Company: EME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000105634-25-000046
Chunk: 62

Company: EMCOR Group, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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 exchanger sales.

34

Our United Kingdom building services segment revenues were $134.6 million and $239.9 million for the three and six months ended June 30, 2025, respectively, compared to revenues of $106.6 million and $211.3 million for the three and six months ended June 30, 2024, respectively. The increase in this segment’s revenues for both 2025 periods was due to: (a) greater service revenues, partially as a result of the recent award of a facilities maintenance contract by a new customer, and (b) increased project work, largely within the manufacturing and industrial and network and communications market sectors. Revenues of this segment for the three and six months ended June 30, 2025 were positively impacted by $7.4 million and $6.8 million, respectively, given favorable exchange rate movements for the British pound versus the United States dollar.

Cost of sales and gross profit

The following table presents our cost of sales, gross profit (revenues less cost of sales), and gross profit as a percentage of revenues (“gross profit margin”) (in thousands, except for percentages): 

 For the three months endedJune 30,For the six months endedJune 30, 2025202420252024Cost of sales$3,470,629 $2,982,896 $6,615,283 $5,825,863 Gross profit$833,771 $684,001 $1,556,489 $1,273,310 Gross profit margin19.4 %18.7 %19.0 %17.9 %

Our gross profit for the three months ended June 30, 2025 was $833.8 million, or 19.4% of revenues, compared to gross profit of $684.0 million, or 18.7% of revenues, for the three months ended June 30, 2024. Gross profit for the six months ended June 30, 2025 was $1,556.5 million, or 19.0% of revenues, compared to gross profit of $1,273.3 million, or 17.9% of revenues, for the six months ended June 30, 2024. The year-over-year increases in gross profit and the expansion in gross profit margin were driven by both of our United States construction segments, as well as