EMCOR reports record 2023 revenue of $12.58 billion, EPS of $13.31, raises dividend
EMCOR reported record fourth-quarter and full-year 2023 revenue and diluted earnings per share, and its board approved a quarterly dividend increase to $0.25 per share from $0.18. The company also guided 2024 revenue to $13.5 billion-$14.0 billion and diluted EPS to $14.00-$15.00, above 2023 levels.
- Q4 2023 revenue $3.44 billion, up 16.6%; Q4 diluted EPS $4.47 versus $2.63 a year earlier
- Full-year 2023 revenue $12.58 billion, up 13.6%; diluted EPS $13.31 versus $8.10 in 2022
- 2024 guidance: revenue $13.5 billion-$14.0 billion; diluted EPS $14.00-$15.00
- Dividend rises to $0.25 per share from $0.18, starting in the second quarter of 2024