NYSE$EME
Emcor Group Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
EMCOR Group reported record quarterly revenues and diluted earnings per share.
EMCOR Group, Inc. reported a strong third quarter in 2023, marked by record quarterly revenues of $3.21 billion, a 13.5% increase year-over-year. Diluted earnings per share reached a record $3.57, with non-GAAP diluted EPS at $3.61. The company also saw record remaining performance obligations of $8.64 billion, a 21.6% increase year-over-year. EMCOR raised its full year 2023 revenue guidance to approximately $12.5 billion and increased its non-GAAP diluted EPS guidance range to $12.25 - $12.65.
- Record quarterly revenues of $3.21 billion, a 13.5% increase year-over-year.
- Record quarterly diluted earnings per share of $3.57, with non-GAAP diluted EPS of $3.61.
- Record remaining performance obligations of $8.64 billion, a 21.6% increase year-over-year.
- Increased full year 2023 non-GAAP diluted EPS guidance range to $12.25 - $12.65 and revenue guidance to approximately $12.5 billion.
Headline financials
Revenue & EPS history
Emcor · Revenue · Quarterly
$3.21B
Revenue by segment
Emcor · $3.21B total across 5 segments · Q3 2023
- US Mechanical Construction$1.33B+19.0%41.5%
- US Building Services$818M+15.1%25.5%
- US Electrical Construction$697M+10.1%21.7%
- US Industrial Services$252M+2.0%7.9%
- UK Building Services$111M-5.9%3.5%
Forward guidance
EMCOR is raising its full year 2023 guidance for revenues and diluted earnings per share. The Company now expects full year 2023 revenues to be approximately $12.5 billion and currently expects full-year 2023 non-GAAP diluted earnings per share in the range of $12.25 to $12.65.
Tailwinds
- Strong year-to-date results
- Record remaining performance obligations
- Continued resilience of business
- Strong balance sheet as a competitive advantage
- Proven ability to navigate challenging environments
Headwinds
- Uncertain macroeconomic landscape
- Ongoing geopolitical tensions
- Tightened financing conditions
- Uncertain political landscape
- Potential adverse effects of general economic conditions
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 Q3 2023
+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% | — | — |
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