Latest news with #TonyGuzzi
Globe and Mail
17-07-2025
- Business
- Globe and Mail
EMCOR Group, Inc. Sets Second Quarter 2025 Earnings Release Date and Webcast
EMCOR Group, Inc. (NYSE: EME) announced today that it will release its financial results for the second quarter ended June 30, 2025, on Thursday, July 31, 2025, prior to the market open. In conjunction with this release, the Company will host an earnings conference call and webcast reviewing these results and its operations on Thursday, July 31, 2025, at 10:30 am EDT. The call will be hosted by Tony Guzzi, Chairman, President and Chief Executive Officer, Jason Nalbandian, Senior Vice President and Chief Financial Officer, and Andy Backman, Vice President, Investor Relations. The call can be accessed by all interested parties through a WEBCAST link on the Home Page of EMCOR's website at Please allow 10 minutes prior to the call to visit the site and download and install any necessary audio software. Additionally, investors can access a replay of the webcast through a REPLAY link two hours after the call on the Home Page of the Company's website. A replay of the call will be available through August 31, 2025. About EMCOR EMCOR Group, Inc. is a Fortune 500 leader in mechanical and electrical construction services, industrial and energy infrastructure and building services. This press release and other press releases may be viewed at the Company's Web site at
Yahoo
02-06-2025
- Business
- Yahoo
Q1 Earnings Highlights: EMCOR (NYSE:EME) Vs The Rest Of The Engineering and Design Services Stocks
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at engineering and design services stocks, starting with EMCOR (NYSE:EME). Companies providing engineering and design services boast ever-evolving technical expertise. Compared to their counterparts who manufacture and sell physical products, these companies can also pivot faster to more trending areas due to their smaller physical asset bases. Green energy and water conservation, for example, are current themes driving incremental demand in this space. On the other hand, those providing engineering and design services are at the whim of construction and infrastructure project volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. The 5 engineering and design services stocks we track reported a very strong Q1. As a group, revenues beat analysts' consensus estimates by 1.7% while next quarter's revenue guidance was in line. Luckily, engineering and design services stocks have performed well with share prices up 14.1% on average since the latest earnings results. Through its network of over 70 subsidiaries, EMCOR (NYSE:EME) provides electrical, mechanical, and building construction and services EMCOR reported revenues of $3.87 billion, up 12.7% year on year. This print exceeded analysts' expectations by 2.2%. Overall, it was a very strong quarter for the company with a solid beat of analysts' EBITDA estimates. Tony Guzzi, Chairman, President, and Chief Executive Officer of EMCOR, commented, 'Our first quarter results—which include 12.7% year-over-year revenue growth, a 22.6% increase in operating income, and $11.75 billion in remaining performance obligations—demonstrate the continued strength of our business. Once again, results were driven by our U.S. Electrical Construction and U.S. Mechanical Construction segments, which had year-over-year revenue growth of 42.3% and 10.2%, respectively, and operating margins of 12.5% and 11.9%, respectively. Our performance reflects our customers' confidence in our ability to execute complex projects across diverse end markets, as well as our proactive expansion into new geographies, and our productivity resulting from the use of virtual design and construction technologies and prefabrication capabilities. Coupled with sustained excellence in labor planning, large project coordination, and the sharing of best practices, we delivered exceptional results for our customers.' EMCOR scored the fastest revenue growth but had the weakest full-year guidance update of the whole group. Unsurprisingly, the stock is up 13.8% since reporting and currently trades at $471.86. Read why we think that EMCOR is one of the best engineering and design services stocks, our full report is free. Involved in the construction of a major highway, the Grand Parkway in Houston, TX, Sterling Infrastructure (NASDAQ:STRL) provides civil infrastructure construction. Sterling reported revenues of $430.9 million, down 2.1% year on year, outperforming analysts' expectations by 5.4%. The business had a stunning quarter with full-year EBITDA guidance exceeding analysts' expectations. Sterling pulled off the highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 13.1% since reporting. It currently trades at $188.01. Is now the time to buy Sterling? Access our full analysis of the earnings results here, it's free. Founded in 1990 when a group of engineers from five companies decided to merge, AECOM (NYSE:ACM) provides various infrastructure consulting services. AECOM reported revenues of $3.77 billion, down 4.4% year on year, falling short of analysts' expectations by 9.5%. It was a mixed quarter as it posted a decent beat of analysts' adjusted operating income estimates. AECOM delivered the weakest performance against analyst estimates and slowest revenue growth in the group. Interestingly, the stock is up 7.8% since the results and currently trades at $110.15. Read our full analysis of AECOM's results here. Involved in the 1996 Olympic Games MasTec (NYSE:MTZ) is an infrastructure construction company that specializes in the telecommunications, energy, and utility industries. MasTec reported revenues of $2.85 billion, up 6% year on year. This result beat analysts' expectations by 4.9%. Overall, it was a very strong quarter as it also put up an impressive beat of analysts' backlog estimates and a solid beat of analysts' EPS estimates. The stock is up 16.9% since reporting and currently trades at $156.51. Read our full, actionable report on MasTec here, it's free. Working alongside some of the most popular mobile carriers in the world, Dycom (NYSE:DY) builds and maintains telecommunications infrastructure. Dycom reported revenues of $1.26 billion, up 10.2% year on year. This print surpassed analysts' expectations by 5.7%. It was an exceptional quarter as it also produced an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. Dycom scored the biggest analyst estimates beat among its peers. The stock is up 18.9% since reporting and currently trades at $229.92. Read our full, actionable report on Dycom here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
Business Wire
16-05-2025
- Business
- Business Wire
EMCOR Group, Inc. Announces Participation in Upcoming Investor Conferences
NORWALK, Conn.--(BUSINESS WIRE)--EMCOR Group, Inc. (NYSE: EME) announced today that Tony Guzzi, Chairman, President and Chief Executive Officer, Jason Nalbandian, Senior Vice President and Chief Financial Officer, and Andy Backman, Vice President, Investor Relations, will host one-on-one meetings at the following investor conferences: KeyBanc Industrials & Basic Materials Conference Date: Wednesday, May 28, 2025 Location: Boston, Massachusetts Interested investors should contact their KeyBanc representative directly to schedule a meeting. Stifel 2025 Boston Cross Sector 1X1 Conference Location: Boston, Massachusetts Interested investors should contact their Stifel representative directly to schedule a meeting. A copy of the Company's most recent investor presentation will be available on the Company's Investor Relations 'Presentations' section of its website, prior to each conference. About EMCOR EMCOR Group, Inc. is a Fortune 500 leader in mechanical and electrical construction services, industrial and energy infrastructure and building services. This press release and other press releases may be viewed at the Company's Web site at
Yahoo
14-05-2025
- Business
- Yahoo
EME Q1 Earnings Call: Data Center and Healthcare Expansion Drive Outperformance, Tariff Risks Managed
Specialty construction contractor company EMCOR (NYSE:EME) reported Q1 CY2025 results exceeding the market's revenue expectations , with sales up 12.7% year on year to $3.87 billion. The company's full-year revenue guidance of $16.5 billion at the midpoint came in 0.8% above analysts' estimates. Its non-GAAP profit of $5.26 per share was 13.7% above analysts' consensus estimates. Is now the time to buy EME? Find out in our full research report (it's free). Revenue: $3.87 billion vs analyst estimates of $3.78 billion (12.7% year-on-year growth, 2.2% beat) Adjusted EPS: $5.26 vs analyst estimates of $4.63 (13.7% beat) Adjusted EBITDA: $360.7 million vs analyst estimates of $328.5 million (9.3% margin, 9.8% beat) The company reconfirmed its revenue guidance for the full year of $16.5 billion at the midpoint Adjusted EPS guidance for the full year is $23.33 at the midpoint, beating analyst estimates by 0.6% Operating Margin: 8.2%, in line with the same quarter last year Free Cash Flow Margin: 2.1%, down from 3.3% in the same quarter last year Market Capitalization: $21.14 billion EMCOR's first quarter results were shaped by strong performance from its Electrical and Mechanical Construction segments, supported by the integration of Miller Electric and continued demand from data center, healthcare, and water infrastructure projects. CEO Tony Guzzi pointed to the company's proactive move into new geographies and the ability to execute complex projects, stating, 'We continue to have excellent execution in our Electrical and Mechanical Construction segments with 12.5% and 11.9% operating margins, respectively.' Looking ahead, EMCOR's guidance reflects expectations for sustained operating margins, with the leadership team highlighting confidence in the company's ability to manage through tariff uncertainty and macroeconomic risks. Guzzi emphasized that the guidance range incorporates potential impacts from tariffs, noting, 'We will manage through the tariff uncertainty similar to how we manage the supply chain and cost disruptions around COVID.' The company anticipates continued growth in its key market sectors and maintains a disciplined approach to cost management and capital allocation. Management attributed the quarter's performance to robust execution in its construction businesses, expanded project scope driven by acquisitions, and ongoing strength in several end-markets. Forward-looking commentary focused on navigating external headwinds while leveraging a record project backlog to support growth. Construction Segment Momentum: The Electrical and Mechanical Construction divisions led results, with significant activity in data centers, healthcare, and water/wastewater sectors. The integration of Miller Electric contributed to both revenue growth and backlog expansion. Project Backlog Expansion: Remaining performance obligations (RPOs) rose to $11.8 billion, a 28% year-over-year increase, fueled by organic growth and the Miller acquisition. Notably, data center-related RPOs grew by 112% year-over-year. Building Services Shift: The U.S. Building Services segment saw mixed results, with mechanical services offsetting declines in site-based services. Management intends to continue prioritizing mechanical services, forecasting a shift in revenue mix to 80% mechanical services by next year. Industrial Services Headwinds: The Industrial Services segment faced challenges from a slower turnaround season due to extreme weather and increased credit loss allowances. Management expects performance to improve as the year progresses. Margin Drivers: Management credited improved margins to enhanced project execution, prefabrication, virtual design and construction (VDC) capabilities, and disciplined labor management. Segment operating margins in construction reached the higher end of historical performance. Looking forward, management expects continued growth in construction demand, supported by a diversified backlog and strategic focus on high-growth sectors, while remaining vigilant regarding external risks such as tariffs and macroeconomic uncertainty. Data Center and Healthcare Expansion: Ongoing demand for complex data center and healthcare projects is expected to sustain revenue growth, with management noting that data center activity remains strong due to increased geographic reach and larger project scopes. Tariff and Cost Management: The company's guidance incorporates potential cost impacts from tariffs, with plans to mitigate risks through contract negotiation and price adjustments. Management believes that normalization of trade barriers may further benefit domestic manufacturing activity. Project Mix and Margin Focus: The ability to maintain or improve operating margins will depend on the mix of project types, effective cost control, and continued execution of large-scale, high-margin projects. Leadership emphasized discipline in overhead and job cost management as critical to delivering on guidance. Brent Thielman (D.A. Davidson): Asked if maintaining guidance range reflected operational risks from tariffs or broader macro uncertainty. CEO Tony Guzzi clarified that the decision was driven by early-year uncertainty and not specific to growth concerns, emphasizing cautious guidance. Adam Thalhimer (Thompson Davis & Company): Queried about the strategic direction for the Building Services segment. Guzzi explained the focus would remain on growing mechanical services, aiming for an 80-20 split with site-based services. Brian Brophy (Stifel): Inquired about the sustainability of data center demand amid industry headlines. Guzzi stated that demand is increasing, with more locations and larger projects, providing good near-term visibility. Alex Dwyer (KeyBanc Capital Markets): Asked about the growth in project backlog (RPOs) compared to revenue guidance. CFO Jason Nalbandian attributed the higher backlog to longer-duration projects and the addition of Miller Electric's portfolio. Adam Bubes (Goldman Sachs): Sought clarification on margin drivers in construction and the impact of project mix. Guzzi noted that improved execution and scale, especially in large and mid-sized projects, are supporting margins at the high end of historical ranges. In the coming quarters, the StockStory team will be monitoring (1) the pace of backlog conversion in data center and healthcare projects, (2) the company's ability to offset cost pressures from tariffs and labor through contract management and pricing, and (3) whether the Building Services and Industrial Services segments demonstrate the expected rebound in performance. Execution against these milestones will provide insight into EMCOR's ability to maintain growth and margin stability. EMCOR currently trades at a forward P/E ratio of 20.2×. Should you double down or take your chips? The answer lies in our free research report. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today.
Yahoo
30-04-2025
- Business
- Yahoo
EMCOR (NYSE:EME) Beats Q1 Sales Targets, Full-Year Outlook Slightly Exceeds Expectations
Specialty construction contractor company EMCOR (NYSE:EME) announced better-than-expected revenue in Q1 CY2025, with sales up 12.7% year on year to $3.87 billion. The company's full-year revenue guidance of $16.5 billion at the midpoint came in 0.8% above analysts' estimates. Its non-GAAP profit of $5.41 per share was 17% above analysts' consensus estimates. Is now the time to buy EMCOR? Find out in our full research report. Revenue: $3.87 billion vs analyst estimates of $3.78 billion (12.7% year-on-year growth, 2.2% beat) Adjusted EPS: $5.41 vs analyst estimates of $4.63 (17% beat) Adjusted EBITDA: $334.3 million vs analyst estimates of $328.5 million (8.6% margin, 1.8% beat) The company reconfirmed its revenue guidance for the full year of $16.5 billion at the midpoint Adjusted EPS guidance for the full year is $23.33 at the midpoint, beating analyst estimates by 0.6% Operating Margin: 8.2%, in line with the same quarter last year Free Cash Flow Margin: 2.1%, down from 3.3% in the same quarter last year Market Capitalization: $18.61 billion Tony Guzzi, Chairman, President, and Chief Executive Officer of EMCOR, commented, 'Our first quarter results—which include 12.7% year-over-year revenue growth, a 22.6% increase in operating income, and $11.75 billion in remaining performance obligations—demonstrate the continued strength of our business. Once again, results were driven by our U.S. Electrical Construction and U.S. Mechanical Construction segments, which had year-over-year revenue growth of 42.3% and 10.2%, respectively, and operating margins of 12.5% and 11.9%, respectively. Our performance reflects our customers' confidence in our ability to execute complex projects across diverse end markets, as well as our proactive expansion into new geographies, and our productivity resulting from the use of virtual design and construction technologies and prefabrication capabilities. Coupled with sustained excellence in labor planning, large project coordination, and the sharing of best practices, we delivered exceptional results for our customers.' Through its network of over 70 subsidiaries, EMCOR (NYSE:EME) provides electrical, mechanical, and building construction and services A company's long-term sales performance can indicate its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Over the last five years, EMCOR grew its sales at a solid 10% compounded annual growth rate. Its growth surpassed the average industrials company and shows its offerings resonate with customers, a great starting point for our analysis. Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. EMCOR's annualized revenue growth of 14.8% over the last two years is above its five-year trend, suggesting its demand was strong and recently accelerated. We can better understand the company's revenue dynamics by analyzing its most important segments, Mechanical Construction and Facilities Services and Building Services , which are 40.7% and 19.2% of revenue. Over the last two years, EMCOR's Mechanical Construction and Facilities Services revenue (design, integration, installation) averaged 22.7% year-on-year growth while its Building Services revenue (maintenance, electrical, plumbing) averaged 4.3% growth. This quarter, EMCOR reported year-on-year revenue growth of 12.7%, and its $3.87 billion of revenue exceeded Wall Street's estimates by 2.2%. Looking ahead, sell-side analysts expect revenue to grow 10.7% over the next 12 months, a deceleration versus the last two years. We still think its growth trajectory is attractive given its scale and implies the market sees success for its products and services. Software is eating the world and there is virtually no industry left that has been untouched by it. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. Click here to access a free report on our 3 favorite stocks to play this generational megatrend. EMCOR was profitable over the last five years but held back by its large cost base. Its average operating margin of 6.5% was weak for an industrials business. This result isn't too surprising given its low gross margin as a starting point. On the plus side, EMCOR's operating margin rose by 6.3 percentage points over the last five years, as its sales growth gave it immense operating leverage. In Q1, EMCOR generated an operating profit margin of 8.2%, in line with the same quarter last year. This indicates the company's cost structure has recently been stable. Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. EMCOR's EPS grew at an astounding 31.4% compounded annual growth rate over the last five years, higher than its 10% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded. We can take a deeper look into EMCOR's earnings quality to better understand the drivers of its performance. As we mentioned earlier, EMCOR's operating margin was flat this quarter but expanded by 6.3 percentage points over the last five years. On top of that, its share count shrank by 18.5%. These are positive signs for shareholders because improving profitability and share buybacks turbocharge EPS growth relative to revenue growth. Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business. For EMCOR, its two-year annual EPS growth of 58.3% was higher than its five-year trend. We love it when earnings growth accelerates, especially when it accelerates off an already high base. In Q1, EMCOR reported EPS at $5.41, up from $4.17 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects EMCOR's full-year EPS of $22.79 to grow 2.6%. We enjoyed seeing EMCOR beat analysts' EPS expectations this quarter. We were also glad its revenue outperformed Wall Street's estimates. Looking ahead, the company reconfirmed its full-year revenue guidance, which is comforting in this uncertain macro backdrop. Overall, we think this was a decent quarter with some key metrics above expectations. The stock remained flat at $414.97 immediately after reporting. EMCOR had an encouraging quarter, but one earnings result doesn't necessarily make the stock a buy. Let's see if this is a good investment. If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free.
