Company: EME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000105634-25-000078
Chunk: 16

Company: EMCOR Group, Inc.
Filing Date: 2025-10-30
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)September 30,2025December 31,2024ASSETSCurrent assets:Cash and cash equivalents$655,104 $1,339,550 Accounts receivable, less allowance for credit losses of $21,913 and $34,957, respectively4,104,811 3,577,537 Contract assets313,910 284,791 Inventories105,408 95,667 Prepaid expenses and other117,426 91,644 Assets held for sale161,164 — Total current assets5,457,823 5,389,189 Property, plant, and equipment, net235,467 207,489 Operating lease right-of-use assets397,473 316,128 Goodwill1,359,323 1,018,415 Identifiable intangible assets, net1,056,913 648,180 Other assets133,271 137,072 Total assets$8,640,270 $7,716,473 LIABILITIES AND EQUITYCurrent liabilities:Accounts payable$1,039,829 $937,087 Contract liabilities2,144,210 2,047,540 Accrued payroll and benefits885,120 751,434 Other accrued expenses and liabilities277,681 336,555 Operating lease liabilities, current95,844 81,247 Liabilities held for sale136,765 — Total current liabilities4,579,449 4,153,863 Operating lease liabilities, long-term328,776 261,575 Other long-term obligations395,532 362,341 Total liabilities5,303,757 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, 61,245,536 and 61,186,088 shares issued, respectively612 612 Capital surplus100,232 97,475 Accumulated other comprehensive loss(71,544)(85,527)Retained earnings5,