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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. (NYSE: EME) has declared a quarterly cash dividend of $0.13 per common share. This dividend will be paid on July 30, 2021, to stockholders of record as of July 19, 2021. EMCOR, a Fortune 500 leader in mechanical and electrical construction, and energy infrastructure, continues to demonstrate its commitment to returning value to its shareholders through consistent dividend payments.
EMCOR Group reported a strong Q1 2021, with net income rising to $84.8 million ($1.54/share), up from $75.7 million ($1.35/share) last year. Revenues reached $2.30 billion, a 0.2% increase year-over-year. Operating income was $117.0 million (5.1% of revenues), compared to $106.0 million (4.6%). The company saw $4.78 billion in remaining performance obligations, up 7.9% year-over-year. EMCOR raised its full-year earnings per share guidance to $6.35 to $6.75 from $6.20 to $6.70, while maintaining its revenue guidance of $9.2 billion to $9.4 billion.
EMCOR Group, Inc. (NYSE: EME) will release its first quarter 2021 results for the period ending March 31, 2021, on April 29, 2021. The company will host a conference call that same day at 10:30 AM EDT, featuring key executives including CEO Tony Guzzi and CFO Mark Pompa. Investors can access the call via a webcast on EMCOR's website. A replay will be available two hours post-call, lasting until May 29, 2021. EMCOR is recognized as a Fortune 500 leader in mechanical and electrical construction services.
EMCOR Group, Inc. (NYSE: EME) has declared a regular quarterly cash dividend of $0.13 per common share, set to be paid on April 30, 2021. Stockholders on record as of April 16, 2021 will receive this dividend. EMCOR is recognized as a Fortune 500 leader in mechanical and electrical construction, energy infrastructure, and building services, reflecting its strong position in the industry.
EMCOR Group, Inc. (NYSE: EME) has finalized its acquisition of Dallas Mechanical Group, LLC (DMG), a prominent provider of mechanical construction services located in Dallas, TX. This acquisition enhances EMCOR’s Building Services segment, allowing for expanded energy-efficient installation, maintenance, and repair services across North Texas. DMG services various sectors, including commercial, healthcare, and government. EMCOR's leadership anticipates increased capabilities and synergies with DMG, aiming to broaden their innovative service offerings in the region.
Shambaugh & Son, a subsidiary of EMCOR Group, has completed a state-of-the-art cheese processing and whey drying facility for MWC, LLC. This facility, recognized with a 2021 Manufacturing Innovation Award, can process 25% of Michigan's milk and produces 850,000 pounds of cheese daily. The project involved significant technological advancements and a billion-dollar investment in the Michigan dairy industry. MWC is a joint venture of Glanbia plc, Select Milk Producers, and Dairy Farmers of America. The construction utilized advanced methods, integrating models from multiple vendors for seamless execution.
EMCOR Group, Inc. (NYSE: EME) has promoted Maxine Lum Mauricio to Executive Vice President, effective immediately. She will continue to serve as General Counsel and Corporate Secretary, overseeing legal, cybersecurity, and diversity initiatives. CEO Anthony J. Guzzi praised Mauricio's leadership and her critical role in strategic decision-making. She has been with the company since 2002 and held various positions, including Deputy General Counsel and General Counsel. Mauricio is also a board member of Novanta Inc. and holds degrees from Dartmouth College and Harvard Law School.
EMCOR Group, Inc. (NYSE: EME) reported its fourth quarter and full-year financial results for 2020, showing net income of $79.8 million, down from $86.9 million in Q4 2019. Revenue for Q4 decreased by 5.1% to $2.28 billion. Despite challenges, non-GAAP net income rose to $102.8 million. The company's operating income improved to $137.6 million, or 6.0% of revenues. Full-year revenues declined 4.1% to $8.80 billion. Looking ahead, EMCOR expects 2021 revenues between $9.2 billion and $9.4 billion and EPS of $6.20 to $6.70, reflecting cautious optimism.
EMCOR Group, Inc. (NYSE: EME) announced the election of Major General (U.S. Army, Retired) Ronald L. Johnson to its Board of Directors, effective March 1, 2021. With over 40 years of leadership experience, Johnson is Professor of Practice at Georgia Tech and has a background in the NBA as Senior Vice President, Referee Operations. His extensive military career includes serving as Deputy Commanding General in the U.S. Army. CEO Anthony J. Guzzi praised Johnson's strategic expertise, anticipating his contributions to growth and shareholder value.
EMCOR Group, Inc. (NYSE: EME) will announce its fourth quarter 2020 results on February 25, 2021. The conference call will start at 10:30 AM EST and will be hosted by CEO Tony Guzzi and CFO Mark Pompa, among others. The call will be available live via a webcast on their website, with a replay accessible two hours post-call until March 25, 2021. EMCOR is known for its capabilities in mechanical and electrical construction, industrial and energy infrastructure, and building services.
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