Company: EME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000105634-25-000046
Chunk: 91

Company: EMCOR Group, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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United States industrial services:Field services$559,597 87 %$585,672 86 %Shop services80,477 13 %92,428 14 %Total segment revenues$640,074 $678,100 Total United States operations$7,931,907 $6,887,919 For the six months ended June 30,2025% ofTotal2024% ofTotalUnited Kingdom building services:Service work$117,692 49 %$101,004 48 %Project work122,173 51 %110,250 52 %Total segment revenues$239,865 $211,254 Consolidated revenues$8,171,772 $7,099,173 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 June 30, 2025 and December 31, 2024, our allowance for credit losses was $27.5 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 six months ended June 30, 2025 was as follows (in thousands):Balance at December 31, 2024$34,957 Provision for credit losses9,029 Amounts written off against the