Shares of EMCOR Group Inc (NYSE: EME) jumped 5.57% in pre-market trading on Wednesday after the specialty construction contractor reported better-than-expected Q4 earnings and provided an optimistic outlook for fiscal 2025.
The key highlights of EMCOR's Q4 results include:
Looking ahead, EMCOR provided robust fiscal 2025 guidance, with revenue expected in the range of $16.1 billion to $16.9 billion, above consensus estimates of $15.7 billion. The company also projects earnings per share of $22.25 to $24.00, versus analysts' average forecast of $22.88.
Chairman, President, and CEO Tony Guzzi expressed confidence in EMCOR's ability to capitalize on strong demand trends, particularly in key markets like network and communications, high-tech manufacturing, and energy. The company's record remaining performance obligations of $10.1 billion also provide solid visibility for the upcoming year.
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