The company said revenue for the quarter ended June 30, 2024 was $3.67 billion, up 20.4% from $3.05 billion a year earlier, and operating income was $332.8 million (9.1% of revenues) compared with $196.7 million (6.5%) a year earlier.

10-QQuarterly reportFiled Jul 25, 2024Period of report Jun 30, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said revenue for the quarter ended June 30, 2024 was $3.67 billion, up 20.4% from $3.05 billion a year earlier, and operating income was $332.8 million (9.1% of revenues) compared with $196.7 million (6.5%) a year earlier.
EMCOR said net income for the quarter ended June 30, 2024 was $247.6 million ($5.25 per diluted share), compared with $140.6 million ($2.95 per share) a year earlier. It said diluted earnings per share also reflected a lower weighted average share count from stock repurchases made in 2023 and the first half of 2024.
The company said quarterly revenue for its United States mechanical construction and facilities services segment was $1,655.2 million, up $461.1 million from $1,194.1 million a year earlier, and operating income was $213.4 million (12.9% of revenues) compared with $119.8 million (10.0%) a year earlier.
The company said net cash provided by operating activities for the first half of 2024 was about $412.0 million, up from about $214.9 million a year earlier. It said cash and cash equivalents (excluding restricted cash) as of June 30, 2024 were $807.3 million, and available capacity under its $1.30 billion revolving credit facility was $1.23 billion.

Key figures

Quarter ended June 30, 2024

Revenue: $3.7B
Operating income: $333M
Net income: $248M
EPS: $5.25
Gross profit: $684M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q2 Revenue $3.67 billion, Operating Income $332.8 million

The company said revenue for the quarter ended June 30, 2024 was $3.67 billion, up 20.4% from $3.05 billion a year earlier, and operating income was $332.8 million (9.1% of revenues) compared with $196.7 million (6.5%) a year earlier.

Source · Based on the MD&A text of the filing

Quarterly Net Income $247.6 million, Diluted EPS $5.25

EMCOR said net income for the quarter ended June 30, 2024 was $247.6 million ($5.25 per diluted share), compared with $140.6 million ($2.95 per share) a year earlier. It said diluted earnings per share also reflected a lower weighted average share count from stock repurchases made in 2023 and the first half of 2024.

Source · Based on the MD&A text of the filing

U.S. Mechanical Construction Segment Quarterly Operating Income $213.4 million

The company said quarterly revenue for its United States mechanical construction and facilities services segment was $1,655.2 million, up $461.1 million from $1,194.1 million a year earlier, and operating income was $213.4 million (12.9% of revenues) compared with $119.8 million (10.0%) a year earlier.

Source · Based on the MD&A text of the filing

First-Half Operating Cash Flow $412.0 million, Cash $807.3 million

The company said net cash provided by operating activities for the first half of 2024 was about $412.0 million, up from about $214.9 million a year earlier. It said cash and cash equivalents (excluding restricted cash) as of June 30, 2024 were $807.3 million, and available capacity under its $1.30 billion revolving credit facility was $1.23 billion.

Source · Based on the MD&A text of the filing

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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