Company: EME
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000105634-25-000029
Chunk: 17

Company: EMCOR Group, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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061 Treasury stock, at cost 15,907,692 and 15,375,963 shares, respectively(2,071,628)(1,852,964)Total EMCOR Group, Inc. stockholders’ equity2,949,957 2,937,657 Noncontrolling interests1,971 1,037 Total equity2,951,928 2,938,694 Total liabilities and equity$8,078,872 $7,716,473 

See Notes to Consolidated Financial Statements.

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Table of ContentsEMCOR Group, Inc. and SubsidiariesCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except per share data)(Unaudited)

Three months endedMarch 31,20252024Revenues$3,867,372 $3,432,276 Cost of sales3,144,654 2,842,967 Gross profit722,718 589,309 Selling, general and administrative expenses403,962 329,356 Operating income318,756 259,953 Net periodic pension income54 222 Interest income, net5,387 7,541 Income before income taxes324,197 267,716 Income tax provision83,520 70,567 Net income$240,677 $197,149 Basic earnings per common share$5.27 $4.18 Diluted earnings per common share$5.26 $4.17 Dividends declared per common share$0.25 $0.18 

See Notes to Consolidated Financial Statements.

2

Table of Contents

EMCOR Group, Inc. and Subsidiaries

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands)(Unaudited)        

Three months endedMarch 31,20252024Net income$240,677 $197,149 Other comprehensive income (loss), net of tax:Foreign currency translation adjustments5,342 (1,216)Post-retirement plans, amortization of actuarial loss included in net income (1)477 484 Other comprehensive income (loss)5,819 (732)Comprehensive income$246,496 $196,417 

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(1)Net of tax of $0.2 million for each of the three months ended March 31, 2025 and 202