EMCOR Group Inc.'s Corporate-Wide Dedication to Safety Results in Continued Significant Accident Reduction in 2006
– 15.6% Reduction in Recordable Accidents in 2006 over 2005 –
– 36.5% Reduction Since 2003 in Recordable Accidents Despite Increase of 13.5% in Labor Hours Worked –
NORWALK, CONNECTICUT, February 1, 2007 - Underscoring its continued commitment to safety and its objective of zero employee workplace accidents, EMCOR Group, Inc. (NYSE: EME), a Fortune 500® leader in mechanical and electrical construction, energy infrastructure and facilities services announced a 15.4% reduction in recordable accidents in 2006, helping the Company to achieve a 36.5% reduction in recordable accidents since 2003. This has been accomplished in the face of the Company’s increase in labor hours. During 2006, EMCOR companies worked more than 59 million hours, an increase of approximately 7% over 2005, while experiencing a decline in accidents to levels below those recorded in 1999, when the Company worked only 24 million labor hours. Click to view chart.
“While we’re extremely proud of our safety record and continued improvement in reducing the number of accidents across the entire Company --- resulting in increased productivity, higher morale and a better working environment for all our employees---it is not enough, nor will we be satisfied, until we achieve our goal of zero accidents,” said Frank T. MacInnis, Chairman and CEO of EMCOR Group. “While our incident rate is one of the lowest in our industry, as tracked by the U.S. Department of Labor, EMCOR is unwavering in its belief that every employee should return safely home to their families and friends at the end of each workday. Therefore, constant improvement in safety will remain a key focus and passion for us in 2007.”
As another key strategy to achieve zero accidents, EMCOR is launching a significant cross-Company campaign, "Be There For Life," designed to educate employees and their families about the importance of safety. Comprised of workplace posters, displays in operating company newsletters, mailings, and a number of other creative tactics designed to reach employees and their families, the “Be There For Life” campaign is another example of EMCOR’s drive to create an industry-leading safe workplace. Click to view poster. Coinciding with the 2007 roll-out of this campaign and as part of its continuing education of employees in support its goal of zero accidents, EMCOR will be conducting regional "Target Zero" safety conferences, bringing together industry experts from its operating companies and partners to share information and successful strategies.
“Every day an EMCOR operating company prevents accidents by implementing the principles of our Zero Accident Program (ZAP),” said Dave Copley, Vice President, Safety and Quality Management for EMCOR Construction and Facilities Services. “The result is that every month approximately half of our companies work without a recordable accident. We take great pride in this success.”
EMCOR’s commitment to safety is part of a multi-tiered, integrated approach that includes improving quality and productivity. Through its Safety and Quality Management (SQM) Department, EMCOR has launched a zero accident program covering its 70 subsidiary companies and their 26,000 employees that utilizes the combined strategies of Visitation, Communication and Education. The program involves: visits by SQM professionals targeting all levels of the organization and focusing on safety compliance and performance, including top field management, administration, field supervision and labor. Augmenting the program is the “EMCOR” Productivity Plus Road Show”, an innovative, in-field program developed in concert with EMCOR’s insurance provider. To date, the Road Show has visited over 60 EMCOR subsidiaries and has had a dramatic effect on safety performance. The intent of the Road Show is to educate EMCOR employees on the affects of the aging workforce (making it a more accident-susceptible population) and how to change the way they work in order to reduce risk, increase productivity and eliminate accidents.
About EMCOR Group, Inc.
A Fortune 500 company with over $4.7 billion in annual revenues, EMCOR Group, Inc. (NYSE: EME) is a global leader in mechanical and electrical construction, energy infrastructure, and facilities services. EMCOR gives life to new structures and sustains life in existing ones by its planning, installing, operating and maintaining the sophisticated and dynamic systems that create facility environments---such as electrical, mechanical, lighting, air conditioning, heating, security and power generation systems---in virtually every sector of the economy and for a diverse range of businesses around the world. EMCOR represents a rare combination of global reach with local execution, combining the strength of an industry leader with the knowledge and care of 140 locations worldwide. The 26,000 skilled employees of EMCOR have made the company, in the eyes of leading business publications, amongst America’s “Most Admired” and “Best Performing.” 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’s 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, project 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, mix of business, and risks associated with foreign operations. Certain of the risks and factors associated with EMCOR’s business are also discussed in the Company’s 2005 Form 10-K, its Forms 10-Qs 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
EMCOR Group Inc.
203-849-7814
Media:
Linden Alschuler & Kaplan, Inc.
Josh Epstein
212-575-4545
