EMCOR Group reported a revenue increase of 16 percent for the second quarter of 2003; $1.1 billion compared to 2002’s second-quarter figures of $986.4 million. However, earnings fell to $8.3 million from $14.8 million a year earlier. The company said the earnings decreases resulted from a decline in its mechanical business because of tough economic conditions and a slow start to summer in the Midwest, as well as operating losses from its United Kingdom operations.
Projected profit for 2003 was reduced from $4.25-$4.60 per share to $2.90-$3.10 per share.
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As electronics continue to become smaller, faster, and more affordable, more and more contractors are investing in fleet-management solutions that help reduce their technicians’ time on the road, improve productivity, save gas, and protect these major assets from misuse or theft. Read more stories in 2017 April Issue.