Last $43.72 USD
Change Today +0.78 / 1.82%
Volume 287.8K
EME On Other Exchanges
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As of 4:15 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

emcor group inc (EME) Key Developments

EMCOR Group Inc. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Year 2014

EMCOR Group Inc. announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $1,566,711,000, operating income of $73,597,000, income from continuing operations before income taxes of $71,386,000, income from continuing operations of $47,388,000 or $0.68 per diluted share, net income attributable company of $45,024,000, compared to the revenues of $1,605,315,000, operating income of $58,044,000, income from continuing operations before income taxes of $55,927,000, income from continuing operations of $31,903,000 or $0.43 per diluted share, net income attributable company of $26,690,000, for the same quarter a year ago. Cash flow was strong at $69.3 million in the quarter. For the nine months period, the company reported revenues of $4,710,169,000, operating income of $215,380,000, income from continuing operations before income taxes of $209,134,000, income from continuing operations of $133,706,000 or $1.92 per diluted share, net income attributable company of $126,198,000, net cash provided by operating activities of $108,994,000, purchase of property, plant and equipment of $27,574,000 compared to the revenues of $4,684,248,000, operating income of $164,444,000, income from continuing operations before income taxes of $159,328,000, income from continuing operations of $98,706,000 or $1.4 per diluted share, net income attributable company of $77,871,000, net cash provided by operating activities of $68,047,000, purchase of property, plant and equipment of $24,006,000 for the same period a year ago. The company noted that, based on the continuation of uncertain market conditions, it now expects revenue guidance down from $6.6 billion to $6.4 billion. Despite that reduction in revenue guidance, company expects that EMCOR will have positive organic growth in the fourth quarter, and continues to expect non-GAAP diluted earnings per share from continuing operations for 2014 of $2.50 to $2.70 excluding the gain on the building sale in July 2014.

EMCOR Group, Inc. Announces the Election of John W. Altmeyer to It's Board of Directors

EMCOR Group Inc. announced the election of John W. Altmeyer to the company's board of directors. Altmeyer, is the president and CEO of Carlisle Construction Materials. Currently, Altmeyer is also a member of the board of directors of Berkshire Hills Bancorp, Cornell Iron Works, and an Emeritus Director for the Whitaker Center for Science and the Arts in Harrisburg, PA.

EMCOR Group Inc. to Report Q3, 2014 Results on Oct 28, 2014

EMCOR Group Inc. announced that they will report Q3, 2014 results at 10:30 AM, US Eastern Standard Time on Oct 28, 2014

EMCOR Group Inc., Q3 2014 Earnings Call, Oct 28, 2014

EMCOR Group Inc., Q3 2014 Earnings Call, Oct 28, 2014

EMCOR Group Declares Quarterly Dividend, Payable on October 31, 2014

EMCOR Group Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.08 per common share. The dividend will be paid on October 31, 2014 to stockholders of record as of October 20, 2014.

 

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EME

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Valuation EME Industry Range
Price/Earnings 18.4x
Price/Sales 0.4x
Price/Book 1.9x
Price/Cash Flow 16.2x
TEV/Sales 0.3x
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