EMCOR GROUP Posts Impressive Earnings, Surpassing Expectations by $0.49 and $20M in Revenue
April 29, 2023
Trending News ☀️
Recently, the company posted impressive earnings, surpassing expectations by $0.49 per share and generating $20M more in revenue than anticipated. Additionally, the company’s revenue of $2.89B exceeded estimates by an impressive $20M. This impressive performance reflects the success of EMCOR ($NYSE:EME)’s diverse business model and strategic investments in new technologies and services. With this impressive performance, it is no surprise that EMCOR is continuing to gain investor confidence and outperforming expectations.
Share Price
On Thursday, EMCOR GROUP stock opened at $162.1 and closed at $171.4, a rise of 8.6% from the previous day’s closing price of 157.9. The strong performance was attributed to an increase in sales across all divisions, as well as a decrease in operating costs. These results are a testament to the success of EMCOR GROUP’s strategy of diversifying its business and expanding into new markets. These impressive earnings have further strengthened the company’s financial position, increasing investor confidence in their future prospects. Live Quote…
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 |
| 11.08k | 406.12 | 3.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Emcor Group. More…
| Operations | Investing | Financing |
| 497.93 | -140.8 | -710.12 |
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 |
| 5.52k | 3.55k | 41.4 |
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 |
| 6.5% | 6.9% | 5.2% |
| FCF Margin | ROE | ROA |
| 4.1% | 18.7% | 6.5% |
Analysis
At GoodWhale, we recently conducted an analysis of EMCOR GROUP‘s fundamentals. After our in-depth assessment, we have determined that the company is a medium risk investment when it comes to financial and business aspects. We have also detected two risk warnings in the income sheet that are not related to financial matters. If you’re interested in learning more about these warnings, be sure to register with us to get the full scoop. More…
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
EMCOR Group is an American electrical and mechanical construction and facilities services corporation. Revenue came in at $2.89 billion, beating estimates by $20 million. This positive news sent the company’s stock up the same day, giving investors optimism that the company’s performance will continue strong in the upcoming quarters. Investors should keep an eye on EMCOR Group’s future reports to gauge the company’s financial health and determine whether it is a good investment opportunity.
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