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Emcor Group: 2Q Earnings Snapshot

July 30, 2019

NORWALK, Conn. (AP) _ Emcor Group Inc. (EME) on Tuesday reported second-quarter net income of $84 million.

The Norwalk, Connecticut-based company said it had net income of $1.49 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The construction and maintenance company posted revenue of $2.32 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $2.09 billion.

Emcor Group expects full-year earnings to be $5.50 to $5.75 per share, with revenue in the range of $8.8 billion to $8.9 billion.

Emcor Group shares have climbed 41% since the beginning of the year. The stock has climbed 10% 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

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