EMCOR Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 07:30 am EDT
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EMCOR Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 3,207.6 million compared to USD 2,826.36 million a year ago. Net income was USD 169.41 million compared to USD 105.77 million a year ago. Basic earnings per share from continuing operations was USD 3.59 compared to USD 2.16 a year ago. Diluted earnings per share from continuing operations was USD 3.57 compared to USD 2.16 a year ago.
For the nine months, sales was USD 9,143.65 million compared to USD 8,126.3 million a year ago. Net income was USD 421.48 million compared to USD 279.82 million a year ago. Basic earnings per share from continuing operations was USD 8.88 compared to USD 5.52 a year ago. Diluted earnings per share from continuing operations was USD 8.85 compared to USD 5.5 a year ago.
EMCOR Group, Inc. is a specialty contractor in the United States and a provider of electrical and mechanical construction and facilities services, building services and industrial services. The Company provides services to a range of commercial, technology, manufacturing, industrial, healthcare, utility and institutional customers through approximately 100 operating subsidiaries, which specialize principally in providing construction services relating to electrical and mechanical systems in all types of facilities and in providing various services relating to the operation, maintenance and management of those facilities. Such operating subsidiaries are organized into five segments: United States electrical construction and facilities services, United States mechanical construction and facilities services, United States building services, United States industrial services and United Kingdom building services. Its operating subsidiaries offer comprehensive and diverse solutions.