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EMCOR Group, Inc. (NYSE: EME) is a distinguished Fortune 500 company with estimated 2017 revenues of around $7.6 billion. As a leader in mechanical and electrical construction, industrial and energy infrastructure, and building services, EMCOR is at the forefront of providing critical infrastructure systems. The company breathes life into new structures and sustains existing ones by expertly planning, installing, operating, maintaining, and protecting the sophisticated systems that create functional and efficient facility environments.
These systems include electrical, mechanical, lighting, air conditioning, heating, security, fire protection, and power generation systems. EMCOR's extensive reach spans virtually every sector of the economy, catering to a diverse range of businesses, organizations, and government entities.
With a unique blend of broad reach and local execution, EMCOR combines the strength of an industry leader with the local knowledge and care offered by its 170 locations. The company's approximately 33,000 skilled employees play a crucial role in delivering top-notch services, making EMCOR a top choice in its industry as recognized by leading business publications.
EMCOR's services are provided through about 100 operating subsidiaries, organized into key reportable segments: United States electrical construction and facilities services, United States mechanical construction and facilities services, United States building services, United States industrial services, and United Kingdom building services. While a majority of the revenue is generated from the United States, EMCOR maintains a significant presence in the United Kingdom as well.
EMCOR Group, Inc. reported record revenues of $2.95 billion for Q4 2022 and $11.08 billion for the full year, a rise of 11.7% and 11.8% year-over-year, respectively. Diluted EPS also set records at $2.63 for Q4 and $8.10 for the full year. Remaining performance obligations reached $7.46 billion, marking a 33.2% increase year-over-year. The company expects 2023 revenues between $12.0 billion and $12.5 billion, with diluted EPS guidance of $8.75 to $9.50. Additionally, EMCOR's Board approved a dividend increase to $0.18 per share. Chairman Tony Guzzi highlighted strong demand across various sectors despite supply chain challenges.
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.
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