EMCOR Announces Six-Month Revenue Increase, Income Loss
EMCOR Group reported $2.3 billion in revenues for the first half of 2004, compared with $2.21 billion for 2003. The company also reported an operating loss of $786,000, compared with an operating income of $24.2 million for the same period last year. Second-quarter revenues were $1.19 billion, and net income was $1.4 million, or 9 cents per share.
As of June 30, EMCOR's contract backlog was $3.08 billion, reflecting the company's continued reduction in construction projects to conserve capacity in anticipation of private sector market recovery.