Announcement • Apr 29
EMCOR Group, Inc. Raises Earnings Guidance for the Full Year 2026 EMCOR Group, Inc. raised earnings guidance for the full year 2026. For the year, Expected revenues to be in range of $18.50 billion to $19.25 billion against previous guidance of $17.75 billion to $18.50 billion. Diluted EPS expected to be in range of $28.25 to $29.75 against previous guidance range of $27.25 to $29.25. Operating Margin expected t be in range of 9.0% to 9.4% against previous guidance range of 9.0% to 9.4%. Announcement • Apr 22
EMCOR Group, Inc., Annual General Meeting, Jun 04, 2026 EMCOR Group, Inc., Annual General Meeting, Jun 04, 2026. Location: 301 merritt seven, norwalk, connecticut, United States Announcement • Apr 15
EMCOR Group, Inc. to Report Q1, 2026 Results on Apr 29, 2026 EMCOR Group, Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 29, 2026 Announcement • Apr 02
EMCOR Group, Inc. Declares Regular Quarterly Dividend, Payable on April 30, 2026 EMCOR Group, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.40 per common share. The dividend will be paid on April 30, 2026 to stockholders of record as of April 16, 2026. Announcement • Feb 26
EMCOR Group, Inc. Provides Earnings Guidance for Full Year 2026 EMCOR Group, Inc. provided earnings guidance for the full year 2026. For the period, the company expects revenues of $17.75 billion – $18.50 billion, Operating Margin of 9.0% – 9.4% and Diluted EPS of $27.25 – $29.25. Announcement • Feb 09
EMCOR Group, Inc. to Report Q4, 2025 Results on Feb 26, 2026 EMCOR Group, Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 26, 2026 Announcement • Jan 02
Emcor Group, Inc. Declares Regular Quarterly Dividend, Payable on January 30, 2026 EMCOR Group, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.40 per common share. The dividend will be paid on January 30, 2026 to stockholders of record as of January 14, 2026. Announcement • Dec 18
EMCOR Group, Inc. Provides Cash Dividend Guidance for the First Quarter of 2026 EMCOR Group, Inc. announced that its Board of Directors has approved an increase to the Company’s regular quarterly dividend to $0.40 per share from $0.25 per share. The Board expects to declare this cash dividend starting in the first quarter of 2026. Announcement • Oct 30
Emcor Group, Inc. Updates Earning Guidance for the Full Year 2025 EMCOR Group, Inc. updated earning guidance for the full year 2025. For the year, the company expected revenues of $16.7 billion – $16.8 billion compared to previous guidance of $16.4 billion – $16.9 billion. Announcement • Oct 29
EMCOR Group, Inc Appoints Pat Roche to its Board of Directors, Effective October 27, 2025 EMCOR Group, Inc. announced on October 29, 2025 the election of Pat Roche to the Company’s Board of Directors, effective October 27, 2025. Mr. Roche, 62, is currently President and Chief Executive Officer of Moog Inc. He also serves on the Board of Directors of Moog. Mr. Roche became CEO of Moog in 2023 after serving as Executive Vice President and Chief Operating Officer of Moog since 2021. He previously held various leadership positions at Moog, including Vice President and President of the Industrial Systems Group. Mr. Roche received a Bachelor of Engineering, Master of Engineering Science and MBA degrees from the University College Cork, Ireland and completed the Advanced Management Program at Harvard Business School. Pat is a Chartered Engineer and Fellow of Engineers, Ireland. Announcement • Oct 16
EMCOR Group, Inc. to Report Q3, 2025 Results on Oct 30, 2025 EMCOR Group, Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 30, 2025 Announcement • Oct 04
EMCOR Group, Inc. Declares Regular Quarterly Cash Dividend, Payable October 30, 2025 EMCOR Group, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.25 per common share. The dividend will be paid on October 30, 2025 to stockholders of record as of October 15, 2025. Announcement • Sep 25
OCS Group UK Ltd entered into a definitive agreement to acquire EMCOR Group (UK) plc from EMCOR Group, Inc. (NYSE:EME) for enterprise value of approximately £190 million. OCS Group UK Ltd entered into a definitive agreement to acquire EMCOR Group (UK) plc from EMCOR Group, Inc. (NYSE:EME) for enterprise value of approximately £190 million on September 24, 2025.
For the period ending December 31, 2024, EMCOR Group (UK) plc reported total revenue of £339.88 million and EBIT of £17.17 million.
The transaction is subject to approval by U.K. National Security and Investment (NSIA) clearance. The deal has been unanimously approved by the OCS Group and EMCOR board. The transaction is expected to close by the end of 2025.
EMCOR Group intends to use the proceeds from this sale to expand our electrical and mechanical construction and mechanical services businesses, including through disciplined acquisitions, to provide customers with more comprehensive service offerings.
The transaction is expected to be accretive to EMCOR’s operating margin profile.
Evercore Partners International LLP acted as financial advisor for EMCOR Group, Inc. Ropes & Gray International LLP acted as legal advisor for EMCOR Group, Inc. Weil, Gotshal & Manges LLP acted as legal advisor for OCS Group UK Ltd. Announcement • Jul 31
EMCOR Group, Inc. Provides Earnings Guidance for the Year Full Year 2025 EMCOR Group, Inc. provided earnings guidance for the year full year 2025, For the year, company expected Revenues to be in range of $16.4 billion – $16.9 billion as compared to the previous revenue guidance in range of $16.1 billion - $16.9 billion. Announcement • Jul 17
EMCOR Group, Inc. to Report Q2, 2025 Results on Jul 31, 2025 EMCOR Group, Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 31, 2025 Announcement • Jul 04
EMCOR Group, Inc. Declares Regular Quarterly Dividend, Payable on July 31, 2025 EMCOR Group, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.25 per common share. The dividend will be paid on July 31, 2025 to stockholders of record as of July 15, 2025. Announcement • Apr 30
EMCOR Group, Inc. Revises Earnings Guidance for the Year 2025 EMCOR Group, Inc. revised earnings guidance for the year 2025. For the year, the company reaffirmed revenues of $16.1 billion - $16.9 billion compared to previous guidance of $16.1 billion - $16.9 billion. Announcement • Apr 24
EMCOR Group, Inc., Annual General Meeting, Jun 05, 2025 EMCOR Group, Inc., Annual General Meeting, Jun 05, 2025. Location: the delamar hotel, 275 old post road, connecticut, United States Announcement • Apr 16
EMCOR Group, Inc. to Report Q1, 2025 Results on Apr 30, 2025 EMCOR Group, Inc. announced that they will report Q1, 2025 results at 9:30 AM, US Eastern Standard Time on Apr 30, 2025 Announcement • Apr 08
EMCOR Group, Inc. Declares Regular Quarterly Dividend, Payable on April 30, 2025 EMCOR Group, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.25 per common share. The dividend will be paid on April 30, 2025 to stockholders of record as of April 17, 2025. Announcement • Feb 26
EMCOR Group, Inc. Provides Financial Guidance for the Full Year of 2025 EMCOR Group, Inc. provides financial guidance for the full year of 2025. For the period, based on anticipated project mix and current visibility into the coming year, the company expects revenues to be between $16.1 billion and $16.9 billion. Diluted earnings per share to be in the range of $22.25 to $24.00. Announcement • Feb 04
EMCOR Group, Inc. (NYSE:EME) completed the acquisition of Miller Electric Company, Inc. EMCOR Group, Inc. (NYSE:EME) signed a definitive agreement to acquire Miller Electric Company, Inc. for approximately $870 million on January 14, 2025. A cash consideration of $865 million will be paid by EMCOR Group, Inc. As part of consideration, $865 million is paid towards common equity of Miller Electric Company, Inc. The transaction will be financed through equity investment of $865 million. Following the acquisition, Henry Brown will continue to serve as CEO of Miller Electric with the Miller Electric leadership team remaining in place. Miller Electric will remain headquartered in Jacksonville, Florida.
The deal has been unanimously approved by the board. Hart-Scott-Rodino approval has already been obtained for the transaction. The expected completion of the transaction is in the first half of 2025. The transaction is expected to be modestly accretive to EMCOR’s earnings per share in 2025.
Evercore Inc. acted as financial advisor for EMCOR Group, Inc. Ropes & Gray LLP acted as legal advisor for EMCOR Group, Inc. Stephens Inc. acted as financial advisor for Miller Electric Company, Inc. Driver, McAfee, Hawthorne & Diebenow, PLLC acted as legal advisor for Miller Electric Company, Inc.
EMCOR Group, Inc. (NYSE:EME) completed the acquisition of Miller Electric Company, Inc. on February 3, 2025. Announcement • Jan 15
EMCOR Group, Inc. (NYSE:EME) signed a definitive agreement to acquire Miller Electric Company, Inc. for approximately $870 million. EMCOR Group, Inc. (NYSE:EME) signed a definitive agreement to acquire Miller Electric Company, Inc. for approximately $870 million on January 14, 2025. A cash consideration of $865 million will be paid by EMCOR Group, Inc. As part of consideration, $865 million is paid towards common equity of Miller Electric Company, Inc. The transaction will be financed through equity investment of $865 million.
The deal has been unanimously approved by the board. Hart-Scott-Rodino approval has already been obtained for the transaction. The expected completion of the transaction is in the first half of 2025. Henry Brown will continue to serve as CEO of Miller Electric with the Miller Electric leadership team remaining in place. Miller Electric will remain headquartered in Jacksonville, Florida.
Evercore Inc. acted as financial advisor for EMCOR Group, Inc. Ropes & Gray LLP acted as legal advisor for EMCOR Group, Inc. Stephens Inc. acted as financial advisor for Miller Electric Company, Inc. Driver, McAfee, Hawthorne & Diebenow, PLLC acted as legal advisor for Miller Electric Company, Inc. Announcement • Jan 14
EMCOR Group, Inc. to Report Q4, 2024 Results on Feb 26, 2025 EMCOR Group, Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 26, 2025 Announcement • Jan 03
EMCOR Group, Inc. Declares Regular Quarterly Dividend, Payable on January 31, 2025 EMCOR Group, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.25 per common share. The dividend will be paid on January 31, 2025 to stockholders of record as of January 16, 2025. Announcement • Dec 19
EMCOR Group, Inc. Elects Amy E. Dahl to Board of Directors EMCOR Group, Inc. announced the election to the company’s Board of Directors of Amy E. Dahl, effective December 18, 2024. In her current role at Toro, Ms. Dahl oversees an international division that spans over 125 countries and implements global strategies across the company’s businesses. Since joining Toro as Corporate Counsel in 2007, she has held various leadership positions, including Vice President, General Counsel and Corporate Secretary; Vice President of Human Resources; and Managing Director of Corporate Communications and Investor Relations. Additionally, Ms. Dahl serves on the Board of Directors of The Toro Company Foundation, which supports local charitable organizations and civic projects worldwide, as well as on the Board of Directors of the Greater Twin Cities United Way. Prior to joining Toro, Ms. Dahl practiced law specializing in securities law, corporate governance, mergers and acquisitions and general corporate law with Norton Rose Fulbright, a global law firm, and Lathrop GPM, a US regional law firm. Ms. Dahl received a B.A. in Political Science from The University of Minnesota, and a J.D. from The University of North Dakota School of Law, Order of the Coif. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €469, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 320% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €701 per share. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$5.83 (vs US$3.59 in 3Q 2023) Third quarter 2024 results: EPS: US$5.83 (up from US$3.59 in 3Q 2023). Revenue: US$3.70b (up 15% from 3Q 2023). Net income: US$270.3m (up 60% from 3Q 2023). Profit margin: 7.3% (up from 5.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 01
EMCOR Group, Inc. Increases Earnings Guidance for the Full Year 2024 EMCOR Group, Inc. increased earnings guidance for the full year 2024. For the year, company increased diluted earnings per share guidance range to $20.50 - $21.00, from the prior guidance range of $19.00 - $20.00. Announcement • Oct 17
EMCOR Group, Inc. to Report Q3, 2024 Results on Oct 31, 2024 EMCOR Group, Inc. announced that they will report Q3, 2024 results Pre-Market on Oct 31, 2024 Declared Dividend • Oct 07
Second quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 15th October 2024 Payment date: 30th October 2024 Dividend yield will be 0.2%, which is lower than the industry average of 2.9%. Payout Ratios Payout ratio: 5%. Cash payout ratio: 5%. Announcement • Oct 03
EMCOR Group, Inc. Declares Regular Quarterly Dividend, Payable on October 30, 2024 EMCOR Group, In announced that its Board of Directors has declared a regular quarterly cash dividend of $0.25 per common share. The dividend will be paid on October 30, 2024 to stockholders of record as of October 15, 2024. New Risk • Aug 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Significant insider selling over the past 3 months (€2.5m sold). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €290, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 182% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €444 per share. Buy Or Sell Opportunity • Jul 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.3% to €319. The fair value is estimated to be €408, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 11% in a year. Earnings are forecast to grow by 16% in the next year. Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: US$5.27 (vs US$2.97 in 2Q 2023) Second quarter 2024 results: EPS: US$5.27 (up from US$2.97 in 2Q 2023). Revenue: US$3.67b (up 20% from 2Q 2023). Net income: US$247.6m (up 76% from 2Q 2023). Profit margin: 6.8% (up from 4.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 12
EMCOR Group, Inc. to Report Q2, 2024 Results on Jul 24, 2024 EMCOR Group, Inc. announced that they will report Q2, 2024 results Pre-Market on Jul 24, 2024 Declared Dividend • Jul 08
First quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 15th July 2024 Payment date: 30th July 2024 Dividend yield will be 0.2%, which is lower than the industry average of 2.9%. Payout Ratios Payout ratio: 5%. Cash payout ratio: 5%. Announcement • Jul 04
EMCOR Group, Inc. Declares Regular Quarterly Dividend,Payable on July 30, 2024 EMCOR Group, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.25 per common share. The dividend will be paid on July 30, 2024 to stockholders of record as of July 15, 2024. Recent Insider Transactions • May 24
Chief Administrative Officer recently sold €1.7m worth of stock On the 22nd of May, Maxine Mauricio sold around 5k shares on-market at roughly €360 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.8m. Insiders have been net sellers, collectively disposing of €6.4m more than they bought in the last 12 months. Buy Or Sell Opportunity • Apr 26
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 61% to €326. The fair value is estimated to be €267, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 9.3% in the next 2 years. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: US$4.18 (vs US$2.33 in 1Q 2023) First quarter 2024 results: EPS: US$4.18 (up from US$2.33 in 1Q 2023). Revenue: US$3.43b (up 19% from 1Q 2023). Net income: US$197.1m (up 77% from 1Q 2023). Profit margin: 5.7% (up from 3.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 12
EMCOR Group, Inc. to Report Q1, 2024 Results on Apr 25, 2024 EMCOR Group, Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 25, 2024 Declared Dividend • Apr 08
Fourth quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 15th April 2024 Payment date: 30th April 2024 Dividend yield will be 0.2%, which is lower than the industry average of 2.9%. Payout Ratios Payout ratio: 5%. Cash payout ratio: 6%. Announcement • Apr 05
EMCOR Group, Inc. Declares Quarterly Cash Dividend, Payable on April 30, 2024 EMCOR Group, Inc. announced that its board of directors has declared a regular quarterly cash dividend of $0.25 per common share. The dividend will be paid on April 30, 2024 to stockholders of record as of April 16, 2024. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Director Becky Weyenberg was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 13
Chairman recently sold €1.8m worth of stock On the 12th of March, Anthony Guzzi sold around 6k shares on-market at roughly €293 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €298, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 235% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €417 per share. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: US$13.37 (vs US$8.13 in FY 2022) Full year 2023 results: EPS: US$13.37 (up from US$8.13 in FY 2022). Revenue: US$12.6b (up 14% from FY 2022). Net income: US$633.0m (up 56% from FY 2022). Profit margin: 5.0% (up from 3.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 45% per year. Announcement • Feb 08
EMCOR Group, Inc. to Report Q4, 2023 Results on Feb 28, 2024 EMCOR Group, Inc. announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Feb 28, 2024 Announcement • Dec 17
EMCOR Group, Inc. Announces Executive Changes, Effective April 1, 2024 EMCOR Group, Inc. announced that, as part of a planned realignment of responsibilities, Mark A. Pompa, Executive Vice President and Chief Financial Officer, will step down from their respective positions, effective April 1, 2024. The Company also announced that Jason R. Nalbandian, EMCOR’s Chief Accounting Officer, will succeed Mr. Pompa as Senior Vice President and Chief Financial Officer and will maintain his current Chief Accounting Officer responsibilities. Mr. Nalbandian brings 15 years of financial experience and deep industry expertise. He has served as Chief Accounting Officer of EMCOR since 2022 and a Senior Vice President since January 2023. He previously served as Controller of the Company from February 2019 to January 2022 and as Assistant Controller of the Company from January 2017 to February 2019. Mr. Nalbandian joined the Company in May 2014 as Director of Accounting and Analysis. Prior to joining EMCOR, Mr. Nalbandian worked in the assurance practice of Ernst & Young LLP. He is a Certified Public Accountant and received both a bachelor’s degree and a master’s degree in accounting from Fairfield University. Recent Insider Transactions • Nov 16
Insider recently sold €3.0m worth of stock On the 13th of November, R. Matz sold around 15k shares on-market at roughly €197 per share. This transaction amounted to 8.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.0m more than they bought in the last 12 months. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$3.59 (vs US$2.16 in 3Q 2022) Third quarter 2023 results: EPS: US$3.59 (up from US$2.16 in 3Q 2022). Revenue: US$3.21b (up 14% from 3Q 2022). Net income: US$169.4m (up 60% from 3Q 2022). Profit margin: 5.3% (up from 3.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Construction industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 13
EMCOR Group, Inc. to Report Q3, 2023 Results on Oct 26, 2023 EMCOR Group, Inc. announced that they will report Q3, 2023 results on Oct 26, 2023 Announcement • Oct 06
EMCOR Group, Inc. Declares Regular Quarterly Cash Dividend, Will Be Paid on October 30, 2023 EMCOR Group, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.18 per common share. The dividend will be paid on October 30, 2023 to stockholders of record as of October 16, 2023. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €197, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 225% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €234 per share. Announcement • Jul 28
Emcor Group, Inc. Raises Earnings Guidance for the Full-Year 2023 EMCOR Group, Inc. raised earnings guidance for the full-year 2023. For the year, company increasing diluted earnings per share guidance range to $10.75 to $11.25, an increase from the prior guidance range of $9.25 to $10.00. The Company is maintaining its full-year 2023 revenue guidance of $12.0 billion to $12.5 billion. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$2.97 (vs US$1.99 in 2Q 2022) Second quarter 2023 results: EPS: US$2.97 (up from US$1.99 in 2Q 2022). Revenue: US$3.05b (up 13% from 2Q 2022). Net income: US$140.6m (up 40% from 2Q 2022). Profit margin: 4.6% (up from 3.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Construction industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 43% per year. Announcement • Jul 14
EMCOR Group, Inc. to Report Q2, 2023 Results on Jul 27, 2023 EMCOR Group, Inc. announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Jul 27, 2023 Announcement • Jul 08
Emcor Group, Inc. Declares Regular Quarterly Cash Dividend, Payable on July 31, 2023 EMCOR Group, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.18 per common share. The dividend will be paid on July 31, 2023 to stockholders of record as of July 20, 2023. Announcement • Jul 06
EMCOR Group, Inc. (NYSE:EME) entered into a definitive agreement to acquire ECM Holding Group, Inc. EMCOR Group, Inc. (NYSE:EME) entered into a definitive agreement to acquire ECM Holding Group, Inc. on July 5, 2023. EMCOR will acquire ECM in an all-cash transaction. The transaction is expected to close in the third quarter of 2023, subject to customary closing conditions. Announcement • Jun 25
EMCOR Group, Inc.(NYSE:EME) dropped from Russell 2000 Growth-Defensive Index EMCOR Group, Inc.(NYSE:EME) dropped from Russell 2000 Growth-Defensive Index Recent Insider Transactions • May 14
Insider recently sold €2.0m worth of stock On the 10th of May, R. Matz sold around 13k shares on-market at roughly €151 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.4m more than they bought in the last 12 months. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$2.33 (vs US$1.39 in 1Q 2022) First quarter 2023 results: EPS: US$2.33 (up from US$1.39 in 1Q 2022). Revenue: US$2.89b (up 12% from 1Q 2022). Net income: US$111.5m (up 52% from 1Q 2022). Profit margin: 3.9% (up from 2.8% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 32% per year. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$8.13 (vs US$7.09 in FY 2021) Full year 2022 results: EPS: US$8.13 (up from US$7.09 in FY 2021). Revenue: US$11.1b (up 12% from FY 2021). Net income: US$406.1m (up 5.9% from FY 2021). Profit margin: 3.7% (down from 3.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 25% per year. Announcement • Feb 03
EMCOR Group, Inc. to Report Q4, 2022 Results on Feb 23, 2023 EMCOR Group, Inc. announced that they will report Q4, 2022 results on Feb 23, 2023 Announcement • Jan 07
EMCOR Group, Inc. Declares Regular Quarterly Dividend, Payable on January 31, 2023 EMCOR Group, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.15 per common share. The dividend will be paid on January 31, 2023 to stockholders of record as of January 17, 2023. Announcement • Dec 16
EMCOR Group, Inc. Elects Rebecca A. Weyenberg to Board of Directors EMCOR Group, Inc. announced the election by the Company’s Board of Directors of Rebecca A. Weyenberg to the Board effective December 14, 2022. Ms. Weyenberg, 59, is currently the Chief Financial Officer of Astec Industries Inc. Astec Industries designs, engineers, manufactures, and markets equipment, materials and components used in infrastructure, aggregates, and mining activities in the U.S. and internationally. Ms. Weyenberg joined Astec in December 2019 after previously serving as Vice President of Global Finance Operations for Welbilt, Inc., a leading global manufacturer of commercial foodservice equipment. Prior to Welbilt, she served as Vice President, Finance for the North American region for AGCO, a global agricultural machinery manufacturer. Ms. Weyenberg received a B.A. in Accounting from Carthage College. Recent Insider Transactions • Nov 17
Insider recently sold €1.5m worth of stock On the 14th of November, R. Matz sold around 10k shares on-market at roughly €147 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.4m more than they bought in the last 12 months. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Director Ron Johnson was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 03
Executive VP recently sold €716k worth of stock On the 31st of October, Maxine Mauricio sold around 5k shares on-market at roughly €143 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €910k more than they bought in the last 12 months. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: US$2.16 (vs US$1.86 in 3Q 2021) Third quarter 2022 results: EPS: US$2.16 (up from US$1.86 in 3Q 2021). Revenue: US$2.83b (up 12% from 3Q 2021). Net income: US$105.8m (up 6.0% from 3Q 2021). Profit margin: 3.7% (down from 4.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 18% per year. Announcement • Oct 28
EMCOR Group, Inc. Provides Revenue Guidance for the Year 2022 EMCOR Group, Inc. provided revenue guidance for the year 2022. For the year, the company expects revenues to be approximately $11.0 billion, an increase from the prior guidance of approximately $10.8 billion, and expects full-year diluted earnings per share in the range of $7.60 to $7.85 per share, an increase from the prior guidance range of $7.30 to $7.80 per share. Announcement • Oct 14
EMCOR Group, Inc. to Report Q3, 2022 Results on Oct 27, 2022 EMCOR Group, Inc. announced that they will report Q3, 2022 results on Oct 27, 2022 Upcoming Dividend • Oct 10
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 17 October 2022. Payment date: 31 October 2022. Payout ratio is a comfortable 0.3% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (5.4%). Lower than average of industry peers (4.5%). Announcement • Oct 08
Emcor Group, Inc. Declares Regular Quarterly Dividend, Payable on October 31, 2022 EMCOR Group, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.15 per common share. The dividend will be paid on October 31, 2022 to stockholders of record as of October 18, 2022. Announcement • Aug 10
EMCOR Group, Inc. (NYSE:EME) acquired Gaston Electrical Co., Inc. EMCOR Group, Inc. (NYSE:EME) acquired Gaston Electrical Co., Inc. on August 9, 2022. Mike Weber, President of Gaston, Bill Weber, Chief Executive Officer of Gaston and the team will be joining EMCOR.
EMCOR Group, Inc. (NYSE:EME) completed the acquisition of Gaston Electrical Co., Inc. on August 9, 2022. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: US$1.99 (vs US$1.79 in 2Q 2021) Second quarter 2022 results: EPS: US$1.99 (up from US$1.79 in 2Q 2021). Revenue: US$2.71b (up 11% from 2Q 2021). Net income: US$100.7m (up 3.4% from 2Q 2021). Profit margin: 3.7% (down from 4.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.1%, compared to a 9.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Announcement • Jul 15
EMCOR Group, Inc. to Report Q2, 2022 Results on Jul 28, 2022 EMCOR Group, Inc. announced that they will report Q2, 2022 results at 9:30 AM, US Eastern Standard Time on Jul 28, 2022 Announcement • Jul 09
Emcor Group, Inc. Declares Regular Quarterly Dividend, Payable on July 29, 2022 EMCOR Group, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.13 per common share. The dividend will be paid on July 29, 2022 to stockholders of record as of July 18, 2022. Announcement • Jun 26
EMCOR Group, Inc.(NYSE:EME) dropped from Russell 2000 Value Index EMCOR Group, Inc.(NYSE:EME) dropped from Russell 2000 Value Index Recent Insider Transactions • Jun 16
Independent Director recently sold €194k worth of stock On the 13th of June, Carol Lowe sold around 2k shares on-market at roughly €98.31 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: US$1.39 (vs US$1.54 in 1Q 2021) First quarter 2022 results: EPS: US$1.39 (down from US$1.54 in 1Q 2021). Revenue: US$2.59b (up 13% from 1Q 2021). Net income: US$73.4m (down 13% from 1Q 2021). Profit margin: 2.8% (down from 3.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.5%, compared to a 6.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. Independent Director Ron Johnson was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 22
EMCOR Group, Inc., Annual General Meeting, Jun 02, 2022 EMCOR Group, Inc., Annual General Meeting, Jun 02, 2022, at 10:00 Eastern Daylight. Location: 301 Merritt Seven, Norwalk Norwalk Connecticut United States Agenda: To elect the nine directors identified in this Proxy Statement to serve until the next Annual Meeting and until their successors are duly elected and qualified; to consider a non-binding advisory resolution approving named executive officer compensation; to ratify the appointment of Ernst & Young LLP as our independent auditors for 2022; to consider a stockholder proposal regarding special stockholder meetings, if properly presented; and to transact such other business as may properly come before the meeting or any adjournment thereof. Announcement • Apr 15
EMCOR Group, Inc. to Report Q1, 2022 Results on Apr 28, 2022 EMCOR Group, Inc. announced that they will report Q1, 2022 results on Apr 28, 2022 Announcement • Apr 06
EMCOR Group, Inc. Declares Regular Quarterly Cash Dividend, Payable on April 29, 2022 EMCOR Group, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.13 per common share. The dividend will be paid on April 29, 2022 to stockholders of record as of April 18, 2022. Buying Opportunity • Mar 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.1%. The fair value is estimated to be US$126, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% per annum over the last 3 years. Earnings per share has been flat over the last 3 years. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$7.09 (up from US$2.41 in FY 2020). Revenue: US$9.90b (up 13% from FY 2020). Net income: US$383.5m (up 189% from FY 2020). Profit margin: 3.9% (up from 1.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 3.8%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 25
EMCOR Group, Inc. Provides Earnings Guidance for the Full Year 2022 EMCOR Group, Inc. provides earnings guidance for the full year 2022. The company expects full-year 2022 revenues to be between $10.4 billion and $10.7 billion and full-year 2022 diluted earnings per share in the range of $7.15 to $7.85. Announcement • Feb 04
EMCOR Group, Inc. to Report Q4, 2021 Results on Feb 24, 2022 EMCOR Group, Inc. announced that they will report Q4, 2021 results on Feb 24, 2022