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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) 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.
EMCOR Group, Inc. (NYSE: EME) has announced a regular quarterly cash dividend of $0.13 per common share, which will be disbursed on January 29, 2021. Stockholders of record as of January 19, 2021 will be eligible for this dividend. EMCOR Group is recognized as a Fortune 500 leader in mechanical and electrical construction services, along with industrial and energy infrastructure.
EMCOR Group, Inc. (NYSE: EME) has announced an increase in its quarterly dividend from $0.08 to $0.13 per share, effective January 29, 2021, for shareholders of record by January 19, 2021. The company projects an annualized dividend of $0.52 per share. CEO Tony Guzzi expressed confidence in EMCOR's financial strength and strategic investments for long-term growth. The firm emphasizes its strong balance sheet and consistent cash flow, which supports returning cash to shareholders while pursuing growth opportunities.
EMCOR Group, Inc. (NYSE: EME) invites investors to join a live Fire Side Chat at the Credit Suisse 8th Annual Industrials Virtual Conference on December 3rd at 3:10 p.m. ET. The chat will feature Chairman, President and CEO Tony Guzzi, Executive Vice President and CFO Mark Pompa, and Executive Vice President Kevin Matz. Interested parties can tune in via a webcast on the Company's website. An archived version of the chat will also be available for two weeks after the event.
Progressive Pipe Fabricators, part of Shambaugh & Son L.P., has opened a new 82,000-square-foot facility in Trinity, Alabama. The plant will produce over 20,000 individual sprinklers weekly and ship more than 1 million pounds of fabricated sprinkler pipe. This expansion enhances their sustainability efforts while creating 60 new jobs in the local community. The facility aims to serve a wider geographic area, reducing fuel consumption and improving market speed. The opening event attracted notable attendees from Alabama and the National Fire Sprinkler Association.
EMCOR Group, Inc. (NYSE: EME) reported its third-quarter 2020 results, revealing a net income of $61.2 million, down from $81.8 million in Q3 2019, primarily impacted by impairment charges. Revenues decreased 3.8% to $2.20 billion. Despite the decline, non-GAAP net income increased to $97 million, or $1.76 per diluted share. The company raised its full-year revenue guidance to approximately $8.7 billion and expects non-GAAP EPS between $5.90 and $6.10. EMCOR's strong operating income and cash flow generation demonstrate resilience amid COVID-19 challenges.
EMCOR Group, Inc. (NYSE: EME) will release its third quarter 2020 results on October 29, 2020, for the period ended September 30, 2020. The announcement will be accompanied by a conference call featuring Tony Guzzi, CEO, Mark Pompa, CFO, and Kevin Matz, EVP of Shared Services. The call will be accessible via a live webcast on the company's website at 10:30 AM EDT. A replay will be available two hours after the call until November 29, 2020. This release also contains forward-looking statements regarding future performance and risks associated with economic conditions and market dynamics.
EMCOR Group, Inc. (NYSE: EME) has declared a quarterly cash dividend of $0.08 per common share. This dividend will be paid on October 30, 2020, to stockholders of record as of October 16, 2020. EMCOR is recognized as a Fortune 500 leader in mechanical and electrical construction services, industrial and energy infrastructure, and building services.
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