Emcor Group (EME) FY2021 results: revenue $9.9 billion, up 12.6% on the year
Emcor Group, Inc. (EME) reported revenue of $9.9 billion for fiscal 2021, the year ended 31 December 2021, up 12.6% on the year before. Net income was $384 million, up 188.5%, and diluted earnings per share $7.06. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$9.9 billion
+12.6% on the year
FY2014FY2021
Operating margin
5.4%
2.9% a year earlier
FY2014FY2021
Net income
$384 million
+188.5% on the year
FY2014FY2021
Diluted EPS
$7.06
+194.2% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
319
806
356
-60.5%
Capital expenditure
36.2
48.0
48.4
-24.6%
Free cash flow
283
758
307
-62.7%
Free cash flow margin
2.9%
8.6%
3.3%
Cash from investing
-153
-94.9
-345
Cash from financing
-245
-172
-19.2
Depreciation and amortisation
48.3
46.7
43.9
+3.5%
Buybacks
196
113
0.0
+73.7%
Dividends paid
28.2
17.7
17.9
+59.3%
Dividend per share
$0.52
$0.32
$0.32
+62.5%
Diluted shares, weighted
54m
55m
57m
-1.9%
Shares outstanding at period end
53m
55m
56m
-2.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,252
2,053
2,057
+9.7%
Non-controlling interest
0.7
0.6
0.6
+21.9%
Debt
262
277
312
-5.4%
Operating lease liabilities
221
205
205
+7.5%
Finance lease liabilities
4.7
6.0
5.6
-21.0%
Other liabilities
2,701
2,523
2,250
+7.1%
Total liabilities and equity
5,441
5,064
4,830
+7.5%
Fixed assets
152
158
156
-4.0%
Goodwill
890
852
1,064
+4.5%
Intangible assets
589
583
611
+1.1%
Cash and equivalents
821
903
359
-9.0%
Receivables
2,205
1,922
2,031
+14.7%
Other assets
784
646
609
+21.4%
Total assets
5,441
5,064
4,830
+7.5%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.