Financials EMCOR Group, Inc.

Equities

EME

US29084Q1004

Construction & Engineering

Market Closed - Nyse Other stock markets 21:00:02 07/02/2025 GMT			5-day change	1st Jan Change
461.75 ^USD	-1.16%		+3.06%	+1.73%

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Projected Income Statement: EMCOR Group, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	9,175	8,797	9,904	11,076	12,583	14,603	15,793	16,610
Change	-	-4.12%	12.58%	11.84%	13.6%	16.05%	8.15%	5.17%
EBITDA ¹	553	596.3	643.2	673.5	997.1	1,434	1,555	1,646
Change	-	7.83%	7.88%	4.7%	48.05%	43.87%	8.43%	5.84%
EBIT ¹	460.9	489.6	530.8	564.9	878.1	1,314	1,427	1,518
Change	-	6.23%	8.42%	6.42%	55.45%	49.65%	8.58%	6.38%
Interest Paid	-11.56	-7.488	-5.122	-13.2	-1.784	-	-	-
Earnings before Tax (EBT) ¹	450.9	252.3	529.3	558.8	872.9	1,349	1,466	1,578
Change	-	-44.04%	109.77%	5.56%	56.22%	54.55%	8.7%	7.63%
Net income ¹	325.1	132.9	383.5	406.1	633	982.7	1,066	1,147
Change	-	-59.11%	188.49%	5.89%	55.86%	55.24%	8.47%	7.63%
Announcement Date	27/02/20	25/02/21	24/02/22	23/02/23	28/02/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	2,404	2,300	2,014	2,202	2,281	2,304	2,438	2,522	2,640	2,593	2,707	2,826	2,950	2,890	3,046	3,208	3,439	3,432	3,667	3,697	3,807	3,747	3,957	3,980	4,137	3,976	4,205	4,184
Change	-	-4.33%	-12.43%	9.32%	3.62%	0.99%	5.8%	3.45%	4.7%	-1.8%	4.43%	4.39%	4.37%	-2.01%	5.37%	5.32%	7.22%	-0.2%	6.84%	0.82%	2.97%	-1.57%	5.6%	0.59%	3.93%	-3.88%	5.76%	-0.49%
EBITDA ¹	148	132.6	136.2	162.9	164.6	144	161.5	166.6	171.2	127.1	163.7	177.6	205.2	183.4	225.7	267.6	320.4	289.5	367	398.3	390.5	327.1	399	418.4	424	345.1	422.1	442.2
Change	-	-10.45%	2.75%	19.57%	1.09%	-12.54%	12.14%	3.15%	2.79%	-25.77%	28.77%	8.52%	15.52%	-10.6%	23.04%	18.59%	19.72%	-9.63%	26.77%	8.52%	-1.95%	-16.25%	21.99%	4.87%	1.32%	-18.6%	22.31%	4.75%
EBIT ¹	122.9	106.1	110.1	135.9	137.6	117	133.4	137.4	143	99.96	137.6	150.1	177.2	154.9	196.7	237.3	289.2	260	332.8	363.5	357.8	295.9	364.1	380.5	392.7	318	394.7	414.7
Change	-	-13.68%	3.82%	23.38%	1.3%	-14.98%	13.98%	3.05%	4.07%	-30.11%	37.7%	9.05%	18.05%	-12.57%	26.96%	20.68%	21.85%	-10.11%	28.03%	9.23%	-1.58%	-17.31%	23.07%	4.5%	3.19%	-19%	24.1%	5.07%
Charge d'intérêts	-2.824	-2.488	-2.11	-1.484	-1.406	-1.363	-1.316	-1.286	-1.157	-1.289	-1.751	-3.194	-6.965	-1.832	-2.692	-0.09	2.83	7.541	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	120.4	104.2	-124	135.1	137	116.5	133	137	142.7	99.84	137	147.9	174	152.8	193.7	234.6	291.7	267.7	339.1	372.1	370.1	302.3	373.2	392.7	398.2	323.8	400.4	420.5
Change	-	-13.43%	-	-	1.38%	-14.92%	14.08%	3.07%	4.16%	-30.06%	37.21%	7.98%	17.63%	-12.18%	26.76%	21.12%	24.35%	-8.24%	26.68%	9.71%	-0.53%	-18.32%	23.45%	5.24%	1.4%	-18.67%	23.65%	5.01%
Net income ¹	86.92	75.66	-83.69	61.19	79.78	84.77	97.35	99.74	101.7	73.39	100.7	105.8	126.3	111.5	140.6	169.4	211.5	197.1	247.6	270.3	267.7	219.5	271	285.2	289.3	235.6	291.4	306
Change	-	-12.95%	-	-	30.39%	6.26%	14.83%	2.46%	1.93%	-27.82%	37.17%	5.07%	19.41%	-11.74%	26.12%	20.49%	24.86%	-6.79%	25.58%	9.17%	-0.94%	-18%	23.45%	5.25%	1.41%	-18.55%	23.68%	5.01%
Announcement Date	27/02/20	30/04/20	03/08/20	29/10/20	25/02/21	29/04/21	29/07/21	28/10/21	24/02/22	28/04/22	28/07/22	27/10/22	23/02/23	27/04/23	27/07/23	26/10/23	28/02/24	25/04/24	25/07/24	31/10/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: EMCOR Group, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-46.6	-626	-560	-	-784	-1,020	-1,603	-2,132
Change	-	-1,443.35%	-189.46%	-	-	-230.03%	-257.16%	-233%
Announcement Date	27/02/20	25/02/21	24/02/22	23/02/23	28/02/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: EMCOR Group, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	48.43	47.97	36.19	49.29	78.4	77.35	80.8	87.37
Change	-	-0.96%	-24.55%	36.19%	59.07%	-1.35%	4.46%	8.13%
Free Cash Flow (FCF) ¹	307.3	758.4	282.6	448.6	821.3	1,121	1,107	1,255
Change	-	146.82%	-62.73%	58.74%	83.05%	36.46%	-1.23%	13.35%
Announcement Date	27/02/20	25/02/21	24/02/22	23/02/23	28/02/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: EMCOR Group, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	6.03%	6.78%	6.49%	6.08%	7.92%	9.82%	9.85%	9.91%
EBIT Margin (%)	5.02%	5.57%	5.36%	5.1%	6.98%	9%	9.03%	9.14%
EBT Margin (%)	4.91%	2.87%	5.34%	5.04%	6.94%	9.24%	9.29%	9.5%
Net margin (%)	3.54%	1.51%	3.87%	3.67%	5.03%	6.73%	6.75%	6.91%
FCF margin (%)	3.35%	8.62%	2.85%	4.05%	6.53%	7.67%	7.01%	7.55%
FCF / Net Income (%)	94.5%	570.47%	73.69%	110.47%	129.74%	114.04%	103.84%	109.36%
Profitability
ROA	7.29%	2.69%	7.3%	-	10.43%	14.8%	14.2%	13.2%
ROE	17.12%	6.47%	17.82%	19.22%	28.49%	38.05%	32.15%	25.75%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	0.53%	0.55%	0.37%	0.45%	0.62%	0.53%	0.51%	0.53%
CAPEX / EBITDA (%)	8.76%	8.05%	5.63%	7.32%	7.86%	5.39%	5.2%	5.31%
CAPEX / FCF (%)	15.76%	6.33%	12.81%	10.99%	9.55%	6.9%	7.3%	6.96%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	0.32	0.37	0.52	0.54	0.69	0.93	0.9467	0.94
Change	-	15.62%	40.54%	3.85%	27.78%	34.78%	1.79%	-0.7%
Book Value Per Share ¹	-	-	-	-	52.5	-	-	-
Change	-	-	-	-	-	-	-	-
EPS ¹	5.75	2.4	7.06	8.1	13.31	20.99	23.06	24.8
Change	-	-58.26%	194.17%	14.73%	64.32%	57.69%	9.89%	7.55%
Nbr of stocks (in thousands)	56,153	54,931	53,374	47,655	47,044	46,002	46,002	46,002
Announcement Date	27/02/20	25/02/21	24/02/22	23/02/23	28/02/24	-	-	-