EMCOR Group Inc. (NYSE:EME) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 3%.
EMCOR Group Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 19.3% to $0.68 in the quarter versus EPS of $0.57 in the year-earlier quarter.
Revenue: Rose 6.19% to $1.61 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: EMCOR Group Inc. reported adjusted EPS income of $0.68 per share. By that measure, the company beat the mean analyst estimate of $0.60. It missed the average revenue estimate of $1.64 billion.
Quoting Management: Tony Guzzi, President and Chief Executive Officer of EMCOR Group, commented, “The 2012 fourth quarter finished a strong year for us. We generated solid organic growth over a strong year-ago performance and expanded margins through excellent execution and a focus on cost control. Cash generation was strong during the year, and we have both invested in our growth and returned $58 million to our shareholders through our dividend and share repurchase program through the year. Overall, we are very pleased with our performance in what continues to be a challenging and uncertain environment.”
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