Emcor Group: 4Q Earnings Snapshot

February 21, 2019

NORWALK, Conn. (AP) _ Emcor Group Inc. (EME) on Thursday reported fourth-quarter net income of $78 million.

On a per-share basis, the Norwalk, Connecticut-based company said it had profit of $1.36. Earnings, adjusted to account for discontinued operations, came to $1.38 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.

The construction and maintenance company posted revenue of $2.23 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $2.05 billion.

For the year, the company reported profit of $283.5 million, or $4.85 per share. Revenue was reported as $8.13 billion.

Emcor Group expects full-year earnings to be $4.70 to $5.40 per share, with revenue in the range of $8.3 billion to $8.4 billion.

Emcor Group shares have increased 15 percent since the beginning of the year. The stock has decreased almost 10 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EME at https://www.zacks.com/ap/EME

All contents © copyright 2019 The Associated Press.All rights reserved.