EMCOR Group

Energy & Utilities Manufacturing & Industrial electricity energy infrastructure facilities management

EMCOR Group provides electrical and mechanical construction, and facilities services in the United States. The Company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical process, food process, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, and controls and filtration systems; roadway and transit lighting and fiber-optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; plumbing, processing, and piping systems; central plant heating and cooling systems; cranes and rigging; millwrighting; and steel fabrication, erection, and welding.

Revenue(FY, 2017)

$7.7 B

Market capitalization(2018-04-25)

$4.8 B

Backlog(FY, 2017)

$3.8 B

Type

Public

Norwalk, US

Founded

1994

Size (employees)

31,000 (est)

Website

emcorgroup.com

EMCOR Group was founded in 1994 and is headquartered in Norwalk, US

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Key People/Management at EMCOR Group

Anthony Guzzi

President and Chief Executive Officer

Mark Pompa

Executive Vice President and Chief Financial Officer

Kevin Matz

Executive Vice President, Shared Services

Maxine Lum Mauricio

Senior Vice President and General Counsel

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EMCOR Group Office Locations

EMCOR Group has an office in Norwalk

Norwalk, US (HQ)

301 Merritt Seven

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EMCOR Group Financials and Metrics

EMCOR Group Financials

EMCOR Group's revenue was reported to be $7.69 b in FY, 2017 which is a 1.8% increase from the previous period.

Summary

USD
Revenue (FY, 2017)	7.7 b
Revenue growth (FY, 2016 - FY, 2017), %	1.8%
Gross profit (FY, 2017)	1.1 b
Gross profit margin (FY, 2017), %	14.9%
Net income (FY, 2017)	227.2 m
EBIT (FY, 2017)	330.6 m
Market capitalization (25-Apr-2018)	4.8 b
Cash (31-Dec-2017)	467.4 m
EV	4.6 b

EMCOR Group's current market capitalization is $4.8 b.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	6.4 b	6.7 b	7.6 b	7.7 b
Revenue growth, %		5%	12%	2%
Cost of goods sold	5.5 b	5.8 b	6.5 b	6.5 b
Gross profit	907.2 m	944.5 m	1 b	1.1 b

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Revenue	1.6 b	1.6 b	1.6 b	1.6 b	1.7 b	1.7 b	1.7 b	1.9 b	1.9 b	1.9 b	1.9 b	1.9 b
Cost of goods sold	1.4 b	1.3 b	1.3 b	1.4 b	1.4 b	1.5 b	1.5 b	1.7 b	1.7 b	1.6 b	1.6 b	1.6 b
Gross profit	215.2 m	219.6 m	222.2 m	216.9 m	239.5 m	235.4 m	223.1 m	274.7 m	268 m	266.3 m	274.5 m	295.1 m
Gross profit Margin, %	13%	14%	14%	14%	14%	14%	13%	14%	14%	14%	14%	16%

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Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	432.1 m	486.8 m	464.6 m	467.4 m
Accounts Receivable	1.2 b	1.4 b	1.5 b	1.6 b
Prepaid Expenses	70.3 m	64.1 m	82.7 m	43.8 m
Inventories	46.9 m	37.5 m	37.4 m	42.7 m

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Cash	406.7 m	437.1 m	437.4 m	368.9 m	360.8 m	445.4 m	392.4 m	443 m	504.6 m	302.8 m	385.4 m	480.5 m
Accounts Receivable	1.3 b	1.2 b	1.2 b	1.2 b	1.3 b	1.3 b	1.4 b	1.4 b	1.5 b	1.5 b	1.5 b	1.5 b
Prepaid Expenses	67.7 m	78.5 m	66.6 m	62.3 m	66.7 m	59.3 m	64.5 m	68.7 m	60.5 m	43 m	38.7 m	34.4 m
Inventories	50.3 m	58.3 m	67.2 m	46.3 m	65.1 m	47.8 m	37 m	41.9 m	43.9 m	42.7 m	42.5 m	43.7 m

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Cash Flow

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	173.4 m	172.5 m	182.2 m	227.2 m
Depreciation and Amortization	36.5 m	36.3 m	38.9 m	39.9 m
Inventories	5.3 m	9.7 m	954 k	(4.9 m)
Accounts Payable	(25.1 m)	25.4 m	13.1 m	54.9 m

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Net Income	32.7 m	79.5 m	121.5 m	34.4 m	89.7 m	141.3 m	52.6 m	109.4 m	174 m
Depreciation and Amortization	8.8 m	17.9 m	26.8 m	9.3 m	19.3 m	29.1 m	10.2 m	20.4 m	30.2 m
Cash From Operating Activities	(17.8 m)	(6.1 m)	95.6 m	(37.2 m)	47.8 m	128.9 m	(5.2 m)	102.9 m	238.3 m
Purchases of PP&E	(6.9 m)	(15.8 m)	(22.9 m)	(9 m)	(19 m)	(29.3 m)	(10.6 m)	(17.7 m)	(26.1 m)

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Ratios

USD	Y, 2017
EV/EBIT	14 x
EV/CFO	12.7 x
Revenue/Employee	248 k
Debt/Equity	0.2 x
Debt/Assets	0.1 x
Financial Leverage	2.4 x

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EMCOR Group Operating Metrics

EMCOR Group's Backlog was reported to be $3.8b in FY, 2017.

	FY, 2014	Q1, 2015	Q2, 2015	Q3, 2015	FY, 2015	Q1, 2016	Q2, 2016	Q3, 2016	FY, 2016	Q1, 2017	Q2, 2017	Q3, 2017	FY, 2017
Backlog	$3.63 b	$3.74 b	$3.62 b	$3.77 b	$3.77 b	$3.85 b	$3.81 b	$3.90 b	$3.90 b	$3.97 b	$4.10 b	$3.96 b	$3.79 b

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EMCOR Group Acquisitions / Subsidiaries

Acquired Company	Date	Deal Size
Dyn Specialty Contracting, Inc.
EMCOR International, Inc.
EMCOR Construction Services, Inc.
MES Holdings Corporation
EMCOR Mechanical/Electrical Services (East), Inc.
EMCOR (UK) Limited
EMCOR Group (UK) plc
EMCOR Facilities Services, Inc.
EMCOR-CSI Holding Co.
FR X Ohmstede Acquisitions Co.