EMCOR Group, Inc. Announces Preliminary First Quarter 2020 Results and Provides COVID-19 Related Business Update
EMCOR Group, Inc. (EME)
Last emcor group, inc. earnings: 4/30 07:30 am
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US:NYSE Investor Relations:
emcorgroup.com/investor-relations
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Source: Business Wire
- Schedules First Quarter Conference Call for April 30, 2020 - NORWALK, Conn.--(BUSINESS WIRE)--EMCOR Group, Inc. (NYSE: EME) today announced preliminary results for the first quarter ended March 31, 2020 and provided a business update.For the first quarter of 2020, revenues are expected to be approximately $2.3 billion, up 6.5% year-over-year. First quarter revenues reflected strength across the business, led by overall double-digit growth in the United States mechanical construction and facilities services segment and the United States industrial services segment. Net income for the first quarter of 2020 is expected to be approximately $75.7 million, or $1.35 per diluted share, compared to $72.4 million, or $1.28 per diluted share, for the first quarter of 2019. EMCOR is also withdrawing its previously announced guidance for the full year 2020 due to the economic uncertainty caused by COVID-19.Tony Guzzi, Chairman, President and Chief Executive Officer of EMCOR, commented, “While
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