EMCOR Group, Inc. Included Among The Fortune 500 For Ninth Consecutive Year

-- Company Jumps 41 Places to 407th on Annual List --

 

NORWALK, CONNECTICUT, April 29, 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, is proud to announce it has been included in FORTUNE magazine’s annual FORTUNE 500 list for the ninth consecutive year.

 

The Company was ranked 407, up from its 2006 ranking of 448, and was also ranked 27th in 10-year annual earnings per share growth rate and 60th in 10-year annual rate of total return to investors.

 

“We are extremely honored to once again be included among the FORTUNE 500 and rank with the country’s elite companies,” said Frank T. MacInnis, Chairman and CEO of EMCOR Group. “We owe this recognition in large part to our approximately 30,000 employees around the world as well as to our continued commitment to the strategic expansion of our services while at the same maintaining the highest quality and innovation in everything we do.”

 

The FORTUNE 500 list evaluates companies according to revenues, profits, assets, stakeholders’ equity, market value, earnings per share, and total return to investors.

 

In 2007, EMCOR made a number of important announcements including its acquisition of Ohmstede Ltd., a provider of aftermarket maintenance and repair services for the refinery and petrochemical industries. The first quarter of 2008 marked the Company’s 51st consecutive profitable quarter.

 

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 reach with local execution, combining the strength of an industry leader with the knowledge and care of 170 locations worldwide.  The 30,000 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 2007 Form 10-K, its Form 10-Q for the first quarter ended March 31, 2008, 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