Company: EME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000105634-25-000046
Chunk: 98

Company: EMCOR Group, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 98
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 six months endedJune 30, 20252024Numerator:Net income$542,837 $444,721 Denominator:Weighted average shares outstanding used to compute basic earnings per common share45,227,690 47,053,768 Effect of dilutive securities—Share-based awards153,054 182,970 Shares used to compute diluted earnings per common share45,380,744 47,236,738 Basic earnings per common share$12.00 $9.45 Diluted earnings per common share$11.96 $9.41 The number of share-based awards excluded from the computation of diluted EPS for both the three and six months ended June 30, 2025 because they would be anti-dilutive were 3,635. The number of share-based awards excluded from the computation of diluted EPS for the three and six months ended June 30, 2024 because they would be anti-dilutive were 5,200 and 9,399, respectively.

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Table of ContentsEMCOR Group, Inc. and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)

NOTE 6 - Inventories

Inventories in the accompanying Consolidated Balance Sheets consisted of the following amounts as of June 30, 2025 and December 31, 2024 (in thousands):June 30,2025December 31,2024Raw materials and construction materials$100,369 $83,935 Work in process7,788 11,732 Inventories$108,157 $95,667 

NOTE 7 - Debt

Debt in the accompanying Consolidated Balance Sheets consisted of the following amounts as of June 30, 2025 and December 31, 2024 (in thousands):June 30,2025December 31,2024Revolving credit facility$250,000 $— Finance lease liabilities6,386 6,095 Total debt$256,386 $6,095 Credit Agreement        We have a credit agreement dated December 20, 2023 (the “2023 Credit Agreement”), which provides for a $1.3 billion revolving credit facility (the “2023 Revolving Credit Facility”) expiring December 20, 2028. If additional lenders are identified and/or existing lenders are willing to increase their current commitments, we may increase the 2023 Revolving