Emcor Group (EME) FY2016 results: revenue $7.6 billion, up 12.4% on the year
Emcor Group, Inc. (EME) reported revenue of $7.6 billion for fiscal 2016, the year ended 31 December 2016, up 12.4% on the year before. Net income was $182 million, up 5.6%, and diluted earnings per share $2.97. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2017.
Revenue
$7.6 billion
+12.4% on the year
FY2009FY2016
Operating margin
4.1%
4.3% a year earlier
FY2009FY2016
Net income
$182 million
+5.6% on the year
FY2009FY2016
Diluted EPS
$2.97
+9.2% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
7,552
6,719
6,425
+12.4%
Cost of revenue
6,514
5,774
5,518
+12.8%
Gross profit
1,038
944
907
+9.9%
Gross margin
13.7%
14.1%
14.1%
Selling, general and administrative
727
657
626
+10.7%
Operating income
307
287
290
+6.9%
Operating margin
4.1%
4.3%
4.5%
Interest expense
12.6
8.9
9.1
+41.4%
Pre-tax income
296
279
282
+6.3%
Income tax
111
106
104
+4.7%
Effective tax rate
37.5%
38.1%
36.8%
Net income
182
172
169
+5.6%
Net margin
2.4%
2.6%
2.6%
Diluted EPS
$2.97
$2.72
$2.52
+9.2%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
262
267
247
-1.6%
Capital expenditure
39.6
35.5
38.0
+11.8%
Free cash flow
223
231
209
-3.7%
Free cash flow margin
2.9%
3.4%
3.2%
Cash from investing
-271
-59.8
-21.7
Cash from financing
-9.4
-149
-230
Depreciation and amortisation
38.9
36.3
36.5
+7.1%
Buybacks
94.2
104
202
-9.7%
Dividends paid
19.5
20.1
21.3
-3.2%
Dividend per share
$0.32
$0.32
$0.32
0.0%
Diluted shares, weighted
61m
63m
67m
-3.3%
Shares outstanding at period end
60m
61m
63m
-1.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,537
1,477
1,416
+4.1%
Non-controlling interest
0.9
3.3
13.4
-74.5%
Debt
423
315
335
+34.3%
Other liabilities
1,891
1,712
1,624
+10.5%
Total liabilities and equity
3,852
3,507
3,389
+9.9%
Fixed assets
128
122
122
+4.9%
Goodwill
980
843
834
+16.2%
Intangible assets
487
473
502
+3.1%
Cash and equivalents
465
487
432
-4.6%
Receivables
1,495
1,360
1,234
+10.0%
Other assets
297
222
264
+34.0%
Total assets
3,852
3,507
3,389
+9.9%
10-K for the year ended 31 December 2016, filed 23 February 2017: the filing.