Emcor Group, Inc
) recently received a contract for its subsidiary Dynalectric
Company for the installation of electrical systems at the Georgia
Gwinnett College. Financial details for this contract have not
been disclosed yet.
Headquartered in Norwalk, CT, Emcor is one of the largest
electrical,and mechanical construction and facilities services
firms in the U.S. and the U.K., specializing in the design,
integration, installation, start-up, testing, operation and
maintenance of complex mechanical and electrical systems.
Since its inception in 1966, Emcor provides services to a
broad range of commercial, industrial, utility and institutional
customers through its operating subsidiaries and joint venture
Dynalectric will be responsible for installing various
electrical systems in the new Allied Health and Science Building
spanning 90,000 square feet space of the LEED (Leadership in
Energy and Environmental Design) silver certified campus. Located
in Lawrenceville, GA, this three-story building has three physics
laboratories, six biology laboratories, seven chemistry
laboratories, and one lab each for psychology, exercise science,
IT systems and digital media.
Apart from installation services, Dynalectric will also be
responsible for managing the lighting controls, fire alarm
systems, and the telecommunications systems for audio/visual and
In Dec 2012, Dynalectric received another similar contract for
the installation of electrical systems at the new Resiliency
Campus at Fort Benning, GA. With this steady inflow of new orders
Emcor reported solid results in first quarter 2013.
The company reported 1.9% year-over-year increase in revenues
to $1.57 billion with earnings of 45 cents per share, beating the
Zacks Consensus Estimate by 2.27%. The average earnings surprise
for trailing four quarters for Emcor is 10.16%. Sequential
backlog improvements, organic revenue growth and strong
profitability amid challenging market conditions are the growth
drivers for this stock. The company also has a high earnings
growth expectation of 14.05%.
With all these positives, Emcor looks promising in the long
run. Emcor currently has Zacks Rank #3 (Hold). Other sector
participants worth considering at the moment include
Primoris Services Corp
) with Zacks Rank #1 (Strong Buy) and
Orion Marine Group
Quanta Services, Inc
), each carrying Zacks Rank #2 (Buy).
EMCOR GROUP INC (EME): Free Stock Analysis
ORION MARINE GP (ORN): Free Stock Analysis
PRIMORIS SERVCS (PRIM): Free Stock Analysis
QUANTA SERVICES (PWR): Free Stock Analysis
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