EMCOR GAAP EPS of $2.32 beats by $0.49, revenue of $2.89B beats by $20M
- EMCOR press release (NYSE:EME): Q1 GAAP EPS of $2.32 beats by $0.49.
- Revenue of $2.89B (+11.6% Y/Y) beats by $20M.
Operating income for the first quarter of 2023 was $154.9 million, or 5.4% of revenues, compared to $100.0 million, or 3.9% of revenues, for the first quarter of 2022.
Selling, general and administrative expenses for the first quarter of 2023 totaled $281.2 million, or 9.7% of revenues, compared to $252.6 million, or 9.7% of revenues, for the first quarter of 2022.
Record Remaining Performance Obligations of $7.87 billion, 32.3% Increase Year-over-Year.
Increases 2023 Diluted EPS Guidance Range to $9.25 - $10.00 from $8.75 - $9.50 vs $9.20 Consensus.
