For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on. Value Score While good value is important, growth investors are more focused on a company's finan ...

During the quarter, the company observed strong demand for its specialty contracting services, indicating a positive business trajectory. Also, remaining performance obligations (RPOs) approached record levels and the pipeline remained robust. Owing to this solid performance, the company raised its financial guidance for 2024. EME reported adjusted earnings per share (EPS) of $5.25, surpassing the Zacks Consensus Estimate of $3.68 by 42.7%. The metric also increased 78% from the year-ago quarter's figure of ...

Record Quarterly Revenues of $3.67 billion, 20.4% Increase Year-over-Year Record Quarterly Diluted EPS of $5.25, 78.0% Increase Year-over-Year Remaining Performance Obligations of $9.0 billion, 8.6% Increase Year-over-Year Increases 2024 Revenue Guidance Range to $14.5 billion - $15.0 billion from $14.0 billion - $14.5 billion Increases 2024 Diluted EPS Guidance Range to $19.00 - $20.00 from $15.50 - $16.50 Operating income for the second quarter of 2024 was $332.8 million, or 9.1% of revenues, compared to ...

Financial Data and Key Metrics Changes - The company reported consolidated revenues of $3.67 billion, an increase of $621.3 million or 20.4% year-over-year, with organic revenue growth of 17.7% [33][41] - Operating income for the quarter was $332.8 million, representing an operating margin of 9.1%, compared to 6.5% a year ago [79] - Diluted earnings per share increased by 78% to $5.25 from $2.95 [53] Business Line Data and Key Metrics Changes - U.S. Mechanical Construction revenues were $1.7 billion, increasing nearly 39%, driven by short-duration projects and service work [34] - U.S. Electrical Construction revenues reached $800 million, an 18% increase, with significant growth in network and communications [48] - U.S. Building Services revenues were $781.1 million, a 13% increase, with strong demand in HVAC projects and retrofits [35] Market Data and Key Metrics Changes - The Midwest and Arizona markets showed strong performance, driven by auto, data centers, and general construction [14][15] - The U.K. Building Services segment reported revenues of $106.6 million, consistent with the prior year [36] - The company experienced a decline in revenues from the commercial market sector due to reduced demand in commercial real estate [49] Company Strategy and Development Direction - The company is focused on expanding its geographic presence and has a robust acquisition program [6] - There is a strong emphasis on disciplined execution and safety, which positions the company well with key customers [7] - The company is targeting high-tech manufacturing and data center markets for future growth [16] Management's Comments on Operating Environment and Future Outlook - Management remains bullish on high-tech manufacturing and reshoring trends, which were accelerated by COVID-19 [3] - The company anticipates continued strong demand in sectors such as health care and traditional manufacturing [64] - Macro factors like higher interest rates and global conflicts are acknowledged as challenges, but the company plans to navigate these effectively [65] Other Important Information - The company successfully closed four acquisitions in the quarter for a total of $173 million [46] - RPOs (Remaining Performance Obligations) reached approximately $9 billion, up 8.6% year-over-year [63] - The company maintains a strong balance sheet with significant cash generation, allowing for organic growth and strategic M&A [55] Q&A Session Summary Question: Pipeline of potential opportunities in high-tech manufacturing - Management expressed confidence in the long-term projects in the semiconductor sector, emphasizing the ongoing reshoring trend [96][97] Question: Labor availability and resource management - Management indicated that while there are no significant labor shortages, they are focused on workforce development and effective resource deployment [105][106] Question: M&A versus share repurchases - The company plans to balance M&A activities with returning cash to shareholders, emphasizing a disciplined approach to acquisitions [112][113]

This quarterly report represents an earnings surprise of 42.66%. A quarter ago, it was expected that this construction and maintenance company would post earnings of $2.92 per share when it actually produced earnings of $4.17, delivering a surprise of 42.81%. Emcor Group, which belongs to the Zacks Building Products - Heavy Construction industry, posted revenues of $3.67 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.45%. This compares to year-ago revenues of $3.05 bil ...

(Exact Name of Registrant as Specified in Its Charter) Table of Contents EMCOR Group, Inc. TABLE OF CONTENTS | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------|-------|-----------------------------|-------|---------------------| | ASSETS | | (Unaudited) June 30, 2024 | | December 31, 2023 | | Current assets: | | | | | | Cash and cash equivalents | $ | 807,318 | $ | 789,750 | | Accounts ...

EMCOR Group, Inc. (EME) is scheduled to report second-quarter 2024 results on Jul 25, before the opening bell. In the last reported quarter, the company posted stellar earnings on the back of operational excellence despite inflationary pressure. Its adjusted earnings per share (EPS) handily surpassed analysts' expectations by 42.8% and increased 79.7% from the year-ago quarter. Revenues also grew 18.7% year over year due to a continued strong mix and pipeline of projects in large and growing market sectors ...

When looking at the last two reports, this construction and maintenance company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 35.08%, on average, in the last two quarters. Price and EPS Surprise when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks C ...

EMCOR Group, Inc. (EME) shares surged 67.7% in the year-to-date period (YTD), outperforming the Zacks Building Products - Heavy Construction industry's 52.9% growth. The broader Construction sector rose 12.9% and the S&P 500 grew 16.1% in the same time frame. On a further impressive note, the stock outpaced its peers like Dycom Industries, Inc. (DY) , MasTec, Inc. (MTZ) and Fluor Corporation (FLR) , which surged 51.7%, 36.5% and 24.3%, respectively, in YTD. Image Source: Zacks Investment Research Investing ...

Emcor Group (EME) closed the most recent trading day at $375.46, moving +0.72% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.88%. Meanwhile, the Dow gained 0.08%, and the Nasdaq, a tech-heavy index, lost 1.95%. The upcoming earnings release of Emcor Group will be of great interest to investors. On that day, Emcor Group is projected to report earnings of $3.50 per share, which would represent year-over-year growth of 18.64%. Our research shows that these es ...