The company said fourth-quarter revenues for Q4 2023 rose 16.6% to $3.44 billion, with net income of $211.5 million ($4.47 per diluted share). Full-year revenues rose 13.6% to $12.58 billion, and net income was $633.0 million ($13.31 per diluted share).

1. 01

   The company said fourth-quarter revenues for Q4 2023 rose 16.6% to $3.44 billion, with net income of $211.5 million ($4.47 per diluted share). Full-year revenues rose 13.6% to $12.58 billion, and net income was $633.0 million ($13.31 per diluted share).

2. 02

   EMCOR said full-year 2023 operating income was $875.8 million, or 7.0% of revenues. Excluding the long-lived asset impairment charge of $2.4 million, non-GAAP net income was $634.7 million ($13.34 per diluted share).

3. 03

   The company said remaining performance obligations as of December 31, 2023 totaled $8.85 billion, more than the $7.46 billion as of December 31, 2022. It also said it expects full-year 2024 revenues of $13.5 billion to $14.0 billion and diluted earnings per share of $14.00 to $15.00.

4. 04

   The company said net cash provided by operating activities for 2023 was $899,655 thousand. It also said its Board approved raising the quarterly dividend to $0.25 per share from $0.18, and that the Board expects to declare this cash dividend starting in Q2 2024.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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