EMCOR Group, Inc. Reports Third Quarter 2020 Results

FREMONT, CA: EMCOR Group, execute with a high level of focus, discipline , and precision, demonstrating their ability to perform exceptionally well in any uncertain environment. As a result, the company has delivered an excellent third quarter, achieving all-time record operating income of $135.9 million, record third quarter operating margin of 6.2% and record no-GAAP diluted earnings per share of $1.76 despite a 3.8% decline in revenues year-over-year. Their initiative to fundamentally realign the cost structure combined with their disciplined working capital  management drove robust operating cash flow generation in the quarter, up 23% compared to the prior year period.

The company’s construction segments posted combined operating income growth of 34.0% and record third quarter operating margin of 9.1% expanding an outstanding 240 basis points year-over-year, as they leveraged cost structure and maintained exceptional field performance and productivity levels.

Revenues for the first nine months of 2020 totaled $6.52 billion, a decrease of 3.8%, compared to$6.77 billion for the first nine months of 2019.