EMCOR Group, Inc. Named America's Most Admired Company In The Engineering And Construction Industry By Fortune Magazine
NORWALK, CONNECTICUT, March 4, 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 that it has been named America’s Most Admired Company in the Engineering and Construction industry by FORTUNE magazine.
FORTUNE’s annual ranking is compiled from a survey of 622 companies in 65 industries; it ranks companies based on eight key attributes of reputation. EMCOR received the highest rankings possible in the areas of Innovation, People Management and Social Responsibility, as well as extremely high marks for Use of Corporate Assets, Quality of Management, Financial Soundness, Long-Term Investment, and Quality of Products/Services. The list will appear in the March 17 issue of FORTUNE, and is currently available at www.fortune.com.
“We are very proud to be named again one of America’s Most Admired Companies by FORTUNE, and the recognition by our peers and colleagues is extremely rewarding and humbling,” said Frank T. MacInnis, Chairman and CEO of EMCOR. “Innovation, our people, and our commitment to the communities across the country where we work and live are a centerpiece of our Corporate culture. We look forward to continuing to serve our valued clients in the country’s most important sectors, as well as being on the forefront of providing industry-leading solutions for years to come. I thank the 29,000 EMCOR employees who made this important award possible.”
EMCOR recently announced its most profitable fourth quarter and year, which was also its 50th consecutive profitable quarter. Additionally in 2007, EMCOR recorded record year-end contract backlog.
Over the course of the past year EMCOR has continued its leadership in delivering innovative mechanical and electrical construction, energy infrastructure, and facilities service solutions with a diverse range of new projects for companies, organizations, and government entities including the United States Navy and the United States Air Force, General Motors, University of Colorado, as well as many of the country’s top healthcare providers (such as The Johns Hopkins Hospital), and industrial (such as ExxonMobil), lodging (such as Hilton Hotels), and gaming companies (such as the Mohegan Casino of the Wind).
EMCOR has also continued its “Touching Lives” corporate responsibility program, which includes the expansion of its “Taking KidSafety to the StreetÔ” program, which leverages EMCOR’s fleet of 6,000 service vehicles nationwide to display posters from the National Center for Missing and Exploited Children (NCMEC) of missing children. EMCOR anticipates being able to celebrate this May its participation in the recovery of over 100 children since the inception of the “Taking KidsSafety to the Street” program less than three years ago.
About EMCOR Group, Inc.
A Fortune 500 company with over $5.9 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 29,000 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 2007 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.
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