The EMCOR Group today reported revenues $1.61 billion in the fourth quarter of 2012, a 6.2% increase of $1.52 billion in the same period a year ago. Organic revenue growth in the quarter was 4.3%.
EMCOR group is a provider of critical infrastructure systems. The company is involved in mechanical and electrical construction, energy infrastructure, LEED construction, design/build, life safety, and facilities services and energy power generating systems.
For the fourth quarter of 2012, operating income was $78.9 million, or 4.9% of revenues.
Domestically, continued strong growth in the industrial sector combined with growth in the institutional sector more than offset declines in the commercial, healthcare, hospitality/gaming, transportation and water/wastewater sectors, the company said.
Tony Guzzi, president and chief executive officer of EMCOR Group, commented, “The 2012 fourth quarter finished a strong year for us. We generated solid organic growth over a strong year-ago performance and expanded margins through excellent execution and a focus on cost control. Cash generation was strong during the year, and we have both invested in our growth and returned $58 million to our shareholders through our dividend and share repurchase program through the year.”
He continued, “We continue to have particularly strong performance in our domestic construction operations, driven by organic growth and solid project execution. In facilities services, our turnaroundand maintenance services for industrial clients continued to perform well, and we saw modest improvement in mechanical services operations.”
Revenues for the 2012 full-year period increased 13.1% to $6.35 billion, compared to $5.61 billion for the 2011 full-year period. Organic revenue growth for the 2012 full-year period was 7.6%.
Operating income in the 2012 full-year period was $250.0 million, or 3.9% of revenues, compared to $210.8 million, or 3.8% of revenues a year ago.Tagged with tED