Emcor Group, Inc. · NYSE:EME

Emcor — Q3 2018 Earnings Presentation

15 slides from Emcor's earnings presentation, Oct 25, 2018

  1. Slide 1: Third Quarter 2018 Financial Results

    Third Quarter 2018 Financial Results October 25, 2018

  2. Slide 2: Forward-Looking Statements and Non-GAAP Financial Disclosures

    Third Quarter 2018 Financial Results Forward-Looking Statements and Non-GAAP Financial Disclosures Forward Looking Statements: This material and related presentation contain certain forward-looking statements within the meaning of the Private Securities Reform Act of 1995. Any such comments speak on

  3. Slide 3: EMCOR Participants

    Third Quarter 2018 Financial Results EMCOR Participants  Tony Guzzi Chairman, President & Chief Executive Officer  Mark Pompa EVP & Chief Financial Officer  Maxine Mauricio SVP & General Counsel  Mava Heffler VP, Marketing & Communications  Kevin Matz EVP, Shared Services 3

  4. Slide 4: 2018 Qtr. 3 Executive Summary

    Third Quarter 2018 Financial Results 2018 Qtr. 3 Executive Summary  Continue to work in a growing non-residential environment – Diluted EPS from continuing operations of $1.36 vs. $1.09 in Quarter 3 2017 – Revenues increased 8.5% to $2.05 billion – Operating income as a percentage of revenues was 5

  5. Slide 5: 2018 Qtr. 3 Executive Summary

    Third Quarter 2018 Financial Results 2018 Qtr. 3 Executive Summary  U.S. Building Services segment revenues increased by $36.6 million vs. Quarter 3 2017 and operating margin expanded to 6.2% from 6.0%  U.S. Industrial Services segment revenues increased by $68.8 million vs. Quarter 3 2017 and ope

  6. Slide 6: 2018 Qtr. 3 Executive Summary

    Third Quarter 2018 Financial Results 2018 Qtr. 3 Executive Summary  Diverse Remaining Performance Obligations (RPO) of $3.97 billion, up 8.1% compared to Quarter 2 2018 Sept. 2018 vs. – U.S. RPO UP $300 million or 8.5% June 2018 $326M  Domestic Construction UP 10.8% $(18M)  U.S. Building Services

  7. Slide 7: 2018 Qtr. 3 Financial Results Highlights

    Third Quarter 2018 Financial Results 2018 – Qtr. 3 Financial Results Highlights  Revenues increased 8.5% quarter-over-quarter to $2.05 billion Change from Qtr. 3 2017 Qtr. 3 ($ Millions) (Unaudited) 2018 $ % U.S. Electrical Construction & Facilities Services $ 486.0 $ 28.1 6.1% U.S. Mechanical Cons

  8. Slide 8: 2018 Qtr. 3 Financial Results Highlights

    Third Quarter 2018 Financial Results 2018 – Qtr. 3 Financial Results Highlights  SG&A expenses increased to $197.3 million or 9.6% of revenues vs. $189.0 million or 10.0% of revenues for Qtr. 3 2017  Operating income of $111.8 million or 5.5% of revenues includes: For the Three Months (Unaudited)

  9. Slide 9: Key Financial Data – Income Statement

    Third Quarter 2018 Financial Results Key Financial Data – Income Statement ($ Thousands, except per share information) (Unaudited) For the Three Months Ended September 30, Variance 2018 2017 $ % Revenues $ 2,047,049 $ 1,886,691 $ 160,358 8.5% Gross Profit 309,339 295,070 14,269 4.8% 15.1% 15.6% Sell

  10. Slide 10: Key Financial Data – Income Statement

    Third Quarter 2018 Financial Results Key Financial Data – Income Statement ($ Thousands, except per share information) (Unaudited) For the Nine Months Ended September 30, Variance 2018 2017 $ % Revenues $ 5,901,323 $ 5,674,360 $ 226,963 4.0% Gross Profit 869,302 835,911 33,391 4.0% 14.7% 14.7% Selli

  11. Slide 11: Key Financial Data – Balance Sheet

    Third Quarter 2018 Financial Results Key Financial Data – Balance Sheet ($ Thousands) (Unaudited) 09/30/18 12/31/17 Cash $ 353,912 $ 467,430 Working Capital $ 734,624 $ 633,557 Goodwill $ 978,243 $ 964,893 Identifiable Intangible Assets, Net $ 471,447 $ 495,036 Total Debt $ 299,338 $ 310,150 Stockho

  12. Slide 12: Remaining Performance Obligations

    Third Quarter 2018 Financial Results 2018 Remaining Performance Obligations  Diverse Remaining Performance Obligations (RPO) of $3.97 billion By Segment ($ Millions) (Unaudited) By Market Sector ($ Millions) (Unaudited) $3,970 $3,970 $4,000 $4,000 $4,000 $3,673 $3,604 $3,673 $3,604 $3,000 $3,000 $3

  13. Slide 13: Year End Outlook

    Third Quarter 2018 Financial Results 2018 Year End Outlook  Non-residential construction market is growing at mid-single digit rate  Building Services benefiting from continued growth in retrofit and energy savings projects, as well as a favorable mix of work  Industrial Services: ‒ We expect str

  14. Slide 14: Guidance

    Third Quarter 2018 Financial Results 2018 Guidance Revenues ̴ $7.9 Billion Non-GAAP Diluted EPS from Continuing Operations $4.75 ̶ $4.90 * * Excludes non-cash impairment loss 14

  15. Slide 15: Build. Power. Service. Protect.

    Build. Power. Service. Protect.

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