Emcor Group: 4Q Earnings Snapshot
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.