EMCOR Group, Inc. Named One Of America's Best Big Companies By Forbes Magazine
NORWALK, CONNECTICUT, January 9, 2008 - 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 globally, is proud to announce it has been named one of “America’s 400 Best Big Companies” by Forbes magazine. This is the sixth time EMCOR has been included on the annual list, published in its January 7, 2008 edition.
Companies in 26 industries were chosen for the list by the magazines’ editors and reporters based on benchmarks for financial growth rates and returns, corporate governance, accounting standards, and background checks.
“We are honored to be named one of America’s best big companies by Forbes. This designation is a true testament to the value we have created for our stockholders and to our continuing ability to perform successfully in our industry and among all the sectors in which we operate,” said Frank T. MacInnis, Chairman and CEO of EMCOR.
In 2007, EMCOR made a number of important announcements including its $455 million acquisition of Ohmstede Ltd., a provider of maintenance and repair services for the refinery and petrochemical industries. The third quarter 2007 marked the Company’s 49th consecutive profitable quarter, which included a record contract backlog of $4.48 billion. In addition, during 2007 EMCOR made a number of important new project announcements, including awards of facilities service contracts for the United States Air Force and Navy and other construction project awards in the healthcare, hospitality and entertainment, transportation, energy, pharmaceutical, and financial services sectors, among many others.
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 170 locations worldwide. The 28,000 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. Additional information on EMCOR can be found at www.EMCORGroup.com.
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, its Form 10-Q for the third quarter ended September 30, 2007, 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
Media: Josh Epstein – 212-575-4545
