Emcor Group Inc (EME) 10-Q Quarterly Report October 2018



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 SECOND QUARTER 2018 RESULTS

- Record Second Quarter Revenues of $1.95 Billion, 3.1% Increase Year-over-Year -

- Record Second Quarter Diluted EPS from Cont. Operations of $1.21, 27.4% Increase Year-over-Year -

- Increases Full-Year Revenue Guidance and Diluted EPS Guidance Range -

NORWALK, CONNECTICUT, July 26, 2018 - EMCOR Group, Inc. (NYSE: EME) today reported results for the second quarter ended June 30, 2018.

For the second quarter of 2018, net income from continuing operations attributable to EMCOR was $71.0 million, or $1.21 per diluted share, compared to $56.8 million, or $0.95 per diluted share, for the second quarter of 2017. Excluding the impairment charge detailed below, non-GAAP net income from continuing operations attributable to EMCOR was $71.9 million, or $1.23 per diluted share, for the second quarter of 2018. Revenues for the second quarter of 2018 totaled $1.95 billion, an increase of 3.1%, compared to $1.90 billion for the second quarter 2017.

Operating income for the second quarter of 2018 was $99.7 million, or 5.1% of revenues, compared to $92.4 million, or 4.9% of revenues, in the prior year period. Included in operating income for the second quarter of 2018 was an impairment charge of $0.9 million. Excluding this impairment charge, non-GAAP operating income for the second quarter of 2018 was $100.6 million, or 5.1% of revenues.

Please see the attached tables for a reconciliation of non-GAAP operating income, non-GAAP net income from continuing operations and non-GAAP diluted earnings per share from continuing operations to the comparable GAAP figures.

Selling, general and administrative expenses for the second quarter of 2018 totaled $189.9 million, or 9.7% of revenues, compared to $181.7 million, or 9.6% of revenues, in the year ago period.

The Company's income tax rate in the second quarter of 2018 was 27.2%, compared to an income tax rate of 36.8% in the year ago period.

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The following information was filed by Emcor Group Inc (EME) on Thursday, July 26, 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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Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Emcor Group Inc provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Certification Pursuant To Section 302 By Anthony J Guzzi, Chairman, Pres And Ceo

Exhibit 31.2: Certification Pursuant To Section 302 By Mark A Pompa, Executive Vp And Cfo

Exhibit 32.1: Certification Pursuant To Section 906 By Chairman, President And Ceo

Exhibit 32.2: Certification Pursuant To Section 906 By Executive Vice President And Cfo

Exhibit 95: Info Concerning Mine Safety And Other Regulatory Matters

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