Emcor Group, Inc. · NYSE:EME

Emcor — Q2 2019 Earnings Presentation

15 slides from Emcor's earnings presentation, Jul 30, 2019

  1. Slide 1: Quarter Two 2019 Financial Results

    Quarter Two 2019 Financial Results July 30, 2019

  2. Slide 2: Forward-Looking Statements and Non-GAAP Financial Disclosures

    Second Quarter 2019 Financial Results Forward-Looking Statements and Non-GAAP Financial Disclosures Forward Looking Statements: This material and related presentation contain certain forward-looking statements. Any such comments speak only as of this date and EMCOR assumes no obligation to update an

  3. Slide 3: EMCOR Participants

    Second Quarter 2019 Financial Results EMCOR Participants  Tony Guzzi Chairman, President & Chief Executive Officer  Mark Pompa EVP & Chief Financial Officer  Maxine Mauricio SVP & General Counsel  Kevin Matz EVP, Shared Services 3

  4. Slide 4: 2019 Qtr. 2 Executive Summary

    Second Quarter 2019 Financial Results 2019 Qtr. 2 Executive Summary  Strong performance continues in Quarter 2 ̶ Record Qtr. 2 diluted EPS from continuing operations of $1.49 vs. $1.21 in Qtr. 2 2018 ̶ Record Qtr. 2 revenues of $2.32 billion, 19.0% increase year- over-year ̶ Operating income as a p

  5. Slide 5: 2019 Qtr. 2 Executive Summary

    Second Quarter 2019 Financial Results 2019 Qtr. 2 Executive Summary ̶ U.S. Electrical Construction and Facilities Services segment revenues increased by $89.9 million vs. Qtr. 2 2018 with an operating margin of 7.7% ̶ U.S. Mechanical Construction and Facilities Services segment revenues increased by

  6. Slide 6: 2019 Qtr. 2 Executive Summary

    Second Quarter 2019 Financial Results 2019 Qtr. 2 Executive Summary  Diverse RPO of $4.23 billion, up 15.1% compared to Qtr. 2 2018 Jun. 2019 vs. – U.S. RPO UP $558 million or 15.8% Jun. 2018 $473M  Domestic Construction UP 15.8%  U.S. Building Services Segment UP $94M 20.8%  U.S. Industrial Ser

  7. Slide 7: 2019 Qtr. 2 Financial Results Highlights

    Second Quarter 2019 Financial Results 2019 – Qtr. 2 Financial Results Highlights  Revenues increased 19.0% quarter-over-quarter to $2.32 billion Change from Qtr. 2 2018 Qtr. 2 ($ Millions) (Unaudited) 2019 $ % U.S. Electrical Construction & Facilities Services $ 569.4 $ 89.9 18.7% U.S. Mechanical C

  8. Slide 8: 2019 Qtr. 2 Financial Results Highlights

    Second Quarter 2019 Financial Results 2019 – Qtr. 2 Financial Results Highlights  SG&A expenses increased to $226.2 million or 9.7% of revenues vs. $189.9 million or 9.7% of revenues for Qtr. 2 2018  Operating income was $120.0 million or 5.2% of revenues Operating Margin For the Quarter Ended Jun

  9. Slide 9: Key Financial Data – Income Statement

    Second Quarter 2019 Financial Results Key Financial Data – Income Statement ($ Thousands, except per share information) (Unaudited) For the Quarter Ended June 30, Variance 2019 2018 $ % Revenues $ 2,324,202 $ 1,953,886 $ 370,316 19.0% Gross Profit 346,380 290,844 55,536 19.1% 14.9% 14.9% Selling, Ge

  10. Slide 10: Key Financial Data – Income Statement

    Second Quarter 2019 Financial Results Key Financial Data – Income Statement ($ Thousands, except per share information) (Unaudited) For the Six Months Ended June 30, Variance 2019 2018 $ % Revenues $ 4,482,930 $ 3,854,274 $ 628,656 16.3% Gross Profit 655,134 559,963 95,171 17.0% 14.6% 14.5% Selling,

  11. Slide 11: Key Financial Data – Balance Sheet

    Second Quarter 2019 Financial Results Key Financial Data – Balance Sheet ($ Thousands) (Unaudited) 06/30/19 12/31/18 Cash $ 213,374 $ 363,907 Working Capital $ 716,069 $ 651,809 Goodwill $ 1,013,822 $ 990,887 Identifiable Intangible Assets, Net $ 488,017 $ 488,286 Total Debt (excludes operating leas

  12. Slide 12: Remaining Performance Obligations

    Second Quarter 2019 Financial Results Remaining Performance Obligations  Diverse RPO of $4.23 billion By Segment ($ Millions) (Unaudited) By Market Sector ($ Millions) (Unaudited) $5,000 $5,000 $5,000 $5,000 $4,226 $4,226 $3,964 $3,964 $4,000 $4,000 $4,000 $4,000 $3,673 $3,673 $3,000 $3,000 $3,000

  13. Slide 13: 2019 Outlook

    Second Quarter 2019 Financial Results 2019 Outlook  Non-residential construction market expected to grow mid- single digits ̶ Expect continued strength in large data infrastructure projects  Building Services benefiting from continued growth in retrofit and energy savings projects, as well as favo

  14. Slide 14: 2019 Revised Guidance

    Second Quarter 2019 Financial Results 2019 Revised Guidance Revenues $8.8 Billion ̶ $8.9 Billion (Was $8.5 Billion - $8.6 Billion) Diluted EPS from $5.50 ̶ $5.75 Continuing Operations (Was $5.00 - $5.50) 14

  15. Slide 15: COR. Build. Power. Service. Protect.

    ih COR. Build. Power. Service. Protect.

EMCOR Group — Q2 2019 Earnings Presentation on 6ix