Company: EME
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000105634-25-000029
Chunk: 107

Company: EMCOR Group, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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 outstanding borrowings under our revolving credit facility during the first quarter of 2025, coupled with a reduction in interest income due to a lower average rate earned on our invested cash.

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For the three months ended March 31, 2025, our income tax provision was $83.5 million compared to an income tax provision of $70.6 million for the three months ended March 31, 2024. Our effective income tax rate for the three months ended March 31, 2025 was 25.8% compared to an effective income tax rate for the three months ended March 31, 2024 of 26.4%. Refer to Note 9 - Income Taxes of the notes to consolidated financial statements for further discussion regarding our income tax provision and effective income tax rate.

Remaining Unsatisfied Performance Obligations    

The following table presents the transaction price allocated to remaining unsatisfied performance obligations (“remaining performance obligations”) for each of our reportable segments and their respective percentage of total remaining performance obligations (in thousands, except for percentages):

March 31, 2025% of TotalDecember 31, 2024% of TotalMarch 31,2024% of TotalRemaining performance obligations:United States electrical construction and facilities services$4,284,106 36 %$3,068,396 31 %$2,551,430 28 %United States mechanical construction and facilities services5,751,004 49 %5,463,096 54 %4,997,257 54 %United States building services1,289,585 11 %1,246,642 12 %1,351,585 15 %United States industrial services224,832 2 %138,599 1 %111,935 1 %Total United States operations11,549,527 98 %9,916,733 98 %9,012,207 98 %United Kingdom building services200,526 2 %185,466 2 %163,145 2 %Total operations$11,750,053 100 %$10,102,199 100 %$9,175,352 100 %

Our remaining performance obligations at March 31, 2025 were approximately $11.75 billion compared to approximately $10.10 billion at December 31, 2024 and approximately $9.18 billion at March 31, 202