Stock Track | EMCOR Group Inc (EME) Soars 5.57% in Pre-Market on Strong Q4 Results and Robust Outlook

Stock Track
26 Feb

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:

  • Revenue rose 9.6% year-over-year to $3.77 billion, narrowly missing estimates of $3.79 billion. The top-line growth was driven by strong demand across key markets like data centers, high-tech manufacturing, and energy.
  • Earnings per share of $6.32 topped analysts' expectations of $5.79 by 9.1%, reflecting higher operating margins and the benefits of share repurchases.
  • Operating margin expanded by 190 basis points to 10.3% due to operating leverage and an improved cost structure.

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10