Company: EME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000105634-25-000046
Chunk: 18

Company: EMCOR Group, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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(In thousands)(Unaudited)        

Three months endedJune 30,Six months endedJune 30,2025202420252024Net income$302,160 $247,572 $542,837 $444,721 Other comprehensive income (loss), net of tax:Foreign currency translation adjustments11,190 245 16,532 (971)Post-retirement plans, amortization of actuarial loss included in net income (1)506 482 983 966 Other comprehensive income (loss)11,696 727 17,515 (5)Comprehensive income$313,856 $248,299 $560,352 $444,716 

_________

(1)Net of tax of $0.2 million for each of the three months ended June 30, 2025 and 2024, and net of tax of $0.3 million for each of the six months ended June 30, 2025 and 2024.

See Notes to Consolidated Financial Statements.

3

Table of Contents

EMCOR Group, Inc. and Subsidiaries

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)(Unaudited) 

Six months endedJune 30,20252024Cash flows - operating activities:Net income$542,837 $444,721 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization32,139 27,408 Amortization of identifiable intangible assets56,452 36,412 Provision for credit losses9,029 12,251 Non-cash share-based compensation expense13,092 11,371 Other reconciling items(4,442)(5,240)Changes in operating assets and liabilities, excluding the effect of businesses acquired(346,949)(114,965)Net cash provided by operating activities302,158 411,958 Cash flows - investing activities:Payments for acquisitions of businesses, net of cash acquired(887,237)(173,265)Proceeds from sale or disposal of property, plant, and equipment2,586 1,655 Purchases of property, plant, and equipment(54,174)(39,529)Net cash used in investing activities(938,825)(211,139)Cash flows - financing activities:Proceeds from revolving credit facility525,000 — Repayments of revolving credit