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EMCOR Group's Q1 Earnings, Revenue Increase; Raises 2024 Guidance
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EMCOR Group's Q1 Earnings, Revenue Increase; Raises 2024 Guidance
Apr 25, 2024 7:01 AM

09:31 AM EDT, 04/25/2024 (MT Newswires) -- EMCOR Group ( EME ) reported Q1 earnings Thursday of $4.17 per diluted share, up from $2.32 a year earlier.

Analysts polled by Capital IQ expected $2.97.

Revenue for the quarter ended March 31 was $3.43 billion, up from $2.89 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.23 billion.

For 2024, the engineering and construction company said it now expects EPS of $15.50 to $16.50, up from the prior outlook of $14 to $15. Analysts polled by Capital IQ expect $14.50.

Revenue for the year is now projected to be $14 billion to $14.5 billion, compared with the prior outlook of $13.5 billion to $14 billion. Analysts surveyed by Capital IQ expect $13.74 billion.

Price: 359.71, Change: +20.82, Percent Change: +6.14

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