EMCOR Group, Inc. Named a "Most Admired Company" In The Engineering and Construction Industry by Fortune Magazine
--EMCOR Also Recognized As One of the World’s Top Service Providers by the International Association of Outsourcing Professionals--
NORWALK, CONNECTICUT, March 27, 2007 – EMCOR Group, Inc. (NYSE: EME), a leader in mechanical and electrical construction, energy infrastructure and facilities services for a diverse range of businesses globally, has recently been recognized for its outstanding industry position and reputation.
In its annual ranking of America’s Most Admired Companies, Fortune magazine has named EMCOR one of the most admired companies” in the Engineering and Construction industry. In addition, the International Association of Outsourcing Professionals (IAOP) has named EMCOR for the second consecutive year to its Global Outsourcing 100 list, which recognizes reputation and achievement in service delivery.
“At the root of both these honors is EMCOR’s continued focus on excellent and innovative delivery and sustainability of critical services that help enable our clients to optimize their businesses. That the Company has been recognized for its performance and reputation is further gratifying,” commented Frank T. MacInnis, Chairman and CEO of EMCOR. “We are at our best when we’re addressing complex facilities construction and services challenges, and when we’re helping our clients be at their best.”
The Fortune Most Admired Company ranking has been compiled since 1983 and is based on a survey of over 600 companies in 68 industries. The magazine noted: “There is no higher praise than the respect of one’s colleagues and competitors. These companies rank at the top of their industry, as chosen by over 8,000 executives, directors, and analysts in the same business.”
The “Most Admired” survey participants rate companies based on a list of attributes: innovation, financial soundness, expert talent, quality of management, use of corporate assets, investment value, social responsibility and quality of products and services.
Now in its second year, The Global Outsourcing 100 list recognizes worldwide the best service providers, who have met the standard for excellence in outsourcing service delivery. Companies are ranked according to criteria such as size and growth, customer references, organizational competencies, and management capabilities. Compiled by IAOP, the ranking is the premier industry-wide benchmark for overall outsourcing excellence worldwide.
“The companies on this year’s Global Outsourcing 100 list represent the elite of our field,” said Michael F. Corbett, Executive Director, IAOP. “They hail from every corner of the globe and provide an extensive array of cutting-edge services. Through the program’s application and review process, they have proven themselves to be the best at what they do.”
About EMCOR Group, Inc.
A Fortune 500 company with over $5.0 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 27,000 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 2006 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.
FOR:
EMCOR GROUP, INC.
CONTACT:
Mava Heffler
Vice President, Marketing & Communications
203-849-7814
Linden Alschuler & Kaplan, Inc.
Media: Josh Epstein
212-575-4545
