EMCOR GROUP Reports 12.5% Increase in Total Revenue for Q2 2023
August 7, 2023
☀️Earnings Overview
For the second quarter of FY2023, ending June 30 2023, EMCOR GROUP ($NYSE:EME) reported total revenue of USD 3045.6 million, a year-on-year increase of 12.5%. Net income also rose to USD 140.6 million, representing a 39.7% increase compared to the corresponding quarter in the previous fiscal year. The earnings results were released on July 27 2023.
Analysis
GoodWhale has conducted an analysis of EMCOR GROUP‘s financials and based on the Star Chart, it is classified as a ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage. It is possible that investors such as value, growth, and dividend seekers may be interested in such a company. EMCOR GROUP has a high health score of 10/10 with regard to its cashflows and debt, meaning it is more than capable to sustain future operations in times of crisis. Additionally, EMCOR GROUP also stands strong in dividend, growth, profitability, and medium in asset. Its financials are in a strong position to attract investors looking for a solid and consistent return on their investment. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Emcor Group. More…
| Total Revenues | Net Income | Net Margin |
| 11.71k | 484.14 | 4.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Emcor Group. More…
| Operations | Investing | Financing |
| 731.72 | -135.91 | -361.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Emcor Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.91k | 3.79k | 44.53 |
Key Ratios Snapshot
Some of the financial key ratios for Emcor Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.2% | 14.2% | 5.8% |
| FCF Margin | ROE | ROA |
| 5.8% | 20.4% | 7.2% |
Peers
EMCOR Group Inc. is in the business of providing electrical and mechanical construction and facilities services. The company operates in three segments: Commercial & Industrial, Utilities & Power, and Federal. EMCOR Group Inc. has a market capitalization of $8.3 billion and its competitors include Comfort Systems USA Inc, Sterling Construction Co Inc, and NV5 Global Inc.
– Comfort Systems USA Inc ($NYSE:FIX)
Comfort Systems USA Inc is a leading provider of mechanical and electrical installation, maintenance, and repair services in the United States. The company has a market cap of 3.81 billion and a return on equity of 14.84%. Comfort Systems USA Inc provides a wide range of services to a diversified customer base, including commercial, industrial, and institutional clients. The company’s services include heating, ventilation, and air conditioning (HVAC), plumbing, piping, controls, and metalwork. Comfort Systems USA Inc has a strong commitment to safety, quality, and customer satisfaction. The company has a workforce of over 4,000 employees and operates in over 100 locations across the United States.
– Sterling Construction Co Inc ($NASDAQ:STRL)
Sterling Construction Company, Inc. engages in the construction of infrastructure for the development and maintenance of transportation and water infrastructure in the United States. The company operates through two segments, Transportation Infrastructure Construction, and Commercial and Industrial Construction. The Transportation Infrastructure Construction segment includes the construction of highways, roads, bridges, airfields, ports, light rail, and heavy rail systems. The Commercial and Industrial Construction segment comprises the construction of parking structures, office buildings, healthcare facilities, educational facilities, retail centers, and other commercial/industrial projects. Sterling Construction Company, Inc. was founded in 1956 and is headquartered in The Woodlands, Texas.
As of 2022, Sterling Construction Company’s market cap is 755.09 million dollars and its ROE is 23.39%. Sterling Construction Company is a construction company that operates in the United States, constructing various infrastructure projects such as highways, bridges, and office buildings.
– NV5 Global Inc ($NASDAQ:NVEE)
NV5 Global Inc. is a provider of professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets. The company has a market cap of $2.11 billion and a return on equity of 8.78%. NV5’s services include program management, project management, construction management, and general consulting. The company serves a variety of clients, including government agencies, municipalities, utilities, developers, and commercial and industrial businesses.
Summary
Investors in EMCOR GROUP saw a strong second quarter in FY2023, as the company reported total revenue of USD 3045.6 million, a 12.5% increase from the same period last year. Net income for the quarter was USD 140.6 million, up 39.7% from the previous year. This resulted in a positive stock price reaction on July 27th, 2023. EMCOR GROUP’s strong financial performance over the quarter is an encouraging sign for investors, and could be a sign of further growth in the future.
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