Company: EME
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000105634-25-000015
Chunk: 120

Company: EMCOR Group, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 120
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)— 8,465 Contract backlog96,045 (93,460)— 2,585 Total$1,462,684 $(750,737)$(63,767)$648,180  December 31, 2023 GrossCarryingAmountAccumulatedAmortizationAccumulatedImpairmentChargeTotalCustomer relationships$807,766 $(482,594)$(4,834)$320,338 Trade names (indefinite-lived)299,271 — (58,933)240,338 Developed technology/Vendor network95,661 (78,788)— 16,873 Trade names (finite-lived)35,991 (27,800)— 8,191 Contract backlog84,845 (84,553)— 292 Total$1,323,534 $(673,735)$(63,767)$586,032 Identifiable intangible assets attributable to businesses acquired in 2024 and 2023 have been valued at $139.1 million and $59.2 million, respectively, and consist of customer relationships, trade names, and contract backlog. See Note 4 - Acquisitions of Businesses of the notes to consolidated financial statements for additional information with respect to acquisitions. Identifiable intangible assets are amortized in a manner that best approximates the pattern in which the economic benefits of such assets are consumed, which is generally on a straight-line basis. The weighted average amortization periods for the unamortized balances remaining are, in the aggregate, approximately 7.75 years, which are comprised of the following: 8.25 years for customer relationships, 4.50 years for trade names, 2.75 years for developed technology/vendor network, and 0.75 years for contract backlog. Amortization expense related to identifiable intangible assets with finite lives was $77.0 million, $67.1 million, and $61.3 million for the years ended December 31, 2024, 2023, and 2022, respectively.

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Table of ContentsEMCOR Group, Inc. and SubsidiariesNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 8 - GOODWILL, IDENTIFIABLE INTANGIBLE ASSETS, AND OTHER LONG-LIVED ASSETS (Continued) The following table presents the estimated future amortization expense of identifiable intangible assets in the following years (in thousands):  2025