EME SEC Filings

EMCOR Group, Inc. - 335 total filings

Showing 1–50 of 335 filings
8-K

EMCOR Group, Inc. 8-K Report, Mine Safety Disclosure (Jul 31, 2026)

Jul 31, 2026

EMCOR Group, Inc. (EME) is reporting an operational event concerning its wholly-owned, indirect subsidiary, MOR PPM, Inc. On July 28, 2026, MOR PPM received an imminent danger order from the Mine Safety and Health Administration (MSHA) related to its Sivells Bend mine in Texas. The order was issued following an observation by an MSHA inspector of a worker performing welding at a significant height, supported by a forklift, which was deemed an unsafe practice. Importantly, no injuries were reported in connection with this incident. While the order signifies a regulatory action and potential operational disruption at the Sivells Bend mine, the lack of injuries is a positive aspect for the company. Investors should monitor any further developments from MSHA and EMCOR regarding corrective actions and the resolution of this imminent danger order, as it could potentially impact the operational status or expenses at the affected mine.

8-K

EMCOR Group, Inc. 8-K Report, Financial Results (Jul 30, 2026)

Jul 30, 2026

EMCOR Group, Inc. has filed an 8-K report on July 30, 2026, to disclose its financial results for the second fiscal quarter ended June 30, 2026. The key information is contained within an accompanying press release furnished as Exhibit 99.1. Investors should refer to this press release for detailed financial performance and operational highlights during the period. While the 8-K itself is procedural, the press release is crucial for understanding EMCOR's performance, including revenue, profitability, and any forward-looking guidance. It is important to note that the information furnished in this report is not deemed "filed" under Section 18 of the Exchange Act, meaning it doesn't carry the same legal liabilities for inaccuracies as formally filed documents, but it is still the primary source of disclosure for this period's results.

10-Q

EMCOR Group, Inc. Quarterly Report for Q2 Ended Jun 30, 2026

Jul 30, 2026

EMCOR Group, Inc. reported strong financial performance for the second quarter and first half of fiscal year 2026. Revenues surged by approximately 20% year-over-year for the quarter, reaching a record $5.15 billion. This growth was driven by broad-based demand across all reporting segments, particularly in the United States electrical and mechanical construction and facilities services divisions, fueled by strong activity in the network and communications sector, including data center construction. Profitability also saw significant improvement. Operating income for the quarter increased by 32% to $547.3 million, with an improved operating margin of 10.6% compared to 9.6% in the prior year period. This was supported by a higher gross profit margin and a more efficient SG&A expense ratio. Diluted earnings per share rose substantially to $9.06 from $6.72, reflecting both the operational performance and a reduced share count due to ongoing share repurchases. The company's backlog of remaining performance obligations also reached a record $17.14 billion, indicating a strong demand pipeline for future work.

8-K

EMCOR Group, Inc. 8-K Report, Shareholder Vote Results (Jun 4, 2026)

Jun 4, 2026

EMCOR Group, Inc. (EME) filed an 8-K on June 4, 2026, reporting the outcomes of its 2026 Annual Meeting of Stockholders. The primary focus of this filing is the voting results on three key proposals presented to shareholders. All incumbent directors standing for election were overwhelmingly re-elected, indicating strong shareholder confidence in the current board leadership. Additionally, the compensation of the company's named executive officers was approved on a non-binding advisory basis, and the appointment of Ernst & Young LLP as the independent auditor for 2026 was ratified with substantial support.

8-K

EMCOR Group, Inc. 8-K Report, Financial Results (Apr 29, 2026)

Apr 29, 2026

EMCOR Group, Inc. (EME) has filed an 8-K on April 29, 2026, to report on its financial results for the fiscal 2026 first quarter, which concluded on March 31, 2026. The filing primarily serves to attach the press release that details these operational and financial outcomes. Investors should refer to Exhibit 99.1 for the comprehensive financial data and commentary provided by the company regarding its performance during this period. While the 8-K itself is brief and directs readers to the press release, the significance lies in the information contained within that accompanying document. The press release will offer insights into key performance indicators, revenue figures, profitability, and any forward-looking statements or guidance that EMCOR may have issued. Investors are advised to review the press release thoroughly to understand the company's current financial health and its outlook for the remainder of fiscal year 2026.

10-Q

EMCOR Group, Inc. Quarterly Report for Q1 Ended Mar 31, 2026

Apr 29, 2026

EMCOR Group, Inc. (EME) reported a strong first quarter for 2026, demonstrating significant revenue growth and improved profitability. Revenues surged by 19.7% year-over-year to $4.63 billion, driven by broad-based demand across its service segments, particularly in electrical and mechanical construction, supported by strong performance in data center construction and institutional projects. This robust revenue increase, coupled with effective cost management, led to a record operating income of $403.8 million, representing an 8.7% margin, up from 8.2% in the prior year period. Diluted earnings per share also saw a substantial increase, reflecting the operational improvements and a reduced share count from ongoing share repurchase programs. The company's substantial backlog of remaining performance obligations, which reached a record $15.62 billion, indicates strong future revenue potential. Acquisitions continued to contribute to growth, with recent additions bolstering capabilities in key markets. Despite a decrease in cash and cash equivalents due to increased accounts receivable and strategic investments, EMCOR maintains a strong liquidity position with ample availability under its credit facility, positioning it well to fund future growth and return value to shareholders.

10-K

EMCOR Group, Inc. Annual Report, Year Ended Dec 31, 2025

Feb 26, 2026

EMCOR Group, Inc. reported a strong fiscal year 2025, with revenues reaching a record $16.99 billion, a 16.6% increase over 2024. This growth was driven by broad-based demand across most market sectors served, with significant contributions from acquisitions, particularly Miller Electric Company. The company's operating income also saw a substantial increase to $1.71 billion, marking an improvement in operating margin to 10.1%. A notable event during the year was the sale of its United Kingdom operations, which contributed a gain of $144.9 million. EMCOR's backlog, or remaining performance obligations, also grew significantly to $13.25 billion, indicating strong future revenue potential, especially in the network and communications (data centers) and institutional sectors. The company's continued investment in strategic acquisitions and strong project execution, coupled with a robust balance sheet and a planned increase in its quarterly dividend, position it well for continued growth. Investors should note the company's ongoing focus on operational efficiency, skilled labor retention, and its ability to navigate market and economic uncertainties.

8-K

EMCOR Group, Inc. 8-K Report, Financial Results (Feb 26, 2026)

Feb 26, 2026

EMCOR Group, Inc. (EME) filed an 8-K on February 26, 2026, to report its fiscal 2025 fourth quarter and full-year results. While the 8-K itself does not contain the detailed financial figures, it directs investors to a furnished press release (Exhibit 99.1) for this information. Investors should refer to this press release for specific operational and financial condition data for the period ending December 31, 2025. This filing serves as notification of the release of the company's latest financial performance data. The information is intended to update stakeholders on EMCOR's recent business activities and financial standing. The company has clarified that the information furnished in this report is not considered 'filed' for certain regulatory purposes, which is standard practice for such filings that reference an attached press release.

10-Q

EMCOR Group, Inc. Quarterly Report for Q3 Ended Sep 30, 2025

Oct 30, 2025

EMCOR Group, Inc. (EME) reported a strong third quarter for fiscal year 2025, with revenues reaching a record $4.30 billion, an increase of 16.4% year-over-year, driven by robust demand across its service sectors and significant contributions from recent acquisitions. Operating income also saw a healthy increase to $405.7 million, although operating margin slightly compressed to 9.4% from 9.8% in the prior year's quarter, primarily due to factors in the electrical construction segment and amortization from acquisitions. Net income rose to $295.4 million, or $6.57 per diluted share, up from $270.3 million, or $5.80 per diluted share, in the same period last year. The company highlighted strong performance in its United States construction segments, particularly in network and communications driven by data center demand. EMCOR also continues to execute its strategic growth initiatives through acquisitions, with the significant acquisition of Miller Electric bolstering its electrical construction capabilities. The company's backlog of remaining performance obligations stands strong at $12.61 billion, providing good visibility into future revenue.

8-K

EMCOR Group, Inc. 8-K Report, Financial Results (Oct 30, 2025)

Oct 30, 2025

EMCOR Group, Inc. (EME) has filed an 8-K report on October 30, 2025, to disclose its financial results for the third quarter of fiscal year 2025, which ended on September 30, 2025. The primary purpose of this filing is to provide investors with timely information regarding the company's performance during the recently concluded quarter, as detailed in an accompanying press release furnished as Exhibit 99.1. While the specific financial figures are not detailed within the 8-K text itself, the filing signifies that EMCOR has officially shared its operational and financial outcomes. Investors and analysts should refer to the furnished press release (Exhibit 99.1) for comprehensive details on revenue, earnings per share, segment performance, and any forward-looking guidance. This announcement is crucial for understanding the company's current trajectory and its potential impact on future shareholder value.

8-K

EMCOR Group, Inc. 8-K Report, Executive Changes (Oct 29, 2025)

Oct 29, 2025

EMCOR Group, Inc. (EME) announced a key leadership change via an 8-K filing on October 29, 2025. The most significant development for investors is the election of Pat Roche to the Company's Board of Directors, effective October 27, 2025. This appointment, along with the associated compensation, suggests a strengthening of the board's expertise and a continued commitment to aligning director incentives with shareholder value through stock awards. Mr. Roche was granted 158 restricted stock units with a market value of approximately $119,266.30. This award is structured under the Company's established Director Award Program, implying a consistent approach to director compensation. Additionally, an indemnification agreement was executed, a standard practice for board members to ensure mutual protection. The company also disclosed this appointment via a press release, underscoring its importance and commitment to timely disclosure.

10-Q

EMCOR Group, Inc. Quarterly Report for Q2 Ended Jun 30, 2025

Jul 31, 2025

EMCOR Group, Inc. reported robust financial results for the second quarter and the first half of 2025, demonstrating significant year-over-year growth in both revenue and profitability. Revenues surged by 17.4% to a record $4.30 billion for the quarter, driven by strong demand across most served market sectors and substantial contributions from recent acquisitions, most notably Miller Electric. Operating income also reached a new quarterly high of $415.2 million, expanding the operating margin to 9.6%, up from 9.1% in the prior year. This improvement was largely attributed to enhanced performance in the United States construction segments, benefiting from an improved revenue mix and strong project execution. Net income and diluted earnings per share saw substantial increases, reflecting the operational improvements and a reduced share count due to ongoing share repurchases. The company's backlog of remaining performance obligations grew significantly to $11.91 billion, indicating strong future revenue visibility. Despite increased borrowing under its revolving credit facility to fund strategic initiatives, EMCOR maintains a solid liquidity position, with ample available capacity and strong cash generation from operations expected to cover its future obligations.

8-K

EMCOR Group, Inc. 8-K Report, Financial Results (Jul 31, 2025)

Jul 31, 2025

EMCOR Group, Inc. (EME) has filed an 8-K report on July 31, 2025, primarily to furnish a press release detailing its financial results for the fiscal second quarter ended June 30, 2025. While the filing itself does not contain the detailed financial statements, it directs investors to the accompanying press release (Exhibit 99.1) for the specific operational and financial performance metrics. Investors should refer to this press release for information regarding revenue, profitability, and any forward-looking guidance provided by the company for the upcoming periods. The 8-K filing emphasizes that the information furnished is not considered "filed" for certain regulatory purposes, meaning it does not trigger liability under Section 18 of the Exchange Act unless specifically incorporated into a future filing. Therefore, the press release is the definitive source for the quarterly performance data.

8-K

EMCOR Group, Inc. 8-K Report, Executive Changes (Jun 5, 2025)

Jun 5, 2025

EMCOR Group, Inc. (EME) filed an 8-K on June 5, 2025, detailing the outcomes of its 2025 Annual Meeting of Stockholders. The most significant information for investors concerns the approval of the First Amendment to the Amended & Restated 2010 Incentive Plan. This amendment extends the plan's term by five years, to June 5, 2030, without increasing the number of shares available for grant. This extension is crucial for the company's ability to retain and incentivize key personnel, which is a positive indicator for long-term operational stability and growth. Additionally, the meeting saw the re-election of all nine incumbent directors, indicating strong shareholder confidence in the current board's leadership. The compensation of named executive officers was also approved on a non-binding advisory basis, and Ernst & Young LLP was ratified as the company's independent auditor for 2025. These outcomes generally suggest continuity and a stable governance structure, which are favorable for investors.

8-K

EMCOR Group, Inc. 8-K Report, Financial Results (Apr 30, 2025)

Apr 30, 2025

EMCOR Group, Inc. has filed an 8-K report on April 30, 2025, primarily to announce its fiscal 2025 first-quarter financial results, which concluded on March 31, 2025. The key disclosure is the accompanying press release, furnished as Exhibit 99.1, which details the company's performance during the period. Investors should refer to this press release for specific financial figures, including revenue, profitability, and any forward-looking guidance or commentary provided by management. While the 8-K itself does not contain the detailed financial statements, it serves as the official notification and mechanism for making the earnings release publicly available. The information provided is crucial for understanding EMCOR's operational health, its progress against previous expectations, and its outlook for the remainder of fiscal 2025. Investors are advised to review the furnished press release for a comprehensive understanding of these results and their potential implications for the company's stock.

10-Q

EMCOR Group, Inc. Quarterly Report for Q1 Ended Mar 31, 2025

Apr 30, 2025

EMCOR Group, Inc. reported a strong first quarter of 2025, with revenues reaching a new quarterly record of $3.87 billion, an increase of 12.7% year-over-year. This growth was driven by robust demand across most market sectors, particularly within the United States construction segments, and was further bolstered by recent acquisitions, notably Miller Electric. Profitability also saw significant improvement, with operating income reaching $318.8 million (8.2% of revenues), up from $260.0 million (7.6% of revenues) in the prior year. This expansion in operating margin reflects improved performance, favorable revenue mix, and enhanced project execution. Diluted earnings per share also rose to $5.26, benefiting from operational improvements and a reduced share count due to ongoing share repurchases. The company's robust backlog of $11.75 billion provides a solid foundation for future revenue and earnings.

8-K

EMCOR Group, Inc. 8-K Report, Financial Results (Feb 26, 2025)

Feb 26, 2025

EMCOR Group, Inc. (EME) has filed a Form 8-K on February 26, 2025, primarily to report its fiscal year 2024 fourth quarter and full-year financial results. The company issued a press release detailing these results, which is furnished as an exhibit to this filing. Investors should refer to the press release (Exhibit 99.1) for specific operational and financial performance data for the period ended December 31, 2024. This filing does not contain extensive new details beyond the press release itself. The core purpose is to formally announce and provide access to the latest financial performance figures. Investors seeking to understand EMCOR's recent performance, including revenue, profitability, and any forward-looking statements, will need to consult the provided press release. The company is making this information available to comply with disclosure requirements and to inform stakeholders about its financial condition and results of operations.

10-K

EMCOR Group, Inc. Annual Report, Year Ended Dec 31, 2024

Feb 26, 2025

EMCOR Group, Inc. reported a strong financial performance for the fiscal year ended December 31, 2024, with record revenues of $14.57 billion, a 15.8% increase year-over-year. This growth was broad-based, driven by robust demand across most of its market sectors, particularly in data center construction and high-tech manufacturing. The company also achieved record operating income of $1.34 billion, with an operating margin of 9.2%, a significant improvement from the prior year. This performance reflects improved project execution, a favorable revenue mix, and strategic investments in technology. Acquisitions contributed approximately $251.5 million to revenues in 2024, demonstrating the company's continued inorganic growth strategy. EMCOR's backlog, or remaining performance obligations, stands at $10.10 billion, indicating continued strong future revenue potential, especially within its construction segments, driven by data center and healthcare projects. The company also maintained a strong liquidity position with $1.34 billion in cash and cash equivalents and ample availability under its credit facility. EMCOR's commitment to shareholder returns is evident through its consistent quarterly dividend and ongoing share repurchase program. The company's focus on operational excellence, safety, and strategic acquisitions positions it well for continued growth.

8-K

EMCOR Group, Inc. 8-K Report, Acquisition Completed (Feb 3, 2025)

Feb 3, 2025

EMCOR Group, Inc. (EME) has announced the completion of its acquisition of Miller Electric Company, a significant electrical contractor operating in high-growth regions of the Southeastern U.S. The acquisition was finalized on February 3, 2025, for a total consideration of $865 million in cash, subject to customary adjustments. This strategic move is expected to bolster EMCOR's presence and capabilities in a key geographical market known for its expanding infrastructure and development. Miller Electric's integration into EMCOR's operations marks a substantial expansion for the company. Investors should note that this acquisition will likely impact EMCOR's financial leverage and future earnings, given the size of the cash outlay. Further details regarding the financial impact and integration plans are anticipated in subsequent filings and communications.

8-K

EMCOR Group, Inc. 8-K Report, Executive Changes (Dec 19, 2024)

Dec 19, 2024

EMCOR Group, Inc. (EME) announced a significant governance update via an 8-K filing on December 19, 2024. The primary development is the appointment of Amy E. Dahl to the Company's Board of Directors, effective December 18, 2024. This strategic addition to the Board signifies a change in the company's leadership composition and potentially its oversight capabilities. In conjunction with her appointment, Ms. Dahl received 193 restricted stock units, valued at approximately $89,633 based on the closing stock price on the effective date. This equity award aligns her interests with shareholders and is a standard practice for compensating new directors. Investors should note that her compensation and the terms of her appointment are consistent with the Company's existing policies for non-employee directors and standard indemnification agreements.

10-Q

EMCOR Group, Inc. Quarterly Report for Q3 Ended Sep 30, 2024

Oct 31, 2024

EMCOR Group, Inc. (EME) reported a strong third quarter for 2024, showcasing robust revenue growth and significant improvements in profitability. Revenues surged by 15.3% year-over-year to $3.70 billion, setting a new quarterly record. This growth was driven by broad-based demand across its service segments, particularly in U.S. electrical and mechanical construction, fueled by strong performance in data center projects and the high-tech manufacturing sector. The company also achieved record operating income of $363.5 million, with an operating margin of 9.8%, a substantial increase from 7.3% in the prior year period. The company's financial health appears solid, supported by a substantial cash balance of over $1 billion and a strong operating cash flow generation of $938.4 million for the first nine months of the year. EMCOR continues to execute its growth strategy through strategic acquisitions, having completed five acquisitions in the first nine months of 2024. The company also demonstrated a commitment to shareholder returns through significant share repurchases totaling $409.2 million for the nine-month period and maintaining its quarterly dividend. The company's backlog of remaining performance obligations stands strong at $9.79 billion, providing a good visibility into future revenue streams.

8-K

EMCOR Group, Inc. 8-K Report, Financial Results (Oct 31, 2024)

Oct 31, 2024

EMCOR Group, Inc. (EME) has filed an 8-K report on October 31, 2024, to disclose its fiscal 2024 third quarter financial results. The report primarily serves to furnish a press release containing these operational and financial outcomes for the quarter ended September 30, 2024. While the filing itself is procedural, the press release it references is the key document for investors to understand the company's recent performance and financial standing. Investors should refer to the furnished press release (Exhibit 99.1) for detailed financial metrics, including revenue, earnings, and any forward-looking statements or guidance provided by management. This filing indicates that EMCOR has met its reporting obligations for the period. The information's significance lies entirely within the content of the accompanying press release, which is expected to detail the company's operational achievements, segment performance, and any notable factors influencing the quarter's results. Investors are advised to consult the press release for a comprehensive understanding of EMCOR's financial health and future outlook as presented by the company.

10-Q

EMCOR Group, Inc. Quarterly Report for Q2 Ended Jun 30, 2024

Jul 25, 2024

EMCOR Group, Inc. (EME) reported a strong second quarter for 2024, demonstrating robust growth and improved profitability. Revenues surged by 20.4% year-over-year to a new quarterly record of $3.67 billion, driven by broad-based strength across its service segments, particularly in its U.S. construction operations. This top-line growth, combined with enhanced project execution and a favorable mix of work, led to significant improvements in gross profit and operating income. Operating income reached a new quarterly record of $332.8 million, representing 9.1% of revenues, a substantial increase from 6.5% in the prior year period. This margin expansion highlights the company's operational efficiency and pricing power. Diluted earnings per share also saw a significant jump to $5.25 from $2.95 in the prior year's quarter, benefiting from both increased operating income and a reduced share count due to ongoing share repurchases. The company also reported a healthy backlog of $9.0 billion in remaining performance obligations, indicating strong future revenue potential.

8-K

EMCOR Group, Inc. 8-K Report, Financial Results (Jul 25, 2024)

Jul 25, 2024

EMCOR Group, Inc. (EME) has filed an 8-K report on July 25, 2024, primarily to disclose its fiscal 2024 second quarter financial results via a press release (Exhibit 99.1). Investors should note that this information is furnished and not deemed "filed" for regulatory purposes, meaning it doesn't automatically become incorporated into other SEC filings unless specifically referenced. The key takeaway is the release of Q2 2024 performance data, which will provide insights into the company's operational execution and financial health during the period. While the 8-K itself doesn't contain the detailed financial figures, the accompanying press release is the source of crucial performance metrics such as revenue, net income, and earnings per share. Investors will need to refer to Exhibit 99.1 for the specific numbers and management's commentary on these results. This filing serves as the official notification of the Q2 earnings announcement, allowing the market to assess EME's progress against expectations and its strategic initiatives.

8-K

EMCOR Group, Inc. 8-K Report, Shareholder Vote Results (Jun 10, 2024)

Jun 10, 2024

EMCOR Group, Inc. (EME) has filed an 8-K report detailing the results of its 2024 Annual Meeting of Stockholders held on June 6, 2024. The primary focus of this filing is the outcome of three key shareholder votes. All incumbent directors standing for election were re-elected, indicating continued shareholder confidence in the board's leadership and strategic direction. The compensation of named executive officers was also approved on a non-binding advisory basis, signaling shareholder support for the company's executive pay structure. Furthermore, the appointment of Ernst & Young LLP as the company's independent auditor for 2024 was ratified by shareholders. This decision underscores the market's trust in the company's financial reporting and oversight. Overall, the voting outcomes suggest a stable and supportive shareholder base for EMCOR Group's current governance and financial practices.

8-K

EMCOR Group, Inc. 8-K/A Report, Executive Changes (May 9, 2024)

May 9, 2024

EMCOR Group, Inc. (EME) has filed an 8-K detailing significant employment agreements for its Senior Vice President, Chief Financial Officer, and Chief Accounting Officer, Jason R. Nalbandian, executed on May 8, 2024. These agreements, a Continuity Agreement and a Severance Agreement, are designed to provide financial security and incentives to Mr. Nalbandian under specific circumstances, primarily related to a change of control or termination of employment. The Continuity Agreement offers enhanced protections in the event of a change of control, ensuring Mr. Nalbandian's employment continues for two years with at least his current salary, responsibilities, and bonus opportunities. It also outlines substantial severance payments, including a lump sum equal to three times his base salary and bonus payments, if his employment is terminated without cause or if he resigns for good reason within two years following a change of control. The Severance Agreement provides additional, though generally less extensive, severance benefits if Mr. Nalbandian's employment is terminated by the Company without cause or by him for good reason, outside of a change of control scenario. Investors should note these agreements aim to retain key executive talent by providing clear compensation and severance structures during potential transition periods.

10-Q

EMCOR Group, Inc. Quarterly Report for Q1 Ended Mar 31, 2024

Apr 25, 2024

EMCOR Group, Inc. reported a strong first quarter for 2024, with revenues reaching a record $3.43 billion, an 18.7% increase year-over-year. This growth was driven by robust demand across most of its market sectors, particularly in its U.S. construction segments, which saw significant revenue increases. The company also achieved record operating income and operating margin, with operating income surging by $105 million to $260 million, representing 7.6% of revenues, up from 5.4% in the prior year period. Net income also saw substantial improvement, reaching $197.1 million, or $4.17 per diluted share, compared to $111.5 million, or $2.32 per diluted share, in the first quarter of 2023. This enhanced profitability is attributed to better project execution, a favorable revenue mix, and operational efficiencies. The company continues to execute its growth strategy through strategic acquisitions, with four new companies expected to close in the coming months, further bolstering its service offerings in key segments. EMCOR's strong financial performance and strategic initiatives position it well for continued growth and value creation for shareholders.

8-K

EMCOR Group, Inc. 8-K Report, Financial Results (Apr 25, 2024)

Apr 25, 2024

EMCOR Group, Inc. (EME) filed an 8-K on April 25, 2024, primarily to report its fiscal 2024 first quarter results ended March 31, 2024. The company issued a press release detailing these results, which is attached as an exhibit to the filing. Investors should refer to the press release for specific financial performance metrics, including revenue, earnings, and any forward-looking guidance provided. This 8-K serves as a formal notification of the company's performance for the period, which is crucial for understanding its ongoing operational and financial condition.

10-K

EMCOR Group, Inc. Annual Report, Year Ended Dec 31, 2023

Feb 28, 2024

EMCOR Group, Inc. reported a strong fiscal year 2023, marked by record revenues of $12.6 billion, a 13.6% increase year-over-year. This growth was driven by robust demand across most of its service sectors, particularly in its United States construction segments (electrical and mechanical), which account for the majority of its revenue. The company demonstrated improved profitability, with operating income reaching $875.8 million (7.0% operating margin), up significantly from $564.9 million (5.1% operating margin) in 2022, attributed to better project execution, a favorable work mix, and reduced commodity price pressures. The company's backlog, represented by remaining performance obligations, grew to $8.85 billion, signaling continued demand for its services in the near term. EMCOR also continues its growth strategy through targeted acquisitions, having acquired eight companies in 2023. The company maintained a strong balance sheet, ending the year with $789.8 million in cash and cash equivalents, and has a $1.3 billion revolving credit facility with substantial available capacity. Management announced an intention to increase its quarterly dividend, reflecting confidence in its financial stability and future performance.

8-K

EMCOR Group, Inc. 8-K Report, Financial Results (Feb 28, 2024)

Feb 28, 2024

EMCOR Group, Inc. (EME) filed an 8-K on February 28, 2024, to report its fourth quarter and full fiscal year 2023 results. The press release furnishing these results, attached as Exhibit 99.1, provides investors with the company's latest financial performance metrics. While the 8-K itself does not contain detailed financial statements, it serves as the official channel for disseminating this crucial earnings information from the company's earnings release. Investors should review the furnished press release (Exhibit 99.1) for specific details regarding revenue, net income, earnings per share, and any forward-looking guidance provided by EMCOR. This filing is the primary mechanism for accessing the officially disclosed financial outcomes for the period ending December 31, 2023, and is essential for understanding the company's recent operational and financial standing.

8-K

EMCOR Group, Inc. 8-K Report, Material Agreement (Dec 21, 2023)

Dec 21, 2023

EMCOR Group, Inc. (EME) announced on December 21, 2023, that it has entered into a Seventh Amended and Restated Credit Agreement, effective December 20, 2023. This agreement restates and amends their previous credit facility, establishing a new $1.30 billion five-year revolving credit facility. This updated facility provides increased financial flexibility, allowing for potential expansion up to an additional $900 million or a percentage of Adjusted EBITDA, depending on lender participation. The maturity date for borrowings under this new agreement is December 20, 2028. The restated credit agreement includes customary financial covenants and is secured by substantially all of the Company's and its U.S. subsidiaries' assets. The interest rates are variable, depending on the Company's Leverage Ratio, ranging from 1.125% to 1.875% over SOFR or 0.125% to 0.875% over the base rate. This refinancing enhances EMCOR's borrowing capacity and financial structure, supporting its ongoing operations and strategic initiatives.

8-K

EMCOR Group, Inc. 8-K Report, Executive Changes (Dec 15, 2023)

Dec 15, 2023

EMCOR Group, Inc. (EME) announced a planned leadership transition involving its Chief Financial Officer (CFO) role and the departure of an Executive Vice President. Jason R. Nalbandian will be appointed Senior Vice President and CFO, effective April 1, 2024, succeeding Mark A. Pompa. Mr. Pompa, who has served as CFO since 2006, will continue in his role until Mr. Nalbandian's transition. Importantly, Mr. Pompa's departure is not attributed to any disagreements regarding accounting or financial disclosures. In addition to the CFO change, R. Kevin Matz, Executive Vice President-Shared Services, will also depart the Company on April 1, 2024, with his responsibilities being redistributed among the existing leadership team. These changes are part of a planned realignment of responsibilities and are detailed in a press release issued on December 15, 2023. Investors should note the planned nature of these transitions and the continuity provided by Mr. Nalbandian's internal promotion.

8-K

EMCOR Group, Inc. 8-K Report, Financial Results (Oct 26, 2023)

Oct 26, 2023

EMCOR Group, Inc. has filed an 8-K report on October 26, 2023, primarily to furnish a press release detailing its financial results for the third quarter of fiscal year 2023, which concluded on September 30, 2023. This filing serves as the primary channel for investors to access the company's operational and financial performance updates for the period. The disclosed information, as presented in the accompanying press release (Exhibit 99.1), is crucial for understanding the company's revenue generation, profitability, and overall financial health during the quarter. Investors should note that this report itself does not contain the detailed financial statements but rather references the press release. Therefore, a thorough review of Exhibit 99.1 is essential to grasp the specifics of EMCOR's Q3 2023 performance. Key metrics such as revenue, earnings per share (EPS), net income, and any forward-looking guidance or management commentary provided in the press release will be of significant interest to shareholders and potential investors looking to assess the company's trajectory and valuation.

10-Q

EMCOR Group, Inc. Quarterly Report for Q3 Ended Sep 30, 2023

Oct 26, 2023

EMCOR Group, Inc. reported a strong third quarter and a robust first nine months of 2023, demonstrating significant revenue and operating income growth across most segments. Total revenues for Q3 2023 reached a new quarterly record of $3.21 billion, a 13.5% increase year-over-year, driven by strong demand for their specialty construction and facilities services. The company also achieved record operating income of $235.0 million and an improved operating margin of 7.3%, up from 5.3% in the prior year period. This performance reflects better project execution, a favorable mix of work, and successful project close-outs. The nine-month performance was equally impressive, with revenues up 12.5% to $9.14 billion and operating income soaring by 51.3% to $586.6 million, with operating margins expanding significantly. The company's robust backlog of remaining performance obligations, standing at $8.64 billion as of September 30, 2023, indicates continued strength and provides good visibility into future revenue streams. Despite ongoing macroeconomic challenges such as inflation and supply chain disruptions, EMCOR's strategic initiatives and operational efficiencies have enabled them to navigate these complexities effectively.

10-Q

EMCOR Group, Inc. Quarterly Report for Q2 Ended Jun 30, 2023

Jul 27, 2023

EMCOR Group, Inc. reported a strong second quarter and first half of 2023, demonstrating robust financial performance and operational execution. Revenues reached a quarterly record of $3.05 billion, up 12.5% year-over-year, driven by growth across most segments, particularly United States electrical and mechanical construction and facilities services, and United States building services. This revenue growth, coupled with improved project execution and a more favorable mix of work, led to record operating income of $196.7 million (6.5% of revenue) for the quarter and $351.6 million (5.9% of revenue) for the first half, significantly exceeding prior year periods. The company's strong backlog of remaining performance obligations, which grew to $8.29 billion, indicates continued demand for its services and provides visibility into future revenue streams. EMCOR also successfully managed cost pressures, with gross profit margins improving to 16.1% for the quarter and 15.6% for the first half. Despite rising interest rates, the company's liquidity remains strong, with $503.1 million in cash and cash equivalents and significant available capacity under its revolving credit facility. Shareholder returns were supported by a $0.18 quarterly dividend and continued, albeit reduced, share repurchases. While challenges such as supply chain disruptions and inflationary pressures persist, EMCOR's management has effectively navigated these complexities through diligent contract negotiation, pricing adjustments, and enhanced operational planning. The company appears well-positioned to capitalize on ongoing demand in key markets, including data centers, high-tech manufacturing, and renewable energy projects.

8-K

EMCOR Group, Inc. 8-K Report, Financial Results (Jul 27, 2023)

Jul 27, 2023

EMCOR Group, Inc. (EME) filed an 8-K on July 27, 2023, to report its fiscal 2023 second quarter results ended June 30, 2023. The core of this filing is the press release (Exhibit 99.1) containing the company's financial and operational performance for the quarter. Investors should review this press release for detailed information regarding revenue, profitability, and any forward-looking statements or guidance provided by EMCOR. While the 8-K itself is a procedural filing to announce the results, the accompanying press release is the primary source of actionable financial data. Investors should pay close attention to whether the company met or exceeded its previous guidance, any trends in its various operating segments, and management's commentary on the business outlook. This filing serves as the official notification of EMCOR's recent performance, setting the stage for subsequent investor analysis and potential stock price movements.

8-K

EMCOR Group, Inc. 8-K Report, Rights Modification (Jun 9, 2023)

Jun 9, 2023

EMCOR Group, Inc. (EME) filed an 8-K on June 9, 2023, detailing key outcomes from its 2023 Annual Meeting of Stockholders. The primary focus of the filing is the approval of several amendments to the Company's Restated Certificate of Incorporation. These amendments, recommended by the Board of Directors and approved by stockholders, grant the Board greater authority in determining its size, provide exculpation for certain officers as permitted by Delaware law, and establish an exclusive forum for specific legal claims against the company. These changes are designed to enhance corporate governance and protect the company and its officers from certain liabilities. Additionally, the filing reports the results of various shareholder votes. All incumbent directors standing for election were re-elected, indicating continued shareholder confidence in the current leadership. The compensation of named executive officers received a non-binding advisory approval, and shareholders overwhelmingly supported holding this "say-on-pay" vote annually. The appointment of Ernst & Young LLP as the independent auditor was also ratified. Notably, a shareholder proposal advocating for a separate Chair of the Board and CEO was not approved, suggesting shareholder support for the current leadership structure.

8-K

EMCOR Group, Inc. 8-K Report, Material Agreement (Apr 28, 2023)

Apr 28, 2023

EMCOR Group, Inc. (EME) filed an 8-K on April 28, 2023, detailing a significant amendment to its credit agreement and providing an update on its first-quarter 2023 financial results. The most substantial development is the First Amendment to its Sixth Amended and Restated Credit Agreement, which replaces the London Interbank Offered Rate (LIBOR) with the Secured Overnight Financing Rate (SOFR) plus a credit spread adjustment. This transition is a critical regulatory and operational shift for the company's borrowing costs and financial reporting. Additionally, the filing references a press release issued on April 27, 2023, which disclosed the company's financial results for the first quarter of fiscal 2023. While the 8-K itself does not contain the full financial details from the press release, it signals that this information has been made public and investors should refer to that separately filed exhibit for a comprehensive understanding of the company's operational and financial performance during the period. The amendment to the credit agreement also implies adjustments to interest rate calculations on its debt, which will impact future interest expenses.

10-Q

EMCOR Group, Inc. Quarterly Report for Q1 Ended Mar 31, 2023

Apr 27, 2023

EMCOR Group, Inc. reported strong financial performance for the first quarter of 2023, demonstrating significant year-over-year growth in revenue and operating income. Revenue increased by 11.5% to $2.89 billion, driven by broad-based growth across most of its segments, including notable contributions from data center, healthcare, and high-tech manufacturing projects. Profitability saw a substantial improvement, with operating income rising by 55% to $154.9 million, translating to a 150 basis point increase in operating margin to 5.4%. This was attributed to better project execution, a more favorable project mix, and a decrease in the impact of supply chain disruptions compared to the prior year. Diluted EPS also saw a strong increase to $2.32. The company's backlog of remaining performance obligations reached $7.87 billion, indicating robust future revenue potential. EMCOR also announced an increase in its quarterly dividend, signaling confidence in its financial health.

8-K

EMCOR Group, Inc. 8-K Report, Financial Results (Feb 23, 2023)

Feb 23, 2023

EMCOR Group, Inc. has filed an 8-K report on February 23, 2023, to announce its fiscal year 2022 fourth-quarter and full-year financial results. The report primarily references a press release (Exhibit 99.1) detailing these operational and financial outcomes. While the 8-K itself doesn't contain the specific figures, it serves as the official notification and disclosure mechanism for these results, which investors should review in the accompanying press release for detailed performance metrics. Investors should focus on the information contained within the February 23, 2023 press release furnished with this 8-K. This document will provide the critical financial details, including revenue, profitability, earnings per share, and any forward-looking guidance that EMCOR Group may have provided. Understanding these results is crucial for assessing the company's recent performance and its outlook for the upcoming fiscal periods.

10-K

EMCOR Group, Inc. Annual Report, Year Ended Dec 31, 2022

Feb 23, 2023

EMCOR Group, Inc. reported strong revenue growth in 2022, reaching a new annual record of $11.1 billion, an increase of 11.8% from the prior year. This growth was driven by broad-based demand across most of its service segments, particularly in United States construction and building services. Despite this top-line expansion, the company experienced a slight decrease in its gross profit margin to 14.5% from 15.2% in the prior year, largely due to a less favorable project mix and specific project losses within its U.S. construction segments. These margin pressures were partly offset by improved operating leverage in selling, general, and administrative expenses. Looking ahead, EMCOR faces ongoing challenges including supply chain disruptions, inflation, and rising interest rates, which are impacting material costs, labor productivity, and project scheduling. The company is actively managing these challenges through enhanced planning, pricing adjustments, and supplier relationships. EMCOR's strong backlog, reflected in its remaining performance obligations of $7.46 billion, indicates continued demand for its services, providing a solid foundation for future revenue generation. The company also continues its commitment to shareholder returns through dividends and share repurchases.

8-K

EMCOR Group, Inc. 8-K Report, Executive Changes (Dec 15, 2022)

Dec 15, 2022

EMCOR Group, Inc. (EME) announced a key executive change and a new board member in their December 15, 2022, 8-K filing. Jason R. Nalbandian has been appointed Senior Vice President and Chief Accounting Officer, effective January 1, 2023. This promotion reflects Nalbandian's prior experience within the company, having served as Vice President and Chief Accounting Officer since January 2022 and holding the Controller position previously. Additionally, Rebecca Ann Weyenberg was elected to the Board of Directors. Her appointment is effective immediately and comes with a compensation package including $85,000 worth of restricted stock units, based on the company's Director Award Program. Weyenberg will also receive standard director compensation and an indemnification agreement, aligning with the company's policies for non-employee directors.

8-K

EMCOR Group, Inc. 8-K Report, Financial Results (Oct 27, 2022)

Oct 27, 2022

EMCOR Group, Inc. filed an 8-K on October 27, 2022, primarily to report its third-quarter fiscal year 2022 results. The company issued a press release on the same day detailing its financial performance for the quarter ended September 30, 2022. This filing serves as the official notification to investors about the company's operational and financial condition during this period. While the 8-K itself does not contain the detailed financial figures, it references an attached press release (Exhibit 99.1) which contains the critical data investors would need to assess EMCOR's performance. Investors should review this press release for specific metrics such as revenue, net income, earnings per share, and any forward-looking guidance provided by the company. The filing also clarifies that the information furnished, unless specifically incorporated by reference into other filings, is not subject to the liabilities of Section 18 of the Exchange Act.

10-Q

EMCOR Group, Inc. Quarterly Report for Q3 Ended Sep 30, 2022

Oct 27, 2022

EMCOR Group, Inc. reported a strong third quarter for fiscal year 2022, showcasing record revenues and increased profitability. Revenue growth was observed across most segments, driven by robust demand for specialty construction and facility services, though the UK Building Services segment saw a decline primarily due to unfavorable foreign exchange rates. Despite inflationary pressures and supply chain disruptions, the company managed to improve operating income through effective cost management and leveraging its overhead structure. Significant focus has been placed on managing working capital, evidenced by an increase in operating cash flow. The company also continued its aggressive share repurchase program and announced an increase in its quarterly dividend. While facing macroeconomic headwinds such as rising interest rates and continued supply chain issues, EMCOR's substantial backlog of remaining performance obligations ($7.1 billion) provides a solid foundation for future revenue generation and demonstrates the ongoing demand for its services.

8-K

EMCOR Group, Inc. 8-K Report, Bylaw Amendment (Oct 26, 2022)

Oct 26, 2022

EMCOR Group, Inc. (EME) announced on October 26, 2022, that its Board of Directors has adopted Second Amended and Restated By-Laws, effective immediately. These changes primarily focus on modernizing corporate governance procedures, enhancing flexibility in shareholder communications and meetings, and refining the process for director nominations and shareholder proposals. Key amendments include allowing for virtual-only shareholder meetings, permitting electronic notice and proxy submissions, and expanding the disclosures required from shareholders seeking to nominate directors or propose business. The by-laws also update director qualifications, clarify the roles of the Chairman and Lead Director, and streamline officer removal processes. Investors should note these changes are largely procedural and aimed at aligning with current best practices and regulatory requirements, such as the Universal Proxy Rules, to ensure efficient and compliant corporate operations.

10-Q

EMCOR Group, Inc. Quarterly Report for Q2 Ended Jun 30, 2022

Jul 28, 2022

EMCOR Group, Inc. reported strong revenue growth in the second quarter and first half of 2022, driven by its United States construction and building services segments, despite facing persistent supply chain disruptions and inflationary pressures. While overall revenues increased by 11.1% year-over-year for the quarter to $2.71 billion, gross profit margins saw a slight decline from 15.4% to 14.1% due to project mix changes and the impact of supply chain issues on labor productivity and project execution. These factors, coupled with specific project write-downs, led to a decrease in overall operating margin from 5.5% to 5.1% for the quarter. The company also demonstrated a significant commitment to returning capital to shareholders, with a substantial increase in share repurchases during the period, totaling $454.3 million for the first six months of the year. This aggressive buyback program, coupled with a planned increase in quarterly dividends, signals management's confidence in the company's financial health and future prospects. Despite the headwinds, EMCOR maintains a robust backlog of $6.46 billion in remaining performance obligations, providing good visibility for future revenue.

8-K

EMCOR Group, Inc. 8-K Report, Financial Results (Jul 28, 2022)

Jul 28, 2022

EMCOR Group, Inc. (EME) has filed an 8-K report on July 28, 2022, primarily announcing their fiscal 2022 second quarter financial results. This report is based on a press release issued on the same date. While the 8-K itself doesn't contain detailed financial figures, it serves as a formal notification of the company's performance for the quarter ended June 30, 2022, with the full details available in the furnished press release (Exhibit 99.1). Investors should refer to the press release for specific metrics such as revenue, net income, earnings per share, and any forward-looking guidance. This filing is crucial for understanding the company's operational and financial health in the second quarter and how it might impact future performance and stock valuation. The filing also notes that the information furnished is not considered 'filed' for regulatory purposes under certain sections of the Exchange Act, which is standard for press release disclosures within an 8-K.

8-K

EMCOR Group, Inc. 8-K Report, Shareholder Vote Results (Jun 3, 2022)

Jun 3, 2022

EMCOR Group, Inc. (EME) filed an 8-K on June 3, 2022, detailing the outcomes of its 2022 Annual Meeting of Stockholders held on June 2, 2022. The report indicates strong support from shareholders on key governance matters, including the re-election of all nine incumbent directors and the approval of executive compensation on an advisory basis. Additionally, the appointment of Ernst & Young LLP as the independent auditor for 2022 was ratified with overwhelming support, demonstrating continued confidence in the company's financial oversight and reporting practices. A notable outcome was the rejection of a stockholder proposal that sought to lower the threshold for calling special meetings to 10% of common stock. This proposal did not receive majority support, suggesting that the current governance structure and existing mechanisms for shareholder engagement are largely favored by the company's investors. Overall, the filing signals a stable and supportive shareholder base for EMCOR's leadership and established corporate governance procedures.

10-Q

EMCOR Group, Inc. Quarterly Report for Q1 Ended Mar 31, 2022

Apr 28, 2022

EMCOR Group, Inc. reported solid revenue growth of 12.5% year-over-year for the first quarter of 2022, reaching $2.59 billion. This top-line increase was driven by broad-based growth across all reporting segments, including contributions from recent acquisitions. However, profitability faced pressure, with operating income decreasing to $100.0 million (3.9% of revenue) from $117.0 million (5.1% of revenue) in the prior year quarter. The decline in profitability was primarily due to a lower gross profit margin, impacted by a less favorable project mix in key segments, supply chain disruptions leading to reduced labor productivity and material cost escalations, and project write-downs. The company is actively managing these challenges through enhanced planning, pricing strategies, and supplier relationships, but acknowledges the ongoing uncertainty from economic disruptions and the conflict in Ukraine. Despite margin pressures, EMCOR's backlog of remaining performance obligations remained strong at $5.95 billion as of March 31, 2022, indicating a healthy demand pipeline for future work. The company also demonstrated a robust commitment to shareholder returns through significant share repurchases totaling $181.8 million in the quarter, alongside regular dividend payments.

8-K

EMCOR Group, Inc. 8-K Report, Financial Results (Apr 28, 2022)

Apr 28, 2022

EMCOR Group, Inc. (EME) has filed an 8-K report on April 28, 2022, to disclose its financial results for the first quarter ended March 31, 2022. The key information is contained within the accompanying press release (Exhibit 99.1), which outlines the company's operational performance and financial condition for the period. Investors should review this press release for details on revenue, profitability, and any forward-looking statements made by the company. This filing serves as the primary vehicle for communicating the company's quarterly performance to the public. While the 8-K itself is brief, it directs stakeholders to the press release for substantive financial data. Therefore, the analysis of EMCOR's Q1 2022 performance hinges on the contents of the furnished press release, which is integral to understanding the company's current financial standing and operational momentum.