Emcor Group is a leading construction and engineering company that specializes in providing a wide range of services primarily in the mechanical and electrical fields
The company focuses on the design, installation, and maintenance of complex systems for commercial and industrial clients, including heating, ventilation, air conditioning, plumbing, and electrical systems. Additionally, Emcor offers facility management and energy solutions, ensuring that its clients' infrastructures operate efficiently and sustainably. With a strong emphasis on safety and innovation, Emcor is dedicated to delivering high-quality services that meet the evolving needs of its customers across various sectors, including healthcare, education, and manufacturing.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Sterling (NASDAQSTRL) and the best and worst performers in the engineering and design services industry.
Shares of specialty construction contractor company EMCOR (NYSEEME)
jumped 8.7% in the morning session after the company posted solid Q4 results, with full-year revenue guidance that significantly exceeded analysts' expectations. EPS also outperformed expectations, driven by higher operating income and improved margins. However, quarterly sales came in just shy of estimates.
Overall, it was a strong quarter, with broad strength across key markets helping to balance out some segment-specific weaknesses.
The company also announced that its Board of Directors authorized an additional $500 million for share purchases under its existing share repurchase program.
Specialty construction contractor company EMCOR (NYSEEME) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 9.6% year on year to $3.77 billion. On the other hand, the company’s full-year revenue guidance of $16.5 billion at the midpoint came in 4.5% above analysts’ estimates. Its GAAP profit of $6.32 per share was 9.1% above analysts’ consensus estimates.
The heavy construction space has been navigating challenges, such as high interest rates, labor market competition, and rising costs. Despite these factors, the industry's outlook has remained strong. Thus, here are some stocks to keep an eye on.
EMCOR Group, Inc. (the “Company”) (NYSEEME) today announced that it has completed its previously announced acquisition of Miller Electric Company (“Miller Electric”), a leading electrical contractor serving high growth areas across the Southeastern U.S., for $865 million in cash, subject to customary adjustments.
Discover the latest trends with last week's worst-performing large-cap stocks, including Manhattan Associates' steep decline following reduced financial guidance and the broader impact of China's DeepSeek AI on sectors like semiconductors and AI-related industries.
EMCOR Group, Inc. (the “Company”) (NYSEEME) today announced that it has entered into a definitive agreement to acquire Miller Electric Company (“Miller Electric”), a leading electrical contractor serving high growth areas across the Southeastern U.S., for $865 million in cash, subject to customary adjustments. The boards of directors of both companies unanimously approved the transaction.
EMCOR Group, Inc. (NYSEEME) announced today that it will release its financial results for the fourth quarter ended December 31, 2024, on Wednesday, February 26, 2025, prior to the market open.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at AECOM (NYSEACM) and its peers.
EMCOR currently trades at $454.41 and has been a dream stock for shareholders. It’s returned 424% since January 2020, blowing past the S&P 500’s 81.9% gain. The company has also beaten the index over the past six months as its stock price is up 22.5% thanks to its solid quarterly results.
