Emcor Group, Inc. · NYSE:EME
Emcor — Q1 2025 Earnings Presentation
12 slides from Emcor's earnings presentation, Apr 30, 2025
Slide 1: First Quarter 2025 Earnings Call
First Quarter 2025 Earnings Call April 30, 2025
Slide 2: Forward-Looking Statements and Non-GAAP Financial Disclosures
FIRST QUARTER 2025 FINANCIAL RESULTS FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL DISCLOSURES Forward-Looking Statements This presentation and related press release contain forward-looking statements. Such statements speak only as of the date on the cover of this slide deck, and EMCOR assumes n
Slide 3: EMCOR Participants
FIRST QUARTER 2025 FINANCIAL RESULTS EMCOR PARTICIPANTS Tony Guzzi Chairman, President, & Chief Executive Officer Jason Nalbandian SVP & Chief Financial Officer Maxine Mauricio EVP, Chief Administrative Officer, & General Counsel Andy Backman VP, Investor Relations 3
Slide 4: Executive Summary – First Quarter 2025
FIRST QUARTER 2025 FINANCIAL RESULTS EXECUTIVE SUMMARY – FIRST QUARTER 2025 ($ Millions, except per share information) (Unaudited) 1Q25 1Q24 Change ($) Change (%) Revenues $3,867 $3,432 $435 12.7% Operating Income (GAAP) $319 $260 $59 22.6% Operating Margin (GAAP) 8.2% 7.6% Operating Income (Non-GAA
Slide 5: Remaining Performance Obligations
FIRST QUARTER 2025 FINANCIAL RESULTS REMAINING PERFORMANCE OBLIGATIONS » Diverse RPOs of $11.75 billion; +$2.57 billion Y/Y* By Segment ($ Millions) (Unaudited) By Market Sector ($ Millions) (Unaudited) $13,000 $13,000 $12,000 $11,750 $12,000 $11,750 $11,000 $11,000 $10,102 $10,102 $10,000 $10,000 $
Slide 6: First Quarter – Revenues
FIRST QUARTER 2025 FINANCIAL RESULTS FIRST QUARTER – REVENUES » Record consolidated quarterly revenues of $3.87 billion Variance from First Quarter 2024 ($ Millions) (Unaudited) 1Q25 $ % U.S. Electrical Construction & Facilities Services $ 1,087.9 $ 323.2 42.3% U.S. Mechanical Construction & Facilit
Slide 7: First Quarter – Operating Income
FIRST QUARTER 2025 FINANCIAL RESULTS FIRST QUARTER – OPERATING INCOME » GAAP: $318.8 million or 8.2% of revenues; +$58.8 million Y/Y » Non-GAAP: $328.1 million or 8.5% of revenues;+$68.2 million Y/Y* Variance from First Quarter 2024 ($ Millions) (Unaudited) 1Q25 $ % U.S. Electrical Construction & Fa
Slide 8: Key Financial Data – Income Statement
FIRST QUARTER 2025 FINANCIAL RESULTS KEY FINANCIAL DATA – INCOME STATEMENT ($ Thousands, except per share information) (Unaudited) For the Quarter Ended March 31, Variance 2025 2024 $ % Revenues $ 3,867,372 $ 3,432,276 $ 435,096 12.7% Gross Profit 722,718 589,309 133,409 22.6% 18.7% 17.2% Selling, G
Slide 9: Key Financial Data – Balance Sheet
FIRST QUARTER 2025 FINANCIAL RESULTS KEY FINANCIAL DATA – BALANCE SHEET ($ Thousands) (Unaudited) 03/31/25 12/31/24 Cash $ 576,702 $ 1,339,550 Working Capital $ 688,722 $ 1,235,326 Goodwill $ 1,336,557 $ 1,018,415 Identifiable Intangible Assets, Net $ 1,096,817 $ 648,180 Total Debt (excludes operati
Slide 10: 2025 Guidance and Summary
FIRST QUARTER 2025 FINANCIAL RESULTS 2025 GUIDANCE AND SUMMARY Current Guidance (4/30/25) Previous Guidance (2/26/25) Revenues $16.1 billion - $16.9 billion $16.1 billion - $16.9 billion Operating Margin 8.5% - 9.2% 8.5% - 9.2% Non-GAAP Diluted EPS* $22.65 - $24.00 $22.25 - $24.00 » Outlook supporte
Slide 11: Capital Allocation Trends
FIRST QUARTER 2025 FINANCIAL RESULTS CAPITAL ALLOCATION TRENDS EMCOR Capital Allocation by Year (%) 100% 4.9% 90% 24.4% 13.2% 20.2% 80% 36.7% 38.1% 1.0% 2.4% ~50% 43.6% 49.3% 51.7% 5.0% 70% 61.7% 58.5% 10.3% 60% 7.5% 79.0% 9.7% 4.6% 50% 13.6% 7.7% 9.4% 7.4% 40% 81.9% 23.4% 5.2% 76.4% 5.3% 9.6% 21.0%
Slide 12: First Quarter 2025 Earnings Call
FIRST QUARTER 2025 FINANCIAL RESULTS First Quarter 2025 Earnings Call April 30, 2025 12