Forward-Looking Statements and Non-GAAP Financial Disclosures
Forward Looking Statements:
This material and related presentation contain certain forward-looking statements. Any such comments speak only as of the date on the cover of this slide deck and EMCOR assumes no obligation to update any such forward-looking statements, unless required by law. These forward-looking statements may include statements regarding anticipated future operating and financial performance, the nature and impact of our remaining performance obligations, our ability to pursue acquisitions, our ability to return capital to shareholders, market opportunities, market growth, and customer trends. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated (whether expressly or implied) by the forward-looking statements. Accordingly, these statements are no guarantee of future performance. Such risks and uncertainties include, but are not limited to, adverse effects of general economic conditions, changes in the political environment, changes in the specific markets for EMCOR's services, adverse business conditions, availability of adequate levels of surety bonding, increased competition, unfavorable labor productivity, mix of business, the impact of the 2020 ransomware attack, and the impact of the COVID-19 pandemic on our revenue and operations. Certain of the risk factors associated with EMCOR's business are also discussed in Part I, Item 1A. "Risk Factors," of the Company's 2019 Form 10-K, in Part II, Item 1A. "Risk Factors," of the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2020 and in other reports filed from time to time with the Securities and Exchange Commission and available at www.sec.govand www.emcorgroup.com. Such risk factors should be taken into account in evaluating any forward-looking statements.
This material and related presentation also include certain financial measures that were not prepared in accordance with U.S. generally accepted accounting principles (GAAP). Reconciliations of those non-GAAP financial measures to the most directly comparable GAAP financial measures are included in this presentation. The Company uses these non-GAAP measures as key performance indicators for the purpose of evaluating performance internally. We also believe that these non-GAAP measures provide investors with useful information with respect to our on-going operations. Any non-GAAP financial measures presented are not, and should not be viewed as, substitutes for financial measures required by GAAP, have no standardized meaning prescribed by GAAP and may not be comparable to the calculation of similar measures of other companies.
In addition, forecast non-GAAP diluted earnings per share for full-year 2020 is a forward-lookingnon-GAAP financial measure. The Company does not provide a reconciliation of forward-lookingnon-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP on a forward-looking basis because it is unable to provide such reconciliations without unreasonable effort, due to the uncertainty and inherent difficulty of predicting the occurrence and the financial impact of items such as impairment charges that impact comparability and the periods in which such items may be recognized. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could be material to future results.
Third Quarter 2020 Financial Results
Chairman, President & Chief Executive Officer
EVP & Chief Financial Officer
SVP & General Counsel
EVP, Shared Services
Third Quarter 2020 Financial Results
2020 Qtr. 3 Executive Summary
Strong Qtr. 3 performance
Total revenues of $2.20 billion
Qtr. 3 Operating Income
‒ OI as a % of Revenue
Qtr. 3 diluted EPS:
Strong third quarter operating cash flow of $270.1 million
Total RPOs at 9/30/20 increased $495 million or 12.3% vs. 9/30/19 and $494 million or 12.2% vs. 12/31/19
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EMCOR Group Inc. published this content on 29 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2020 14:04:11 UTC