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 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 (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.
EMCOR Group, Inc. (NYSE: EME) announced a quarterly cash dividend of
This dividend will be paid on
As a leader in mechanical and electrical construction services, EMCOR continues to demonstrate its commitment to returning value to shareholders.
EMCOR Group, Inc. reported record first-quarter revenues of $2.59 billion, a 12.5% increase year-over-year. However, diluted EPS decreased to $1.39 from $1.54 in the prior year. Remaining performance obligations surged to $5.95 billion, representing a 24.7% year-over-year growth. The company reaffirmed its full-year revenue guidance of $10.4 billion to $10.7 billion and EPS guidance of $7.15 to $7.85. Additionally, a new share repurchase program of $200 million was authorized by the board.
EMCOR Group, Inc. (NYSE: EME) plans to release its first quarter 2022 results on April 28, 2022, for the period ending March 31, 2022. A live conference call hosted by Tony Guzzi, Mark Pompa, and Kevin Matz will take place at 10:30 AM EDT. Investors can access the call via webcast on the company's website. A replay will be available two hours post-call and accessible until May 25, 2022. EMCOR, a Fortune 500 company, specializes in mechanical and electrical construction services and energy infrastructure.
EMCOR Group, Inc. (NYSE: EME) has declared a quarterly cash dividend of $0.13 per common share. This dividend will be paid on April 29, 2022 to shareholders of record as of April 18, 2022. The company, a leader in mechanical and electrical construction services, continues to demonstrate financial stability by returning value to its shareholders through consistent dividend payments.
EMCOR Group, Inc. reported record revenues of $2.64 billion for Q4 2021 and $9.90 billion for the full year, marking a year-over-year increase of 12.6%. The diluted earnings per share were $1.89 for Q4 and $7.06 for the full year. Remaining performance obligations rose by 21.9% to $5.60 billion. The company expects 2022 revenues between $10.4 billion and $10.7 billion. EMCOR's strong performance was attributed to growth in construction segments, robust demand, and effective management during supply chain disruptions.
EMCOR Group, Inc. (NYSE: EME) will release its fourth quarter 2021 results on February 24, 2022, for the period ending December 31, 2021. A conference call featuring key executives, including Tony Guzzi and Mark Pompa, will be held at 10:30 AM EST, accessible via a LIVE WEBCAST on the company's website. A replay will be available from March 24, 2022. EMCOR is recognized as a Fortune 500 leader in various construction and building services.
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