EMCOR Group (EME) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased relative to the prior quarter and the same period a year earlier. Demand remained strong across most market sectors, and all reportable segments contributed to the growth.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter increased relative to the prior quarter and the same period a year earlier. Demand remained strong across most market sectors, and all reportable segments contributed to the growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.7B
Revenue reported for this quarter.
Quarter-over-quarter
+6.8%
Change from the immediately preceding quarter.
Year-over-year
+20.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.7B
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 |
|---|---|---|
| Sep 30, 2023 | $3.2B | +13.5% |
| Dec 31, 2023 | $3.4B | +16.6% |
| Mar 31, 2024 | $3.4B | +18.7% |
| Jun 30, 2024 | $3.7B | +20.4% |
Revenue performance
Revenue growth was driven by robust demand and included contributions from recent acquisitions. The company's operating income also improved alongside the revenue expansion.
Quarterly comparison
Revenue was higher than the immediately preceding quarter and also higher than the same quarter one year ago. This sequential and year-over-year growth reflects sustained business momentum.
What to watch
Continued monitoring of skilled labor availability and supply chain disruptions is warranted, as these factors are highlighted in the company's risk discussion.