EMCOR Group (EME) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The reported growth reflects a continuation of the upward trend observed throughout the fiscal year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The reported growth reflects a continuation of the upward trend observed throughout the fiscal year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.4B
Revenue reported for this quarter.
Quarter-over-quarter
+7.2%
Change from the immediately preceding quarter.
Year-over-year
+16.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.6B
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 |
|---|---|---|
| Mar 31, 2023 | $2.9B | +11.5% |
| Jun 30, 2023 | $3B | +12.5% |
| Sep 30, 2023 | $3.2B | +13.5% |
| Dec 31, 2023 | $3.4B | +16.6% |
Revenue performance
Revenue rose from the immediately preceding quarter, marking a sequential improvement. The year-over-year comparison also showed a higher result, extending the pattern of annual growth.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was higher, and the rate of change from the prior year was the largest among the four quarters of the fiscal year. The sequential increase from the third quarter was also positive.
What to watch
The filing context discusses liquidity management and the impact of macroeconomic trends on receivables and costs, which may influence future revenue stability.