NORWALK, CONNECTICUT, March 8, 2011 - 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 that it has been named the #1 World's Most Admired Company in the Engineering and Construction Industry by Fortune magazine for 2010. This is the third consecutive year EMCOR has received this recognition.
Fortune's Most Admired list is the definitive report card on corporate reputations. The annual ranking was compiled for 2010 starting with approximately 1,400 companies and was completed after sorting and surveying 663 companies in 57 industries from 32 countries. The Hay Group, Fortune's survey partner, asked 4,100 executives, directors, and securities analysts to rate companies in their industry on nine criteria, from investment value to social responsibility. This year a company's score must rank in the top half of its industry survey to appear in the March 21, 2011 edition of Fortune; all of the companies are currently available for review at www.fortune.com.
EMCOR received a strong overall score for 2010, ranking it #1 in the Engineering and Construction industry, compiled from survey scores based on key attributes, including Innovation, People Management, Use of Corporate Assets, Social Responsibility, Quality of Management, Long-Term Investment and Quality of Service.
"This is a tremendous honor that recognizes the dedication and hard work of our more than 24,000 employees over many years," stated Tony Guzzi, President and CEO of EMCOR Group. "We commit each day to enhancing the quality of service we provide to our valued clients, whose business we truly appreciate."
Active in its social responsibility efforts, EMCOR's "Touching Lives" corporate responsibility program is robust and includes its "Taking KidSafety to the Street" program, which leverages EMCOR's fleet of approximately 6,000 service vehicles to display posters from the National Center for Missing and Exploited ChildrenTM (NCMEC) of missing children. EMCOR's efforts have aided in the recovery of more than 200 missing children since EMCOR's inception of it's program in 2005. Also, the "EMCOR Pink Hard Hat Program", supporting breast cancer awareness, involves thousands of EMCOR employees across its subsidiaries in the U.S. and U.K. wearing EMCOR Pink Hard Hats throughout the month of October as part of EMCOR's "Protect Yourself" campaign.
Over the past year, EMCOR continued its leadership in delivering innovative mechanical and electrical construction, energy infrastructure, and facilities service solutions with a diverse range of projects for companies and organizations, including government entities (e.g. Naval District Washington, D.C.; U.S. Federal Courthouses in San Diego and Los Angeles, CA), many of the country's top healthcare providers (e.g., Oregon State Hospital; Wheeling Hospital, WV; The Kaiser Permanente San Leandro Medical Center, CA), critical water and water treatment projects (e.g. South District Wastewater Treatment Plant, FL; U.S. Army Corps of Engineers Picayune Strand Restoration Project, FL) and highly sophisticated infrastructure projects (e.g. New York State Department Of Transportation; Los Angeles Department of Transportation, Los Angeles Airport; New York's LaGuardia Airport).
About EMCOR Group, Inc.
A Fortune 500 company with estimated 2010 revenues of $5.0 billion, EMCOR Group, Inc. (NYSE: EME) is a global leader in mechanical and electrical construction, energy infrastructure, and facilities services. A leading provider of critical infrastructure systems, EMCOR gives life to new structures and sustains life in existing ones by its planning, installing, operating, maintaining, and protecting the sophisticated and dynamic systems that create facility environments---such as electrical, mechanical, lighting, air conditioning, heating, security, fire protection, and power generation systems---in virtually every sector of the economy and for a diverse range of businesses, organizations and government. EMCOR represents a rare combination of broad reach with local execution, combining the strength of an industry leader with the knowledge and care of 170 locations. The 26,000 skilled employees of EMCOR have made the company, in the eyes of leading business publications, amongst the "World's Most Admired" and "Best Managed". 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 and its 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, backlog 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 and mix of business. Certain of the risks and factors associated with EMCOR's business are also discussed in the Company's 2009 Form 10-K, its Form 10-Q for the third quarter ended September 30, 2010, 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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CONTACT:
Mava Heffler
Vice President, Marketing & Communications
203-849-7814
Media:
Linden Alschuler & Kaplan, Inc.
Lisa Linden/Mollie Fullington
212-575-4545/917-346-6123