Company: EME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000105634-25-000046
Chunk: 16

Company: EMCOR Group, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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ITEM 1. FINANCIAL STATEMENTS.

EMCOR Group, Inc. and Subsidiaries

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)

(Unaudited)June 30,2025December 31,2024ASSETSCurrent assets:Cash and cash equivalents$485,988 $1,339,550 Accounts receivable, less allowance for credit losses of $27,521 and $34,957, respectively4,114,857 3,577,537 Contract assets348,048 284,791 Inventories108,157 95,667 Prepaid expenses and other119,596 91,644 Total current assets5,176,646 5,389,189 Property, plant, and equipment, net241,947 207,489 Operating lease right-of-use assets392,987 316,128 Goodwill1,351,824 1,018,415 Identifiable intangible assets, net1,082,028 648,180 Other assets155,048 137,072 Total assets$8,400,480 $7,716,473 LIABILITIES AND EQUITYCurrent liabilities:Accounts payable$1,117,733 $937,087 Contract liabilities2,133,872 2,047,540 Accrued payroll and benefits724,298 751,434 Other accrued expenses and liabilities326,648 336,555 Operating lease liabilities, current91,987 81,247 Total current liabilities4,394,538 4,153,863 Borrowings under revolving credit facility250,000 — Operating lease liabilities, long-term328,150 261,575 Other long-term obligations374,220 362,341 Total liabilities5,346,908 4,777,779 Equity:EMCOR Group, Inc. stockholders’ equity:Preferred stock, $0.10 par value, 1,000,000 shares authorized, zero issued and outstanding— — Common stock, $0.01 par value, 200,000,000 shares authorized, 61,243,469 and 61,186,088 shares issued, respectively612 612 Capital surplus97,079 97,475 Accumulated other comprehensive loss(68,012)(85,527)Retained earnings5,298,205 4,778,