Emcor Group Q3 Non-GAAP Earnings, Revenue Increase; 2024 Guidance Updated

MT Newswires Live10-31 20:51

Emcor Group (EME) reported Q3 non-GAAP earnings Thursday of $5.80 per diluted share, up from $3.61 a year earlier.

Two analysts polled by Capital IQ expected $4.97.

Revenue for the quarter ended Sept. 30 was $3.70 billion, up from $3.21 billion a year earlier.

Two analysts surveyed by Capital IQ expected $3.79 billion.

For 2024, the company said it now expects diluted EPS of $20.50 to $21.00, up from its prior outlook of $19 to $20. Two analysts polled by Capital IQ expect $19.55.

Revenue for the year is now expected to be at least $14.5 billion, compared with the prior range of $14.5 billion to $15 billion. Two analysts surveyed by Capital IQ expect $14.76 billion.

Price: 436.40, Change: +4.63, Percent Change: +1.07

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