Emcor Group, Inc. · NYSE:EME
Emcor — Q2 2020 Earnings Presentation
15 slides from Emcor's earnings presentation, Aug 3, 2020
Slide 1: Quarter Two 2020 Financial Results
Quarter Two 2020 Financial Results August 3, 2020
Slide 2: Forward-Looking Statements and Non-GAAP Financial Disclosures
Second Quarter 2020 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 the date on the cover of this slide deck and EMCOR ass
Slide 3: EMCOR Participants
Second Quarter 2020 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
Slide 4: 2020 Qtr. 2 Executive Summary
Second Quarter 2020 Financial Results 2020 Qtr. 2 Executive Summary Strong Qtr. 2 Performance Despite Ongoing COVID-19 Impact: CHALLENGES SUCCESSFUL RESPONSE ‒ Varied, ever-changing environment ‒ Extraordinary field leadership to respond to ‒ Quick, decisive mitigation actions ‒ COVID-19 work prot
Slide 5: 2020 Qtr. 2 Executive Summary
Second Quarter 2020 Financial Results 2020 Qtr. 2 Executive Summary ̶ U.S. Electrical Construction and Facilities Services segment revenues decreased by $123.5 million vs. Qtr. 2 2019 with an operating margin of 7.2% ̶ U.S. Mechanical Construction and Facilities Services segment revenues decreased b
Slide 6: 2020 Qtr. 2 Executive Summary
Second Quarter 2020 Financial Results 2020 Qtr. 2 Executive Summary Diverse RPOs of $4.59 billion, up 8.6% compared to Qtr. 2 2019 June 30, 2020 vs. – U.S. RPOs UP $346 million or 8.4% June 30, 2019 $354M Domestic Construction UP 10.2% U.S. Building Services Segment DOWN $(21)M -3.9% U.S. In
Slide 7: 2020 Qtr. 2 Financial Results Highlights
Second Quarter 2020 Financial Results 2020 – Qtr. 2 Financial Results Highlights Consolidated quarterly revenues of $2.01 billion Change from Qtr. 2 2019 Qtr. 2 ($ Millions) (Unaudited) 2020 $ % U.S. Electrical Construction & Facilities Services $ 445.9 $ (123.5) -21.7% U.S. Mechanical Constructio
Slide 8: 2020 Qtr. 2 Financial Results Highlights
Second Quarter 2020 Financial Results 2020 – Qtr. 2 Financial Results Highlights SG&A expenses decreased to $205.2 million or 10.2% of revenues vs. $226.2 million or 9.7% of revenues for Qtr. 2 2019 Results include an impairment loss on goodwill, identifiable intangible assets, and other long-li
Slide 9: Key Financial Data – Income Statement
Second Quarter 2020 Financial Results Key Financial Data – Income Statement ($ Thousands, except per share information) (Unaudited) For the Quarter Ended June 30, Variance 2020 2019 $ % Revenues $ 2,014,021 $ 2,324,202 $ (310,181) -13.3% Gross Profit 315,286 346,380 (31,094) -9.0% 15.7% 14.9% Sellin
Slide 10: Key Financial Data – Income Statement
Second Quarter 2020 Financial Results Key Financial Data – Income Statement ($ Thousands, except per share information) (Unaudited) For the Six Months Ended June 30, Variance 2020 2019 $ % Revenues $ 4,313,853 $ 4,482,930 $ (169,077) -3.8% Gross Profit 648,347 655,134 (6,787) -1.0% 15.0% 14.6% Selli
Slide 11: Key Financial Data – Balance Sheet
Second Quarter 2020 Financial Results Key Financial Data – Balance Sheet ($ Thousands) (Unaudited) 06/30/20 12/31/19 Cash $ 481,391 $ 358,818 Working Capital $ 870,868 $ 721,273 Goodwill $ 839,772 $ 1,063,911 Identifiable Intangible Assets, Net $ 576,540 $ 611,444 Total Debt (excludes operating leas
Slide 12: Remaining Performance Obligations
Second Quarter 2020 Financial Results Remaining Performance Obligations Diverse RPOs of $4.59 billion By Segment ($ Millions) (Unaudited) By Market Sector ($ Millions) (Unaudited) $5,000 $5,000 $5,000 $5,000 $4,591 $4,591 $4,226 $4,226 $4,036 $4,036 $4,000 $4,000 $4,000 $4,000 $3,000 $3,000 $3,000
Slide 13: 2020 Outlook
Second Quarter 2020 Financial Results 2020 Outlook First Priority - Continue to focus on employee health and safety Expect construction and service operations to remain essential services ‒ Strong RPO position: Winning new work Building Services small project work recovering Industrial Servi
Slide 14: 2020 Revised Guidance
Second Quarter 2020 Financial Results 2020 Revised Guidance Assuming the impact of the COVID-19 pandemic does not worsen; no major disruptions (i.e. stay-at-home orders or closures) or bankruptcies Revenues $8.6 Billion ̶ $8.7 Billion Non-GAAP Diluted EPS * $5.00 ̶ $5.50 * Excludes $232.8 million
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