Emcor Group, Inc.

Emcor Group, Inc.

EME

Market Cap$19.38B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Emcor Group, Inc.Emcor Group, Inc.18.80.23%36%1.40.1

Earnings Call Q3 2024

October 31, 2024 - AI Summary

**Strong Financial Performance**: EMCOR Group reported record revenues of $3.7 billion for Q3 2024, a 15.3% increase compared to Q3 2023. Operating income reached $363.5 million, up 54.7%, with a significant increase in diluted earnings per share, rising to $5.80 from $3.57 YoY. Year-to-date, revenues have grown by 18.1%, indicating robust demand across diverse sectors.
**Record Backlog and RPOs**: The company's Remaining Performance Obligations (RPOs) hit a record $9.8 billion, up 13.4% YoY. Strong growth was observed in sectors like data centers ($2.1 billion RPOs up 55% YoY), healthcare ($1.2 billion up 19%), and traditional manufacturing ($921 million up 18%). This reflects a solid pipeline of future projects and indicates positive momentum for continued revenue growth.
**Improved Profitability Margins**: Operating margins improved across segments, especially in U.S. Electrical Construction which achieved a margin of 14.1%, reflecting a 500 basis point increase. Enhanced margins were attributed to better execution, project mix, and increased demand, although concerns about project timing were noted as a potential risk to sustaining these margins.

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$547.67

Current Fair Value

24.4% upside

Undervalued by 24.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$19.38 Billion
Enterprise Value$19.06 Billion
Dividend Yield$1 (0.232455426671936%)
Earnings per Share$21.61
Beta1.08
Outstanding Shares45,989,277

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio18.83
PEG85.29
Price to Sales1.35
Price to Book Ratio6.88
Enterprise Value to Revenue1.27
Enterprise Value to EBIT14.61
Enterprise Value to Net Income18
Total Debt to Enterprise0.01
Debt to Equity0.08

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Emcor Group, Inc.

CEO: Anthony Guzzi