Company: EME
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000105634-25-000015
Chunk: 108

Company: EMCOR Group, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 108
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114,817 $3,120,134 $2,754,953 2024% ofTotal2023% ofTotal2022% ofTotalUnited States industrial services:Field services$1,113,613 87 %$991,466 85 %$972,894 87 %Shop services163,577 13 %176,324 15 %145,873 13 %Total segment revenues$1,277,190 $1,167,790 $1,118,767 Total United States operations$14,140,591 $12,146,450 $10,599,042 2024% ofTotal2023% ofTotal2022% ofTotalUnited Kingdom building services:Service work$199,658 47 %$210,414 48 %$221,123 46 %Project work225,867 53 %226,009 52 %255,955 54 %Total segment revenues$425,525 $436,423 $477,078 Consolidated revenues$14,566,116 $12,582,873 $11,076,120 

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Table of ContentsEMCOR Group, Inc. and SubsidiariesNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 3 - REVENUE FROM CONTRACTS WITH CUSTOMERS (Continued)Contract Assets and Contract Liabilities The timing of revenue recognition may differ from the timing of invoicing to customers. Contract assets include unbilled amounts from our construction projects when revenues recognized under the cost-to-cost measure of progress exceed the amounts invoiced to our customers, as the amounts are not yet billable under the terms of our contracts. Such amounts are recoverable from our customers based upon various measures of performance, including achievement of certain milestones, completion of specified units, or completion of a contract. In addition, many of our time and materials arrangements, as well as our contracts to perform turnaround services within the United States industrial services segment, are billed in arrears pursuant to contract terms that are standard within the industry, resulting in contract assets and/or unbilled receivables being recorded as revenue is recognized in advance of billings. Also included in contract assets are amounts we seek or will seek to collect from customers or others for errors or changes in contract specifications or design, contract change orders or modifications in dispute or unapproved as to scope and/or price, or other customer-related