NYSE$EME

Emcor Group Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Emcor Group, Inc. reported record first quarter revenues and diluted EPS, with increased remaining performance obligations and raised full-year diluted EPS guidance.

EMCOR Group, Inc. reported a strong start to the year with record first quarter revenues of $2.30 billion and diluted EPS of $1.54, a 14.1% increase year-over-year. The company's remaining performance obligations reached a record $4.78 billion, and full-year diluted EPS guidance was raised to $6.35 - $6.75.

  • Record first quarter revenues of $2.30 billion.
  • Record first quarter diluted EPS of $1.54, a 14.1% increase year-over-year.
  • Record remaining performance obligations of $4.78 billion, a 7.9% increase year-over-year.
  • Increased 2021 diluted EPS guidance range to $6.35 - $6.75 from $6.20 - $6.70.

Headline financials

Total Revenue

$2.3B

Previous: $2.3B+0.2%
EPS (adj)

$1.54

Previous: $1.35+14.1%
Remaining performance obligations

$4.78B

Previous: $4.42B+8.1%
Free Cash Flow

$84.8M

Previous: $75.7M+12.0%
Net Income

$84.8M

Previous: $75.7M+12.0%
Operating Income

$117M

Previous: $106M+10.4%
Gross Profit

$341M

Previous: $333M+2.4%
Cash & Equivalents

$759M

Previous: $347M+118.6%
Total Assets

$5.06B

Previous: $4.84B+4.7%

Revenue & EPS history

Emcor · Revenue · Quarterly

$2.3B

Q1 2021+0.2%vs Q1 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Emcor · $2.3B total across 5 segments · Q1 2021

  • US Mechanical Construction
    $904M+8.4%
  • US Building Services
    $582M+12.3%
  • US Electrical Construction
    $456M-13.1%
  • US Industrial Services
    $235M-24.1%
  • UK Building Services
    $127M+12.8%

Forward guidance

EMCOR is raising its full-year 2021 diluted earnings per share guidance range to $6.35 to $6.75, an increase from the prior guidance range of $6.20 to $6.70. The Company is maintaining its full-year 2021 revenue guidance of $9.2 billion to $9.4 billion.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.8%

Avg return

Earnings day

+3.0%

Avg return

5 days after

+5.4%

Avg return

30 days after

60%

41 / 68 earnings

Positive

+13.0%

Q4 2023

Best reaction

-16.5%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.5%+5.4%-4.4%
Q4 2025-7.7%-8.2%-8.6%
Q3 2025-16.5%-15.8%-20.8%
Q2 2025-1.9%-2.2%-3.0%
Q1 2025-3.0%+5.6%+14.2%
Q3 2024+5.0%+10.2%+18.1%
Q2 2024+2.1%+0.5%+7.2%
Q1 2024+4.5%+5.4%+17.6%
Q4 2023+13.0%+16.7%+26.2%
Q3 2023+7.2%+7.9%+13.0%
Q2 2023+12.0%+13.3%+16.3%
Q1 2023+8.3%+5.6%+8.2%
Q4 2022+13.0%+14.1%+6.9%
Q3 2022+8.4%+11.8%+20.4%
Q2 2022+6.8%+5.9%+10.8%
Q1 2022-4.9%-4.7%-3.8%
Q4 2021+1.9%-3.1%+0.7%
Q3 2021+4.3%+5.3%+5.2%
Q2 2021-1.1%-2.0%+0.7%
Q1 2021-0.6%+0.1%+4.6%
Q4 2020-1.4%+1.3%+13.6%
Q3 2020+6.6%+13.0%+37.6%
Q2 2020+6.2%+8.9%+11.9%
Q1 2020-14.6%-14.0%-9.0%
Q4 2019-2.8%-1.5%-26.9%
Q3 2019+3.7%+0.9%+0.7%
Q2 2019+0.2%-2.3%+1.6%
Q1 2019+2.3%+3.4%+1.6%
Q4 2018+4.5%+3.1%+6.2%
Q3 2018+9.7%+12.0%+11.9%
Q2 2018-1.2%-0.3%+3.9%
Q1 2018-7.7%-8.0%-5.4%
Q4 2017+1.4%+2.2%-0.1%
Q3 2017+13.0%+14.6%+12.5%
Q2 2017+5.9%+7.3%-0.6%
Q1 2017+0.7%+2.1%-2.6%
Q4 2016-9.6%-10.2%-10.7%
Q3 2016+7.7%+5.8%+27.6%
Q2 2016+6.0%+5.6%+8.5%
Q1 2016+0.2%
Q4 2015-2.9%
Q3 2015+1.6%
Q2 2015+2.7%
Q1 2015-2.2%
Q4 2014-0.4%
Q3 2014+0.0%
Q2 2014-0.9%
Q1 2014+1.8%
Q4 2013+4.7%
Q3 2013-6.9%
Q2 2013-3.7%
Q1 2013-2.9%
Q4 2012+4.5%
Q3 2012+10.8%
Q2 2012+0.0%
Q1 2012+7.2%
Q4 2011+0.6%
Q3 2011+12.4%
Q2 2011-0.1%
Q1 2010+1.3%
Q1 2011-0.3%
Q4 2010+6.1%
Q4 2008+6.1%
Q3 2009+3.0%
Q3 2010+3.0%
Q2 2009+3.0%
Q2 2010-2.5%
Q4 2009-2.5%

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