EMCOR Q2 revenue up 17.4%, beats estimates
Overview
EMCOR Q2 revenue rises 17.4% yr/yr, beating analyst expectations, per LSEG data
Record Q2 diluted EPS of $6.72, up 28% yr/yr
Co raises 2025 non-GAAP EPS guidance
Outlook
EMCOR narrows 2025 revenue guidance to $16.4 bln - $16.9 bln
Company raises 2025 non-GAAP EPS guidance to $24.50 - $25.75
EMCOR sees strong demand for specialty contracting services
Company cites robust pipeline supporting positive outlook
Result Drivers
SECTOR GROWTH - Significant revenue growth in Network and Communications, Institutional, Manufacturing and Industrial, Healthcare, and Hospitality and Entertainment sectors
CONSTRUCTION SEGMENTS - Record revenues and operating margins in Electrical and Mechanical Construction segments, driven by strategic expansion and productivity improvements
HIGH RPOs - Record remaining performance obligations of $11.91 bln, indicating strong future project pipeline
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $4.30 bln | $4.11 bln (8 Analysts) |
Q2 EPS | $6.72 |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for EMCOR Group Inc is $542.50, about 17.8% below its July 30 closing price of $639.33
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 16 three months ago
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