EMCOR Group, Inc. Announces Increase
in Share Repurchase Program of $500 Million

NORWALK, CONNECTICUT, June 7, 2024 - EMCOR Group, Inc. (NYSE: EME), announced today that its Board of Directors has authorized an additional $500 million for the purchase of shares of its outstanding common stock under its existing share repurchase program.

Tony Guzzi, Chairman, President, and Chief Executive Officer of EMCOR, commented, “Our long-term confidence in our business, strong free cash flow, solid financial position, and commitment to our shareholders is reflected by this increase to our share repurchase program. We remain excited about the opportunities within our resilient and growing end sectors and remain committed to a balanced capital allocation strategy, which includes pursuing organic investments, strategic acquisitions, returning cash to shareholders, and creating long-term value for our shareholders.”

Repurchases under the authorization will be funded by the Company's operations. Shares will be repurchased from time to time on the open market or through privately negotiated transactions at the Company's discretion, subject to market conditions, and in accordance with applicable regulatory requirements. The share repurchase program has no expiration date and does not obligate the Company to acquire any particular amount of common stock and may be suspended, recommenced or discontinued at any time or from time to time without prior notice.


EMCOR Group, Inc. is a Fortune 500 leader in mechanical and electrical construction services, industrial and energy infrastructure and building services. This press release and other press releases may be viewed at the Company’s website at www.emcorgroup.com. EMCOR routinely posts information that may be important to investors in the “Investor Relations” section of our website at www.emcorgroup.com. Investors and potential investors are encouraged to consult the EMCOR website regularly for important information about EMCOR.