Company: EME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000105634-25-000078
Chunk: 94

Company: EMCOR Group, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 94
---
30,2025December 31, 2024Contract assets, current$313,910 $284,791 Contract assets, non-current— — Contract liabilities, current(2,144,210)(2,047,540)Contract liabilities, non-current(674)(1,526)Net contract liabilities$(1,830,974)$(1,764,275)Contract assets and contract liabilities increased by approximately $33.8 million and $128.3 million, respectively, as a result of acquisitions made by us in 2025. Excluding the impact of acquisitions, net contract liabilities decreased by approximately $27.9 million during the nine months ended September 30, 2025, as we recognized revenue on a number of construction projects for which we were previously billed ahead. There was no significant impairment of contract assets recognized during the periods presented.

15

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

NOTE 3 - Revenue from Contracts with Customers (Continued)Transaction Price Allocated to Remaining Unsatisfied Performance Obligations     The following table presents the transaction price allocated to remaining unsatisfied performance obligations (“remaining performance obligations”) for each of our reportable segments and their respective percentages of total remaining performance obligations as of September 30, 2025 (in thousands, except for percentages):September 30,2025% of TotalRemaining performance obligations:United States electrical construction and facilities services$4,497,521 35 %United States mechanical construction and facilities services6,421,665 51 %United States building services1,280,681 10 %United States industrial services202,198 2 %Total United States operations12,402,065 98 %United Kingdom building services211,828 2 %Total operations$12,613,893 100 %Our remaining performance obligations at September 30, 2025 were approximately $12.61 billion. Remaining performance obligations increase with awards of new contracts and decrease as we perform work and recognize revenue on existing contracts. We include a project within our remaining performance obligations at such time the project is awarded and agreement on contract terms has been reached. Our remaining performance obligations include amounts related to contracts for which a fixed price contract value is not assigned when a reasonable estimate of the total transaction price can be made.Remaining performance obligations include unrecognized revenues to be realized from uncompleted construction contracts. Although many of our