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 announced that its subsidiary EMCOR Government Services, Inc has been awarded a contract by the U.S. Army to perform support services for the Directorate of Public Works at Fort Huachuca, in Sierra Vista, Arizona. The project began November 1, 2012. The contract provides for a one-year term with an option by the U.S. Army to extend it for up to four additional years. If the project extends over the five-year period, EMCOR Government Services will be paid an aggregate of $42.7M.
EMCOR Government Services will be responsible for performing a variety of functions at Fort Huachuca, including operation and maintenance of water and wastewater, HVAC, plumbing, and electrical systems. Its scope of work also includes minor construction, roads and grounds maintenance, and pest control.
"EMCOR Government Services is pleased to have been selected by the Army to provide a diverse range of services required to support the Directorate of Public Works at Fort Huachuca," stated Michael Shelton, Chairman and CEO, EMCOR Government Services. "Fort Huachuca is an historical Army post with an important mission, and we look forward to being a part of the team."
About EMCOR Group, Inc.A Fortune 500 company with estimated 2012 revenues of ~$6.4B, EMCOR Group, Inc. (NYSE: EME) is a leader in mechanical and electrical construction, energy infrastructure, and facilities services. A 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. Additional information on EMCOR can be found at www.EMCORGroup.com. 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 2011 Form 10-K 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.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts