News Release
R. Kevin Matz
Executive Vice President
Shared Services
(203) 849-7938
FTI Consulting, Inc.
Investors: Jamie Baird
(212) 850-5600
LAK Public Relations, Inc.
Media: Lisa Linden / David Simpson
(212) 575-4545

 - Record Quarterly Revenues of $2.05 Billion, 8.5% Increase Year-over-Year -
 - Record Quarterly Diluted EPS from Cont. Operations of $1.36, 24.8% Increase Year-over-Year -
 - Increases Full-Year Revenue Guidance and Diluted EPS Guidance Range -
 - Board Authorizes an Additional $200 Million Share Repurchase Program -

NORWALK, CONNECTICUT, October 25, 2018 - EMCOR Group, Inc. (NYSE: EME) today reported results for the third quarter ended September 30, 2018.

For the third quarter of 2018, net income from continuing operations attributable to EMCOR was $79.9 million, or $1.36 per diluted share, compared to $64.8 million, or $1.09 per diluted share, for the third quarter of 2017. Revenues for the third quarter of 2018 totaled $2.05 billion, an increase of 8.5%, compared to $1.89 billion for the third quarter 2017.

Operating income for the third quarter of 2018 was $111.8 million, or 5.5% of revenues, compared to $106.0 million, or 5.6% of revenues, in the prior year period.

Selling, general and administrative expenses for the third quarter of 2018 totaled $197.3 million, or 9.6% of revenues, compared to $189.0 million, or 10.0% of revenues, in the year ago period.

The Company's income tax rate in the third quarter of 2018 was 27.1%, compared to an income tax rate of 37.3% in the year ago period.

Remaining performance obligations as of September 30, 2018 were $3.97 billion, compared to $3.67 billion at June 30, 2018. Domestic remaining performance obligations increased $300.1 million from the second quarter of 2018, while remaining performance obligations in the U.K. Building Services segment fell $3.6 million.

 – MORE –

The following information was filed by Emcor Group Inc (EME) on Thursday, October 25, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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