Company: EME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000105634-25-000078
Chunk: 40

Company: EMCOR Group, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 40
---
 expected to close by the end of 2025, subject to U.K. regulatory approval. In connection with this pending sale, we determined that certain assets and liabilities met the criteria for classification as held for sale. The fair value of these net assets, less the costs to sell, exceed the carrying value and therefore, no loss was recognized during the nine months ended September 30, 2025.The following table summarizes the major classes of assets and liabilities that have been classified as held for sale in the Consolidated Balance Sheet as of September 30, 2025 (in thousands):Assets:Accounts receivable$85,978 Contract assets21,988 Prepaid expenses and other6,966 Property, plant, and equipment14,330 Operating lease right-of-use assets3,115 Other assets28,787 Assets held for sale$161,164 Liabilities:Accounts payable$23,406 Contract liabilities34,341 Accrued payroll and benefits12,472 Other accrued expenses and liabilities50,477 Operating lease liabilities, current1,103 Operating lease liabilities, long-term2,445 Other long-term obligations12,521 Liabilities held for sale$136,765 

NOTE 5 - Earnings Per Share

Calculation of Basic and Diluted Earnings per Common ShareThe following tables summarize our calculation of Basic and Diluted Earnings per Common Share (“EPS”) for the three and nine months ended September 30, 2025 and 2024 (in thousands, except share and per share data): For the three months endedSeptember 30, 20252024Numerator:Net income$295,373 $270,263 Denominator:Weighted average shares outstanding used to compute basic earnings per common share44,794,790 46,394,857 Effect of dilutive securities—Share-based awards173,518 193,903 Shares used to compute diluted earnings per common share44,968,308 46,588,760 Basic earnings per common share$6.59 $5.83 Diluted earnings per common share$6.57 $5.80 

19

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

NOTE 5 - Earnings Per Share (Continued)For the nine months endedSeptember 30, 20252024Numerator:Net income$838