NORWALK, CONNECTICUT, June 2, 2010 - EMCOR Group, Inc. (NYSE: EME), a Fortune 500® leader in mechanical and electrical construction, energy infrastructure and facilities services for a diverse range of businesses announced that, as previously reported during its April 2010, First Quarter 2010 Earnings Call, its Heritage Mechanical Services, Inc. subsidiary has been awarded a contract for the installation of storm water pumps at LaGuardia International Airport in Flushing, New York. LaGuardia is one of New York's two major airports and one of the busiest airports in the U.S.
Heritage Mechanical Services will be the prime contractor for this project. It will be responsible for all aspects of work related to the replacement of two existing high capacity storm water pumps that have been in service for 40 years within a system of pump houses, pumping storm water that collects within the airport area during major rain storms, into nearby Bowery Bay. The replacement pumps will be high horsepower, high voltage submersible pumps, each capable of pumping 33,000 gallons per minute.
"We always say that 'EMCOR touches millions of lives every day', but a project like this for New York's LaGuardia Airport really brings that statement to life and into focus, commented Jeff Porrello, President and CEO of Heritage Mechanical. "I believe we can all appreciate the importance of water removal from an airport area during times of heavy downpour from a safety and an on-time departure standpoint. Heritage is very pleased to have been chosen to work on such a critical project.
A Fortune 500 company with estimated 2010 revenues of $5.0 billion, EMCOR Group, Inc. (NYSE: EME) is a global leader in mechanical and electrical construction, energy infrastructure, and facilities services. A leading provider of critical infrastructure systems, EMCOR gives life to new structures and sustains life in existing ones by its planning, installing, operating, maintaining, and protecting the sophisticated and dynamic systems that create facility environments--such as electrical, mechanical, lighting, air conditioning, heating, security, fire protection, and power generation systems--in virtually every sector of the economy and for a diverse range of businesses, organizations and government. EMCOR represents a rare combination of broad reach with local execution, combining the strength of an industry leader with the knowledge and care of 170 locations. The 25,000 skilled employees of EMCOR have made the company, in the eyes of leading business publications, amongst the "World's Most Admired" and "Best Managed". EMCOR's diversity---in terms of the services it provides, the industries it serves and the geography it spans---has enabled it to create a stable platform for sustained results. The Company's strong financial position has enabled it to attract and retain among the best local and regional talent, to undertake and complete the most ambitious projects, and to redefine and shape the future of the construction and facilities services industry.
This release may contain certain forward-looking statements within the meaning of the Private Securities Reform Act of 1995. Any such comments are based upon information available to EMCOR management and its perception thereof, as of this date, and EMCOR assumes no obligation to update any such forward-looking statements. These forward-looking statements may include statements regarding market opportunities, market share growth, gross profit, backlog mix, projects with varying profit margins, and selling, general and administrative expenses. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Accordingly these statements are no guarantee of future performance. Such risk and uncertainties include, but are not limited to, adverse effects of general economic conditions, changes in the political environment, changes in the specific markets for EMCOR's services, adverse business conditions, availability of adequate levels of surety bonding, increased competition, unfavorable labor productivity and mix of business. Certain of the risks and factors associated with EMCOR's business are also discussed in the Company's 2009 Form 10-K, and in other reports filed from time to time with the Securities and Exchange Commission. All these risks and factors should be taken into account in evaluating any forward-looking statements.
CONTACT:
Mava Heffler
Vice President, Marketing & Communications
203-849-7814
Linden Alschuler & Kaplan, Inc.
Media: Suzanne Dawson/Cecile Fradkin
212-575-4545
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