Emcor (EME) FY2024 10-K Annual Report
Emcor (EME) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 26, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Emcor FY2024 10-K Analysis
Business Overview
- • Core business model: Facilities services and construction solutions across multiple market sectors
- • Emphasis on U.S. construction segments with improved operating performance driving margin up to 9.2% from 7.0% in prior year
Management Discussion & Analysis
- • Operating cash flow $1,407.9M in 2024 vs $899.7M in 2023, up $508.2M due to improved operating performance and customer cash receipt timing
- • Investing cash outflow increased by $138.0M in 2024 vs 2023, mainly from higher acquisition payments
Risk Factors
- • Macroeconomic risk from elevated interest rates impacting variable-rate debt and increasing interest expense, following 2022-2023 rate hikes by the Federal Reserve
- • Economic downturn risk with client project delays or cancellations in private sector work during slow growth or recessions, reducing revenue and profitability
Emcor FY2024 Key Financial MetricsXBRL
Revenue
$14.6B
▲ +15.8% YoY
Net Income
$1.0B
▲ +59.1% YoY
Gross Margin
19.0%
▲ +238bp YoY
Operating Margin
9.2%
▲ +227bp YoY
Net Margin
6.9%
▲ +188bp YoY
ROE
34.3%
▲ +865bp YoY
Total Assets
$7.7B
▲ +16.7% YoY
EPS (Diluted)
$21.52
▲ +61.7% YoY
Operating Cash Flow
$1.4B
▲ +56.5% YoY
Source: XBRL data from Emcor FY2024 10-K filing on SEC EDGAR. All figures in USD.
Other Emcor Annual Reports
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