EMCOR Group’s Q4 earnings surge, stock soars on strong 2025 outlook

Published 26/02/2025, 13:54
EMCOR Group’s Q4 earnings surge, stock soars on strong 2025 outlook

NEW YORK -On Wednesday, EMCOR Group, Inc. (NYSE:EME) reported fourth quarter earnings that beat analyst estimates.

The company’s stock went soaring over 5% in pre-market trading after the results.

The construction and facilities services company also provided an upbeat forecast for 2025, signaling continued momentum.

EMCOR posted adjusted earnings per share of $6.32 for Q4, surpassing the analyst consensus of $5.76 by a significant margin. Revenue came in at $3.77 billion, slightly below expectations of $3.8 billion but up 9.6% YoY.

For the full year 2024, EMCOR achieved record revenues of $14.57 billion, a 15.8% increase from 2023. Net income rose to $1.0 billion, or $21.52 per diluted share, compared to $633.0 million, or $13.31 per diluted share, in the previous year.

Looking ahead, EMCOR provided a strong outlook for fiscal 2025. The company expects full-year revenues between $16.1 billion and $16.9 billion, above the analyst consensus of $15.79 billion. Earnings per share are projected in the range of $22.25 to $24.00, compared to analysts’ expectations of $22.89.

"2024 was a remarkable year for EMCOR, marked by outstanding execution for our customers and record-breaking achievements across nearly every metric for the Company," said Tony Guzzi, Chairman, President, and Chief Executive Officer of EMCOR.

The company’s remaining performance obligations reached a record $10.10 billion as of December 31, 2024, up 14.2% YoY, providing solid visibility into 2025.

EMCOR’s board also authorized an additional $500 million for share repurchases, reflecting confidence in the company’s financial position and commitment to returning capital to shareholders.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.