EMCOR Group — Oct 31, 2024 release

REPORTS THIRD QUARTER 2024 RESULTS   Record Quarterly Revenues of $3.70 billion, 15.3% Increase Year-over-Year Record Quarterly Diluted EPS of $5.80, 62.5% Increase Year-over-Year Record Remaining Performance Obligations of $9.79 billion, 13.4% Increase Year-over-Year 2024 Revenue Guidance of at least $14.5 billion (previously $14.5 billion - $15.0 billion) 2024 Diluted EPS Guidance Range Increased to $20.50 - $21.00 (previously $19.00 - $20.00) NORWALK, CONNECTICUT, October 31, 2024 - EMCOR Group, Inc. (NYSE: EME) today reported results for the quarter ended September 30, 2024. Third Quarter 2024 Results of Operations For the third quarter of 2024, revenues totaled $3.70 billion, up 15.3% from the third quarter of 2023. Net income for the third quarter of 2024 was $270.3 million, or $5.80 per diluted share, compared to net income of $169.4 million, or $3.57 per diluted share, for the third quarter of 2023. Net income for the third quarter of 2023 included a long-lived asset impairment charge of $2.4 million, or $1.7 million net of tax. Excluding this impairment charge, non-GAAP net income for the third quarter of 2023 was $171.1 million, or $3.61 per diluted share. Operating income for the third quarter of 2024 was $363.5 million, or 9.8% of revenues, compared to operating income of $235.0 million, or 7.3% of revenues, for the third quarter of 2023. Excluding the previously referenced impairment charge, non-GAAP operating income for the third quarter of 2023 was $237.3 million, or 7.4% of r