EMCOR GROUP INC
			Symbol			EME

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EMCOR Group, Inc. Reports Third Quarter 2009 Results

2009-10-29 07:30 ET - News Release

- Third Quarter Operating Margin of 4.9% -
- Third Quarter Diluted EPS of $0.59 -
- 2009 Diluted EPS Guidance Increased to $2.20 - $2.35 -

NORWALK, Conn. -- (Business Wire)

EMCOR Group, Inc. (NYSE: EME) today reported results for the third quarter ended September 30, 2009.

For the 2009 third quarter, the Company reported net income ⁽¹⁾ of $40.0 million, or $0.59 per diluted share, compared to net income ⁽¹⁾ of $48.6 million, or $0.72 per diluted share, in the third quarter of 2008. In the 2009 third quarter, revenues were $1.37 billion, compared to $1.72 billion in the third quarter of 2008.

Operating income in the 2009 third quarter was $67.3 million, compared to operating income of $78.6 million in the same quarter a year ago. As a percentage of revenues, operating income in the third quarter of 2009 rose to 4.9% from 4.6% in the 2008 third quarter. Selling, general and administrative expenses (SG&A) decreased $7.8 million to $137.9 million, or 10.1% of revenues, in the third quarter of 2009, compared to $145.7 million, or 8.5% of revenues, in the comparable prior year period.

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