Company: EME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000105634-25-000078
Chunk: 92

Company: EMCOR Group, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 92
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 industrial services:Field services$804,630 87 %$837,224 87 %Shop services122,358 13 %127,286 13 %Total segment revenues$926,988 $964,510 Total United States operations$12,097,248 $10,478,493 For the nine months ended September 30,2025% ofTotal2024% ofTotalUnited Kingdom building services:Service work$189,394 50 %$150,534 47 %Project work186,659 50 %167,070 53 %Total segment revenues$376,053 $317,604 Consolidated revenues$12,473,301 $10,796,097 Accounts Receivable and Allowance for Credit Losses Accounts receivable are recognized in the period we deliver goods and services to our customers or when our right to consideration is unconditional. The Company maintains an allowance for credit losses to reduce outstanding receivables to their net realizable value. Judgment is required when determining expected credit losses. Estimates of such losses are recorded when we believe a customer, or group of customers, may not be able to meet their financial obligations due to deterioration in financial condition or credit rating. Factors relevant to our assessment include our prior collection history with our customers, the related aging of past due balances, projections of credit losses based on historical trends in credit quality indicators or past events, and forecasts of future economic conditions. In addition to monitoring delinquent accounts, management reviews the credit quality of its receivables by, among other things, obtaining credit ratings of significant customers, assessing economic and market conditions, and evaluating material changes to a customer’s business, cash flows, and financial condition.At September 30, 2025 and December 31, 2024, our allowance for credit losses was $21.9 million and $35.0 million, respectively. Allowances for credit losses are based on the best facts available and are reassessed and adjusted on a regular basis as additional information is received. Should anticipated collections fail to materialize, or if future economic conditions compare unfavorably to our forecasts, we could experience an increase in our credit losses. The change in the allowance for credit losses for the nine months ended September 30, 2025 was as follows (in thousands):Balance at December 31, 2024$34,957 Provision for credit losses5,402 Amounts written off against the allowance,