EMCOR Group — Feb 26, 2025 release

REPORTS FOURTH QUARTER AND FULL-YEAR 2024 RESULTS   Record Quarterly and Full-Year Revenues of $3.77 billion and $14.57 billion, respectively Record Quarterly and Full-Year Diluted EPS of $6.32 and $21.52, respectively Record Remaining Performance Obligations of $10.10 billion, 14.2% Increase Year-over-Year 2025 Revenues and Diluted EPS Guidance of $16.1 billion - $16.9 billion and $22.25 - $24.00 Increases Share Repurchase Program $500 Million NORWALK, CONNECTICUT, February 26, 2025 - EMCOR Group, Inc. (NYSE: EME) today reported results for the fourth quarter and year ended December 31, 2024. Fourth Quarter 2024 Results of Operations For the fourth quarter of 2024, revenues totaled $3.77 billion, an increase of 9.6%, compared to $3.44 billion for the fourth quarter of 2023. Net income for the fourth quarter of 2024 was $292.2 million, or $6.32 per diluted share, compared to net income of $211.5 million, or $4.47 per diluted share, for the fourth quarter of 2023. Operating income for the fourth quarter of 2024 was $388.6 million, or 10.3% of revenues, compared to operating income of $289.2 million, or 8.4% of revenues, for the fourth quarter of 2023. Operating income included depreciation and amortization expense (inclusive of amortization of identifiable intangible assets) of $35.3 million and $31.2 million for the fourth quarter of 2024 and 2023, respectively. Selling, general and administrative expenses (“SG&A”) for the fourth quarter of 2024 totaled $368.5 million, or 9.8% of revenues, compared to $328.5 million, or 9.6% of revenues, for the fourth quarter of 2023. The Company's income tax rate for the fourth quarter