Company: EME
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000105634-25-000015
Chunk: 115

Company: EMCOR Group, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 115
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 of diluted EPS for the years ended December 31, 2024, 2023, and 2022 because they would be anti-dilutive were 14,393, 8,700, and 4,926, respectively.

NOTE 6 - INVENTORIES

Inventories in the accompanying Consolidated Balance Sheets consisted of the following amounts as of December 31, 2024 and 2023 (in thousands):December 31, 2024December 31, 2023Raw materials and construction materials$83,935 $94,447 Work in process11,732 16,327 Inventories$95,667 $110,774 

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

NOTE 7 - PROPERTY, PLANT, AND EQUIPMENT 

Property, plant, and equipment in the accompanying Consolidated Balance Sheets consisted of the following amounts as of December 31, 2024 and 2023 (in thousands):  December 31, 2024December 31, 2023Machinery and equipment$243,354 $224,456 Vehicles83,422 76,489 Furniture and fixtures29,150 27,415 Computer hardware/software107,376 102,682 Land, buildings, and leasehold improvements162,336 142,114 Construction in progress13,059 13,514 Finance lease right-of-use assets (1)6,009 4,932  644,706 591,602 Accumulated depreciation and amortization(437,217)(412,224) $207,489 $179,378 ____________________________________________  (1)Finance lease right-of-use assets are recorded net of accumulated amortization.

Depreciation and amortization expense related to property, plant, and equipment, including finance leases, was $56.7 million, $51.8 million, and $47.3 million for the years ended December 31, 2024, 2023, and 2022, respectively. 

NOTE 8 - GOODWILL, IDENTIFIABLE INTANGIBLE ASSETS, AND OTHER LONG-LIVED ASSETS    

Goodwill In connection with our acquisition of businesses, we have recorded goodwill, which represents the excess of the consideration transferred over the fair value of the net tangible and identifiable intangible assets acquired. Our goodwill