Illustration 60886103 / Kheng Ho To / Dreamstime
Illustration 60886103 Kheng Ho To / Dreamstime
60886103 / Kheng Ho To / Dreamstime
60886103 / Kheng Ho To

EMCOR off to strong start in 2013

April 29, 2013
The year is off to a good start for EMCOR but corporate and government budgets for expansion are unclear.
EMCOR Group Inc., Norwalk, Conn., enjoyed a 1.9% increase in sales in 1Q 2013 and expects its business to improve as the year goes on. Tony Guzzi, the company’s president and CEO said in a press release announcing the results, “Our first quarter results are in-line with our expectations, and we remain confident about our prospects for the remainder of 2013. We expect strong performance from our facilities services segment and our domestic construction businesses should follow a seasonal pattern, as performance builds during the year and we take advantage of specific project opportunities as they arise and remain focused on strong project execution. “Overall, visibility remains somewhat limited, as corporate and government budgets remain unclear. While we have seen strength in certain areas of our business, the broader economic recovery continues to lag. Our focus therefore continues to be on exercising cost discipline while continuing to pursue opportunities to invest in our future growth.” Details