segments include:

  • United States Mechanical Construction and Facilities Services: This segment is pivotal, focusing on the installation and maintenance of mechanical systems such as HVAC, lighting, and heating.
  • United States Electrical Construction and Facilities Services: Emphasizing the critical aspects of electrical installations, power generation, and essential building infrastructure.
  • United States Building Services: Dedicated to comprehensive facility management, including fire protection and security systems, ensuring that buildings operate safely and efficiently.
  • United States Industrial Services: Encompassing a broad array of services that cater to complex industrial environments, these offerings support the demands of technology-driven and manufacturing sectors.
  • United Kingdom Building Services: Extending its model internationally, this segment reflects the company’s adaptability in addressing diverse regulatory and operational requirements.

Market Position & Industry Significance

Emcor Group Inc stands as a significant entity in the construction and facilities services industry. Its business model is built on offering integrated solutions that combine design, installation, and maintenance, ensuring that both new structures and existing facilities operate seamlessly. This dual approach of constructing new critical infrastructure while supporting the upkeep of historical buildings showcases the company’s versatility. Emcor’s strategic execution across various market segments not only addresses the evolving utilities landscape but also underscores its commitment to operational excellence and safety. Its ability to integrate comprehensive facility services with specialized construction expertise has earned the company recognition in major business publications, a testament to its robust operational strategy and skilled workforce.

Expertise in Infrastructure Solutions

Central to Emcor's value proposition is its deep-seated knowledge in integrating complex infrastructure systems. The company’s seasoned approach, underpinned by relentless focus on safety, operational continuity, and technical excellence, positions it as an expert in managing sophisticated environments. Through layers of quality control and meticulous planning, Emcor ensures that all installations of electrical, mechanical, and building services meet demanding industry standards.

Competitive Landscape & Differentiation

Within a competitive landscape that includes other specialty contractors, Emcor differentiates itself by combining expansive national resources with localized expertise. This rare blend allows for both a broad service offering and custom-tailored project execution. Competitors may match on specific service lines, but Emcor’s integrated service model and comprehensive project lifecycle management provide a distinctive advantage, making it a trusted provider of critical infrastructure in diverse settings. The company’s operational agility and precise understanding of local regulatory environments further enhance its market relevance.

Customer-Centric Approach & Execution Excellence

Emcor Group Inc serves a wide range of customers, from large commercial enterprises to government agencies. Its customer-centric strategy is reflected in a business philosophy that prioritizes tailored solutions, high-quality execution, and robust maintenance support. The firm’s expansive presence across the United States, illustrated by its numerous operational locations, ensures that local needs are met with professionalism and care. The emphasis on team expertise and advanced technical capabilities cements its reputation as a reliable partner in creating and sustaining essential built environments.

In Summary

Emcor Group Inc embodies a balanced blend of operational depth and market breadth in the realm of mechanical and electrical construction and facilities services. With a focus on creating resilient infrastructure in the United States and select international markets, the company represents a critical facet of the broader construction ecosystem. Its structured approach to managing complex projects and commitment to quality and safety establish it as a valued entity in the core sectors it serves.

Rhea-AI Summary

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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EMCOR Group reported strong third quarter 2024 results with record quarterly revenues of $3.70 billion, up 15.3% year-over-year. Net income reached $270.3 million, with diluted EPS of $5.80, a 62.5% increase from Q3 2023. The company achieved record remaining performance obligations of $9.79 billion, up 13.4% year-over-year. Operating income was $363.5 million, representing 9.8% of revenues. Based on strong performance, EMCOR adjusted its 2024 revenue guidance to at least $14.5 billion and increased its diluted EPS guidance to $20.50-$21.00.

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FAQ

What is the current stock price of Emcor Group (EME)?

The current stock price of Emcor Group (EME) is $384.95 as of April 2, 2025.

What is the market cap of Emcor Group (EME)?

The market cap of Emcor Group (EME) is approximately 17.9B.

What is the core business of Emcor Group Inc?

Emcor Group Inc is primarily engaged in mechanical and electrical construction and facilities services. It provides integrated solutions that encompass planning, installing, operating, and maintaining critical infrastructure systems.

Which operational segments does Emcor Group Inc operate in?

The company operates through several segments including United States mechanical construction and facilities services, electrical construction and facilities services, building services, industrial services, as well as building services in the United Kingdom.

How does Emcor generate revenue?

Emcor generates revenue by providing comprehensive contracting services across various sectors. Its diversified portfolio includes installation, maintenance, and operational management of complex infrastructure systems for a wide range of clients.

What industries does Emcor Group Inc serve?

Emcor serves a broad spectrum of industries including commercial, technology, manufacturing, industrial, healthcare, utilities, and institutional sectors, ensuring reliable infrastructure support across these markets.

How does Emcor ensure localized excellence in its projects?

Emcor combines national resources with a local execution model, leveraging its extensive network of operating subsidiaries. This approach ensures that each project is tailored to regional demands and regulatory requirements.

What sets Emcor apart from other specialty contractors?

Emcor stands out due to its integrated service model that covers the full lifecycle of a project—from construction to maintenance. Its focus on both mechanical and electrical systems, coupled with a customer-centric approach, underscores its distinct market position.

How does Emcor maintain technical and operational expertise?

The company invests in a skilled workforce and comprehensive training initiatives, ensuring that its teams are well-versed in the latest industry practices. This commitment to quality helps maintain high standards across all its service offerings.

What are the market segments that contribute to Emcor's operations?

Emcor’s operations are segmented into mechanical construction, electrical construction, building services, and industrial services. Each segment is focused on delivering specialized support tailored to the unique demands of its respective market.
Emcor Group Inc

NYSE:EME

EME Rankings

EME Stock Data

17.88B
44.85M
1.54%
95.03%
2.06%
Engineering & Construction
Electrical Work
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United States
NORWALK