EMCOR Group, Inc. (NYSE:EME) Q3 2024 Earnings Conference Call October 31, 2024 10:30 AM ET

Company Participants

Andy Backman - Vice President-Investor Relations
Tony Guzzi - Chairman, President & Chief Executive Officer
Jason Nalbandian - Senior Vice President & Chief Financial Officer

Conference Call Participants

Brent Thielman - D.A. Davidson
Adam Thalhimer - Thompson Davis
Alex Dwyer - KeyBanc Capital Markets

Operator

Good morning. My name is Chuck, and I'll be your conference operator today. At this time, I would like to welcome everyone to the EMCOR Group Third Quarter 2024 Earnings Conference Call. [Operator Instructions]

I would now like to turn the call over to Mr. Andy Backman, Vice President of Investor Relations. Mr. Backman, you may begin.

Andy Backman

Thank you, Chuck, and good morning everyone and welcome to EMCOR's Third Quarter 2024 Earnings Conference Call. For those of you joining us by webcast, we are at the beginning of our slide presentation that will accompany our results today. The presentation will be archived in the Investor Relations section of our website at emcorgroup.com.

With me today are Tony Guzzi, our Chairman, President and Chief Executive Officer; Jason Nalbandian, Senior Vice President and EMCOR's Chief Financial Officer; and Maxine Mauricio, Executive Vice President, Chief Administrative Officer and General Counsel.

For today's call, Tony will provide comments on our third quarter. Jason will then review the third quarter numbers before turning it back to Tony to discuss RPOs, as well as reviewing our revised 2024 guidance before we open it up for Q&A.

Before we begin, as a reminder, this presentation and discussion contain certain forward-looking statements and may contain certain non-GAAP financial information. Slide two of our presentation describes in detail these forward-looking statements and the non-GAAP financial information disclosures. I encourage everyone to review both disclosures in conjunction with our discussion and accompanying slides. And finally, as a reminder, all financial information discussed during this morning's call is included in our consolidated financial statements within both our earnings press release issued this morning and in our Form 10-Q filed with the Securities and Exchange Commission.

And with that, let me turn the call over to Tony. Tony?

Tony Guzzi

Yes. Thanks much, Andy and I'll be speaking mainly just Page 4 of this opening. In the third quarter of 2024, our team continued to perform exceptionally well and delivered another great quarter. When you compare it to the third quarter of 2023, we had record revenues of $3.7 billion, which represents growth of 15.3% revenue growth. We had record operating income of $363.5 million, which was a 54.7% increase and we more than doubled our operating cash flow to $526 million.