NYSE$EME
Emcor Group Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
EMCOR Group reported record first-quarter revenues with year-over-year growth in all segments, though operating margin contracted due to challenging supply chain and COVID-related impacts.
EMCOR Group, Inc. reported a strong first quarter with record revenues of $2.59 billion, a 12.5% increase year-over-year. The company's remaining performance obligations reached a record $5.95 billion, up 24.7% year-over-year. Diluted EPS was $1.39, compared to $1.54 in the first quarter of 2021. The Board authorized an additional $200 million share repurchase program.
- Record first quarter revenues of $2.59 billion, a 12.5% increase year-over-year.
- First quarter diluted EPS of $1.39.
- Record remaining performance obligations of $5.95 billion, a 24.7% increase year-over-year.
- Reaffirmed 2022 revenue and diluted EPS guidance ranges.
Headline financials
Revenue & EPS history
Emcor · Revenue · Quarterly
$2.59B
Revenue by segment
Emcor · $2.59B total across 5 segments · Q1 2022
- US Mechanical Construction$1B+10.7%38.6%
- US Building Services$628M+7.9%24.2%
- US Electrical Construction$522M+14.4%20.1%
- US Industrial Services$311M+32.0%12.0%
- UK Building Services$131M+3.8%5.1%
Forward guidance
EMCOR is maintaining its full-year 2022 revenue guidance range of $10.4 billion to $10.7 billion and full-year 2022 diluted earnings per share guidance range of $7.15 to $7.85.
Tailwinds
- Company will continue to execute with discipline and flexibility.
- Optimistic that the non-residential construction market will continue to grow through the year.
- Confident in long-term outlook.
- Committed to maintaining a balanced capital allocation strategy.
- Pursuing organic investments and strategic acquisitions.
Headwinds
- Ongoing supply chain headwinds.
- Operating environment remains volatile.
- Labor disruption caused by the Omicron variant.
- Rising energy costs.
- Ukraine crisis exacerbating supply chain issues.
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 2022
+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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro