EMCOR Group (EME) Revenue — Quarter Ended Sep 30, 2024
Revenue increased in the current quarter. The company attributed the growth to strong demand across most market sectors and contributions from acquisitions.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased in the current quarter. The company attributed the growth to strong demand across most market sectors and contributions from acquisitions.
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
+0.8%
Change from the immediately preceding quarter.
Year-over-year
+15.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.2B
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 |
|---|---|---|
| Dec 31, 2023 | $3.4B | +16.6% |
| Mar 31, 2024 | $3.4B | +18.7% |
| Jun 30, 2024 | $3.7B | +20.4% |
| Sep 30, 2024 | $3.7B | +15.3% |
Revenue performance
Revenue rose compared to both the immediately preceding quarter and the same quarter one year earlier. The year-over-year increase was supported by broad-based segment growth and acquisition activity.
Quarterly comparison
Compared to the prior quarter, revenue showed a modest sequential improvement. On a year-over-year basis, revenue was substantially higher than the same period last year.
What to watch
The filing notes risks including skilled labor scarcity, supply chain disruptions, and inflationary pressures that could affect future performance.