NORWALK, CONNECTICUT, July 14, 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 its subsidiary EMCOR Government Services, Inc. has been awarded an operating support services contract at Naval District Washington in Washington, D.C. The contract, which is for an initial period of one year with options to extend for seven successive one-year periods, would, if extended for all option periods, have a maximum total value to EMCOR Government Services in excess of $179 million.
EMCOR Government Services (EGS) will be responsible for providing regional base operating support services at Naval District Washington, known as the "Quarterdeck of the Navy". EGS' scope of work will include, facility management, fire protection management, pest control, grounds maintenance, janitorial work, refuse collection, and snow removal. It will provide the facilities services at numerous Naval facilities within a 100-mile radius of Washington, D.C., including:
"It's our honor to be working for Naval District Washington supporting facilities that are so vital to the entire Navy---and the Country," stated Joseph Gleeson, President, EMCOR Government Services. "EGS is engineered to provide a unique alternative to traditional government contractors. We dedicate ourselves to providing the very best services on each and every project, as will continue to be the case as we perform this contract."
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.
Vice President, Marketing & Communications
Linden Alschuler & Kaplan, Inc.
Media: Suzanne Dawson/Cecile Fradkin