Stock Track | EMCOR Group Soars 5.79% on Strong Q3 Results and Raised Guidance

Stock Track10-31 22:13

EMCOR Group Inc. (NYSE: EME) shares surged 5.79% on Tuesday after the company reported strong third-quarter results and raised its full-year earnings guidance for 2024.

The construction services company reported record quarterly revenues of $3.70 billion, up 15.3% year-over-year, driven by robust growth across its U.S. Electrical and Mechanical Construction segments. Net income for the quarter rose 60.7% to $270.3 million, or $5.80 per diluted share, surpassing analysts' estimates of $4.98 per share.

Buoyed by the strong performance, EMCOR raised its full-year 2024 diluted earnings per share guidance to $20.50 - $21.00, up from the previous range of $19.00 - $20.00. However, the company slightly lowered its revenue guidance to at least $14.5 billion, compared to the prior range of $14.5 billion - $15.0 billion.

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(NYSE: EME) shares surged 5.79% on Tuesday after the company reported strong third-quarter results and raised its full-year earnings guidance for 2024.\nThe construction services ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EME","symbol_name":"埃姆科","start_time":0,"source_url":"","article_id":"1195299184","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1195299184","pubTimestamp":1730384023,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"EMCOR Group Inc.  shares surged 5.79% on Tuesday after the company reported strong third-quarter results and raised its full-year earnings guidance for 2024.The construction services company reported record quarterly revenues of $3.70 billion, up 15.3% year-over-year, driven by robust growth across its U.S. Electrical and Mechanical Construction segments. 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