EMCOR Group, Inc. Named World's No. 1 Most Admired Company in the Engineering and Construction Industry by FORTUNE Magazine

21st April 2009

 

EMCOR Group, Inc. has been named the 2009 World's Most Admired Company in the Engineering and Construction industry by FORTUNE magazine.

 

FORTUNE's Most Admired list is the definitive report card on corporate reputations. The annual ranking was compiled starting with some 1,400 companies and, after sorting, surveying 689 companies, in 64 industries, from 28 countries.

 

Over 4,047 executives, directors, and analysts were asked to rate companies in their industry on nine criteria - from investment value to social responsibility. A company's score must rank in the top half of its industry survey.

 

Frank T. MacInnis, Chairman and CEO of EMCOR Group, Inc. said: "We are extremely proud to be designated among the world's most innovative and renowned leaders in their fields and it is exceptionally rewarding to be named one of the World's Most Admired Companies by FORTUNE. We look forward to continuing the dedicated service and commitment to our clients and providing industry-leading solutions for which we are being recognised in this prestigious fashion. I thank the 28,000 EMCOR employees who made this important award possible."

 

Keith Chanter, Chief Executive of EMCOR Group (UK) plc added: "It is a great honour for EMCOR Group, Inc. to be credited with this award, and we are delighted to be recognised as a worldwide leading company. The UK subsidiary of EMCOR continues to build on our international reputation, focusing on safety, quality and innovation to ensure we remain the best in the industry – whether we're managing large scale, national developments or smaller projects. Our 3,000 employees in the UK remain committed to deliver on time and in budget – which is why our customers keep coming back."

 

EMCOR recently announced its most profitable fourth quarter and year in its history, which was also its 54th consecutive profitable quarter.

 

Over the course of the past year EMCOR continued its leadership in delivering innovative mechanical and electrical construction, energy infrastructure, and facilities services solutions with a diverse range of new projects for companies and organisations, across the UK, U.S.A and Canada.

 

Notes to editors

 

About EMCOR Group, Inc.

A Fortune 500 company with estimated 2009 base revenues of $6.0 - $6.3 billion, EMCOR Group, Inc. (NYSE: EME) is a global leader in mechanical and electrical construction, energy infrastructure, and facilities services. A leading 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 28,000 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's 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, project 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, mix of business, and risks associated with foreign operations. Certain of the risks and factors associated with EMCOR's business are also discussed in the Company's 2008 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.

 

About EMCOR Group (UK) plc

With over 100 years experience in the UK market, EMCOR Group (UK) plc provides engineering services, facilities management and sustainable business solutions through its two businesses--- EMCOR Engineering Services and EMCOR Facilities Services. EMCOR UK is a wholly owned subsidiary of EMCOR Group, Inc. (NYSE:EME).