Emcor Group (EME) FY2015 results: revenue $6.7 billion, up 4.6% on the year
Emcor Group, Inc. (EME) reported revenue of $6.7 billion for fiscal 2015, the year ended 31 December 2015, up 4.6% on the year before. Net income was $172 million, up 2.1%, and diluted earnings per share $2.72. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$6.7 billion
+4.6% on the year
FY2008FY2015
Operating margin
4.3%
4.5% a year earlier
FY2008FY2015
Net income
$172 million
+2.1% on the year
FY2008FY2015
Diluted EPS
$2.72
+7.9% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
6,719
6,425
6,334
+4.6%
Cost of revenue
5,774
5,518
5,512
+4.6%
Gross profit
944
907
822
+4.1%
Gross margin
14.1%
14.1%
13.0%
Selling, general and administrative
657
626
581
+4.8%
Operating income
287
290
240
-1.0%
Operating margin
4.3%
4.5%
3.8%
Interest expense
8.9
9.1
8.8
-1.6%
Pre-tax income
279
282
233
-1.0%
Income tax
106
104
82.3
+2.6%
Effective tax rate
38.1%
36.8%
35.4%
Net income
172
169
124
+2.1%
Net margin
2.6%
2.6%
2.0%
Diluted EPS
$2.72
$2.52
$1.82
+7.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
267
247
150
+8.1%
Capital expenditure
35.5
38.0
35.5
-6.8%
Free cash flow
231
209
115
+10.8%
Free cash flow margin
3.4%
3.2%
1.8%
Cash from investing
-59.8
-21.7
-483
Cash from financing
-149
-230
167
Depreciation and amortisation
36.3
36.5
36.3
-0.6%
Buybacks
104
202
26.1
-48.3%
Dividends paid
20.1
21.3
12.1
-5.6%
Dividend per share
$0.32
$0.32
$0.18
0.0%
Diluted shares, weighted
63m
67m
68m
-5.6%
Shares outstanding at period end
61m
63m
67m
-3.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,477
1,416
1,466
+4.3%
Non-controlling interest
3.3
13.4
13.4
-75.0%
Debt
315
335
355
-6.1%
Other liabilities
1,712
1,624
1,632
+5.4%
Total liabilities and equity
3,507
3,389
3,466
+3.5%
Fixed assets
122
122
123
-0.1%
Goodwill
843
834
835
+1.1%
Intangible assets
473
502
541
-5.8%
Cash and equivalents
487
432
440
+12.7%
Receivables
1,360
1,234
1,268
+10.2%
Other assets
222
264
258
-16.0%
Total assets
3,507
3,389
3,466
+3.5%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.