Company: EME
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000105634-25-000029
Chunk: 36

Company: EMCOR Group, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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in thousands, except share and per share data): For the three months endedMarch 31, 20252024Numerator:Net income$240,677 $197,149 Denominator:Weighted average shares outstanding used to compute basic earnings per common share45,634,877 47,138,185 Effect of dilutive securities—Share-based awards149,358 178,312 Shares used to compute diluted earnings per common share45,784,235 47,316,497 Basic earnings per common share$5.27 $4.18 Diluted earnings per common share$5.26 $4.17 The number of share-based awards excluded from the computation of diluted EPS for the three months ended March 31, 2025 and 2024 because they would be anti-dilutive were 21,080 and 1,095, respectively.

NOTE 6 - Inventories

Inventories in the accompanying Consolidated Balance Sheets consisted of the following amounts as of March 31, 2025 and December 31, 2024 (in thousands):March 31,2025December 31,2024Raw materials and construction materials$84,306 $83,935 Work in process9,826 11,732 Inventories$94,132 $95,667 

NOTE 7 - Debt

Debt in the accompanying Consolidated Balance Sheets consisted of the following amounts as of March 31, 2025 and December 31, 2024 (in thousands):March 31,2025December 31,2024Revolving credit facility$250,000 $— Finance lease liabilities7,014 6,095 Total debt$257,014 $6,095 

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Table of ContentsEMCOR Group, Inc. and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)

NOTE 7 - Debt (Continued)Credit Agreement        We have a credit agreement dated December 20, 2023 (the “2023 Credit Agreement”), which provides for a $1.3 billion revolving credit facility (the “2023 Revolving Credit Facility”) expiring December 20, 2028. If additional lenders are identified and/or existing lenders are willing to increase their current commitments, we may increase the 2023 Revolving Credit Facility by an amount equal to the greater of: (a) $900