Company: EME
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000105634-25-000029
Chunk: 76

Company: EMCOR Group, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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Based on an evaluation of individual projects that had revisions to total estimated costs or anticipated contract value that resulted in a reduction of profitability in excess of $1.0 million, our operating results were negatively impacted during the three months ended March 31, 2025 and 2024, as summarized in the following table (in thousands):  For the three months endedMarch 31, 20252024United States electrical construction and facilities services$7,783 $5,319 United States mechanical construction and facilities services7,307 3,653 Total impact$15,090 $8,972 Disaggregation of Revenues Our revenues are principally derived from contracts to provide construction services relating to electrical and mechanical systems, as well as to provide a number of building services and industrial services to our customers. Our contracts are with many different customers in numerous industries. The following tables provide further disaggregation of our revenues, by categories we use to evaluate our financial performance within each of our reportable segments, for the three months ended March 31, 2025 and 2024 (in thousands, except for percentages). Refer to Note 14 - Segment Information of the notes to consolidated financial statements for additional information on how we disaggregate our revenues by reportable segment. For the three months ended March 31,2025% ofTotal2024% ofTotalUnited States electrical construction and facilities services:Network and communications market sector$516,337 47 %$309,540 40 %Commercial market sector98,558 9 %93,448 12 %Manufacturing and industrial market sector98,475 9 %100,551 13 %Healthcare market sector107,736 10 %53,380 7 %High-tech manufacturing market sector45,010 4 %35,243 4 %Institutional market sector51,709 5 %38,070 5 %Transportation market sector62,028 6 %43,624 6 %Water and wastewater market sector12,759 1 %4,207 1 %Hospitality and entertainment market sector23,224 2 %21,955 3 %Short-duration projects (1)54,977 5 %51,059 7 %Service work19,137 2 %14,125 2 %1,089,950 765,202 Less intersegment revenues