Emcor raises FY24 EPS view $15.50-$16.50 from $14.00-$15.00, consensus $14.49

Raises FY24 revenue view to $14B-$14.5B from $13.5B-$14B, consensus $13.71B. Guzzi concluded, “We feel confident in raising our guidance and believe we have the right strategy being implemented by a team that can execute very well against the available market opportunities. We will continue to be balanced capital allocators, as evidenced by our year-to-date actions, including four recently disclosed acquisitions, share repurchases, and our increased dividend. Our priority is always to deploy capital to organic growth first, and then expand our capacity and capability through acquisitions to better serve our customers and increase value for our shareholders.”