EMCOR enjoys 16.7% growth in 4Q

Emcor Group, Norwalk, Conn., reported that its revenues increased 16.7% to $1.52 billion in the fourth quarter of 2011, compared to revenues of $1.30 billion in the year ago period. In a press release announcing the financials, Tony Guzzi, president and CEO said, “While I am very pleased with our results, we continue to operate in the trough of the economic cycle and a sustained upturn remains difficult to predict. Our backlog is solid with an improving mix of attractive commercial and industrial work; however backlog is now entirely composed of projects won during these challenging economic times with margins representative of the competitive pressures from the recession.”