Home Construction Emcor Group reports growth in first quarter

Emcor Group reports growth in first quarter

Emcor Group Inc. reported first-quarter revenues of $53.1 million, compared with $34.4 million in the previous first quarter.

Included in net income from continuing operations attributable to the Norwalk construction company for the first quarter of 2016 were after-tax transaction expenses of $700,000 related to the acquisition of Ardent Services LLC and Rabalais Constructors LLC, which was completed on April 15, 2016. Excluding those expenses, non-GAAP net income from continuing operations attributable to Emcor in the first quarter of 2016 was $35.1 million.

Revenues for the first quarter of 2017 were $1.89 billion, up 8.4 percent from $1.74 billion for the first quarter 2016.

Operating income for the first quarter of 2017 was $82.8 million or 4.4 percent of revenues, compared with $55.6 million or 3.2 percent of revenues in the year-ago period.

EMCOR Group is a Fortune 500 company offering mechanical and electrical construction services, industrial and energy infrastructure and building services.

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