BUZZ-Emcor rises on upbeat 2025 revenue forecast, additional buyback authorization
ReutersFeb 26, 2025 6:20 PM
Shares of construction and engineering firm Emcor Group EME.N up 7.5% at $427.80
Company forecasts 2025 revenue to be between $16.1 billion and $16.9 billion, above analysts' estimate of $15.79 billion, according to data compiled by LSEG
EME's U.S. mechanical construction segment benefited from investments in building information modeling, prefabrication, and digital tools, while U.S. electrical construction segment had strong demand in the data center market
EME authorizes additional $500 million share repurchase under its existing program
Company expects 2025 EPS in the range of $22.25 to $24.00 vs analysts' expectation of $22.89
Posts fouth-quarter revenue of $3.77 billion and EPS of $6.32
Stock gained 110.7% in 2024, but is down 5.97% YTD
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