EMCOR Group (EME) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter rose compared to the same period last year, driven by continued demand for services. However, revenue declined from the immediately preceding quarter.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter rose compared to the same period last year, driven by continued demand for services. However, revenue declined from the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.9B
Revenue reported for this quarter.
Quarter-over-quarter
-2.0%
Change from the immediately preceding quarter.
Year-over-year
+11.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $2.7B | +11.1% |
| Sep 30, 2022 | $2.8B | +12.1% |
| Dec 31, 2022 | $2.9B | +11.7% |
| Mar 31, 2023 | $2.9B | +11.5% |
Revenue performance
The company reported higher revenue year over year, reflecting resilient demand despite ongoing macroeconomic uncertainties. Sequentially, revenue decreased from the prior quarter.
Quarterly comparison
Compared with the same quarter one year earlier, revenue increased. Compared with the immediately preceding quarter, revenue decreased.
What to watch
Supply chain disruptions and material delivery delays continue to pressure operations, as noted in the filing.