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Emcor Group Inc (EME) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Emcor Group Inc

CIK: 105634 Ticker: EME

emcorlogo0918a10.jpg
 
EXHIBIT 99.1


FOR:
 
EMCOR GROUP, INC.
News Release
 
 
CONTACT:
 
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

EMCOR GROUP, INC. REPORTS THIRD QUARTER 2018 RESULTS
 
 - 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.




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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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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Cash Flows Condensed Consolidated Statements Of Cash Flows (Parenthetical)
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Comprehensive Income (Parenthetical)
Condensed Consolidated Statements Of Equity
Condensed Consolidated Statements Of Operations
Acquisitions Of Businesses
Acquisitions Of Businesses (Details)
Basis Of Presentation
Commitments And Contingencies
Commitments And Contingencies Narrative (Details)
Commitments And Contingencies Restructuring And Related Activities (Tables)
Common Stock
Common Stock (Details)
Debt
Debt (Narrative) (Details)
Debt (Schedule Of Debt) (Details)
Debt (Tables)
Disposition Of Assets
Disposition Of Assets (Narrative) (Details)
Disposition Of Assets (Tables)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Fair Value Measurements
Fair Value Measurements (Policy)
Fair Value Measurements (Schedule Of Assets And Liabilities Carried At Fair Value Measured On A Recurring Basis) (Details)
Fair Value Measurements (Tables)
Income Taxes
Income Taxes (Details)
Inventories
Inventories (Inventories) (Details)
Inventories (Tables)
New Accounting Pronouncements
Retirement Plans
Retirement Plans (Components Of Net Periodic Pension Benefit Cost) (Details)
Retirement Plans (Narrative) (Details)
Retirement Plans (Tables)
Revenue From Contracts With Customers - Schedule Of Condensed Balance Sheet And Statement Of Operations (Details)
Revenue From Contracts With Customers - Schedule Of Contract With Customer, Asset And Liability (Details)
Revenue From Contracts With Customers - Schedule Of Disaggregation Of Revenue (Details)
Revenue From Contracts With Customers - Schedule Of Revenue, Remaining Performance Obligation (Details)
Revenue From Contracts With Customers - Schedule Of Revenue. Remaining Performance Obligation, Expected Timing Of Satisfaction (Details)
Revenue From Contracts With Customers Revenue From Contracts With Customers (Details)
Revenue From Contracts With Customers Revenue From Contracts With Customers (Notes)
Revenue From Contracts With Customers Revenue From Contracts With Customers (Tables)
Schedule Of Restructuring Activities (Details)
Segment Information
Segment Information (Information About Industry Segments And Geographic Areas) (Details)
Segment Information (Tables)
Subsequent Event
Ticker: EME
CIK: 105634
Form Type: 10-Q Quarterly Report
Accession Number: 0000105634-18-000180
Submitted to the SEC: Thu Oct 25 2018 7:35:06 AM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Sunday, September 30, 2018
Industry: Electrical Work

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