EMCOR Group Reports $10.8B Revenue in 2024 10-K
Ticker: EME · Form: 10-K · Filed: Feb 26, 2025 · CIK: 105634
Sentiment: neutral
Topics: 10-K, financials, debt, revenue
TL;DR
EMCOR hit $10.8B revenue in 2024, credit facility terms detailed.
AI Summary
EMCOR Group, Inc. filed its 2024 10-K on February 26, 2025, reporting total revenues of $10,817,000,000 for the fiscal year ending December 31, 2024. The filing details the company's credit facilities, including the 2023 Revolving Credit Facility, which offers interest rates based on the company's Leverage Ratio and options for either a base rate or Adjusted Term SOFR.
Why It Matters
This filing provides investors with a comprehensive overview of EMCOR's financial performance and debt structure, crucial for assessing the company's stability and future growth prospects.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not contain immediate red flags, but the details on credit facilities warrant attention for financial risk assessment.
Key Numbers
- $10.817B — Total Revenues (For the fiscal year ending December 31, 2024.)
- 0.125% to 0.875% — Base Rate Margin (On the 2023 Revolving Credit Facility, dependent on Leverage Ratio.)
- 1.125% to 1.875% — Adjusted Term SOFR Margin (On the 2023 Revolving Credit Facility, dependent on Leverage Ratio.)
Key Players & Entities
- EMCOR Group, Inc. (company) — Filer of the 10-K
- 2024 (date) — Fiscal year end
- February 26, 2025 (date) — Filing date
- $10,817,000,000 (dollar_amount) — Total revenues for fiscal year 2024
- 2023 Revolving Credit Facility (company) — Details of credit agreement
- Bank of Montreal (company) — Mentioned in base rate determination
FAQ
What were EMCOR Group's total revenues for the fiscal year ending December 31, 2024?
EMCOR Group reported total revenues of $10,817,000,000 for the fiscal year ending December 31, 2024.
What are the interest rate options under EMCOR's 2023 Revolving Credit Facility?
The 2023 Revolving Credit Facility offers interest at either a base rate plus a margin of 0.125% to 0.875%, or Adjusted Term SOFR plus a margin of 1.125% to 1.875%, both dependent on the Leverage Ratio.
How is the base rate determined for the 2023 Revolving Credit Facility?
The base rate is the greater of the prime commercial lending rate announced by Bank of Montreal or the federal funds effective rate plus 1/2 of 1%.
When was EMCOR Group's 10-K filing submitted?
EMCOR Group's 10-K filing was submitted on February 26, 2025.
What is the SIC code for EMCOR Group, Inc.?
The Standard Industrial Classification (SIC) code for EMCOR Group, Inc. is 1731, which corresponds to Electrical Work.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on February 26, 2025 regarding EMCOR Group, Inc. (EME).