EMCOR Group (EME) Delivers Record Q3 – So Why Are Shares Crashing?
EMCOR’s Oct 30 report painted an overwhelmingly positive picture: “We had an outstanding third quarter,” CEO Tony Guzzi told analysts businesswire.com, noting 16.4% revenue growth and an all-time high backlog. Net income was $295.4M (diluted EPS $6.57) businesswire.com, well above