Emcor Group, Inc. · NYSE:EME

Emcor — Q3 2019 Earnings Presentation

15 slides from Emcor's earnings presentation, Oct 29, 2019

  1. Slide 1: Quarter Three 2019 Financial Results

    Quarter Three 2019 Financial Results October 29, 2019

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

    Third 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 any

  3. Slide 3: EMCOR Participants

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

  4. Slide 4: 2019 Qtr. 3 Executive Summary

    Third Quarter 2019 Financial Results 2019 Qtr. 3 Executive Summary  Strong performance continues in Quarter 3 ̶ Record Qtr. 3 diluted EPS from continuing operations of $1.45 vs. $1.36 in Qtr. 3 2018 ̶ Record Qtr. 3 revenues of $2.29 billion, 11.8% increase year- over-year ̶ Operating income as a pe

  5. Slide 5: 2019 Qtr. 3 Executive Summary

    Third Quarter 2019 Financial Results 2019 Qtr. 3 Executive Summary ̶ U.S. Electrical Construction and Facilities Services segment revenues increased by $68.7 million vs. Qtr. 3 2018 with an operating margin of 6.1% ̶ U.S. Mechanical Construction and Facilities Services segment revenues increased by

  6. Slide 6: 2019 Qtr. 3 Executive Summary

    Third Quarter 2019 Financial Results 2019 Qtr. 3 Executive Summary  Diverse RPO of $4.04 billion, up 1.65% compared to Qtr. 3 2018 Sept. 2019 vs. – U.S. RPO UP $71 million or 1.9% Sept. 2018 $(27)M  Domestic Construction DOWN -0.8%  U.S. Building Services Segment UP $110M 25.4%  U.S. Industrial

  7. Slide 7: 2019 Qtr. 3 Financial Results Highlights

    Third Quarter 2019 Financial Results 2019 – Qtr. 3 Financial Results Highlights  Revenues increased 11.8% quarter-over-quarter to $2.29 billion Change from Qtr. 3 2018 Qtr. 3 ($ Millions) (Unaudited) 2019 $ % U.S. Electrical Construction & Facilities Services $ 554.6 $ 68.7 14.1% U.S. Mechanical Co

  8. Slide 8: 2019 Qtr. 3 Financial Results Highlights

    Third Quarter 2019 Financial Results 2019 – Qtr. 3 Financial Results Highlights  SG&A expenses increased to $220.1 million or 9.6% of revenues vs. $197.3 million or 9.6% of revenues for Qtr. 3 2018  Operating income was $115.7 million or 5.1% of revenues Operating Margin For the Quarter Ended Sept

  9. Slide 9: Key Financial Data – Income Statement

    Third Quarter 2019 Financial Results Key Financial Data – Income Statement ($ Thousands, except per share information) (Unaudited) For the Quarter Ended September 30, Variance 2019 2018 $ % Revenues $ 2,287,741 $ 2,047,049 $ 240,692 11.8% Gross Profit 335,987 309,339 26,648 8.6% 14.7% 15.1% Selling,

  10. Slide 10: Key Financial Data – Income Statement

    Third Quarter 2019 Financial Results Key Financial Data – Income Statement ($ Thousands, except per share information) (Unaudited) For the Nine Months Ended September 30, Variance 2019 2018 $ % Revenues $ 6,770,671 $ 5,901,323 $ 869,348 14.7% Gross Profit 991,121 869,302 121,819 14.0% 14.6% 14.7% Se

  11. Slide 11: Key Financial Data – Balance Sheet

    Third Quarter 2019 Financial Results Key Financial Data – Balance Sheet ($ Thousands) (Unaudited) 09/30/19 12/31/18 Cash $ 368,073 $ 363,907 Working Capital $ 764,739 $ 651,809 Goodwill $ 1,019,590 $ 990,887 Identifiable Intangible Assets, Net $ 482,785 $ 488,286 Total Debt (excludes operating lease

  12. Slide 12: Remaining Performance Obligations

    Third Quarter 2019 Financial Results Remaining Performance Obligations  Diverse RPO of $4.04 billion By Segment ($ Millions) (Unaudited) By Market Sector ($ Millions) (Unaudited) $5,000 $5,000 $5,000 $5,000 $3,970 $3,964 $4,035 $3,970 $3,964 $4,035 $4,000 $4,000 $4,000 $4,000 $3,000 $3,000 $3,000 $

  13. Slide 13: 2019 Outlook

    Third 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 favor

  14. Slide 14: 2019 Revised Guidance

    Third Quarter 2019 Financial Results 2019 Revised Guidance Revenues ~ $9.0 Billion Diluted EPS from $5.65 ̶ $5.75 Continuing Operations (Was $5.50 - $5.75) 14

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

    ih COR. Build. Power. Service. Protect.

EMCOR Group — Q3 2019 Earnings Presentation on 6ix