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EMEEmcor

Industrials · Electrical Contractors · NYSE

We are one of the largest specialty contractors in the United States and a leading provider of electrical and mechanical construction and facilities services, building services, and industrial services. 10-K, Item 1

Employees
44,000
Headquarters
Norwalk, CT
CEO
Anthony Guzzi
Next results
around Feb 25, 2027
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1 paragraph in Risk Factors of the 10-K filed Feb 26, 2026 with nothing like it in the 10-K filed Feb 26, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.

Compared with the Risk Factors in the latest 10-K of the other 81 Industrials companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.

For additional information on our strategy and processes for assessing, identifying, and managing the risks posed by cybersecurity threats, and the management and oversight of such efforts, refer to Part I, Item 1C. Cybersecurity.

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New in the latest 10-Q

8 paragraphs in the 10-Q filed Oct 29, 2026 with nothing like them in the 10-Q filed Jul 30, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.

10-Q

• the impact of legislation, government regulations, permitting requirements, moratoriums, or other governmental actions;

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Financial statements and notes

(2)Represents adjustment to estimate of excise tax on net share repurchases. Estimates of excise tax are subject to change in subsequent reporting periods, particularly if the amount of our share issuances exceed our share repurchases, thereby reducing the estimated excise tax due for the annual period.

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During the first nine months of 2026, we acquired nine companies for upfront consideration of $ 809.9 million, inclusive of customary working capital adjustments. Certain of these acquisitions included contingent consideration arrangements whereby future payments are based on financial performance over defined post-acquisition periods, subject to a maximum.

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Our contingent consideration liabilities consist of earn-out arrangements related to business combinations. Earn-out payments are contingent upon financial performance over defined post-acquisition periods. Each of the outstanding contingent consideration arrangements is subject to a maximum payment amount. These liabilities are recorded at fair value and are classified as Level 3 within the fair value hierarchy due to the nature of the inputs used in their valuation. Changes in fair value are included in “Selling, general and administrative expenses” in the accompanying Consolidated Statements of Operations.

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The estimated fair values of our contingent consideration liabilities were determined using option pricing models (Monte Carlo simulations). Significant assumptions used in assessing the fair value of these liabilities include financial projections as well as estimated volatility and discount rates. Significant increases or decreases in financial projections would result in a corresponding increase or decrease in the fair value of the contingent consideration liabilities. Increases in the estimated volatility or discount rate would result in a decrease in the estimated fair value of the contingent consideration liabilities.

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On October 26, 2026, our Board of Directors authorized an additional $ 500 million for the repurchase of shares of the Company’s outstanding common stock under our existing share repurchase program.

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During the three months ended September 30, 2026, we recognized a $34.0 million non-cash impairment charge associated with certain identifiable intangible assets within our United States building services segment. Refer to Note 8 - Fair Value Measurements of the notes to consolidated financial statements for further information regarding such impairment.

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Management monitors financial markets and overall economic conditions for factors that may affect our liquidity and capital resources and adjusts our capital allocation strategy as necessary.

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The 10-Q's risk factors against the 10-K

Item 1A of the 10-Q filed Oct 29, 2026 against Item 1A of the 10-K filed Feb 26, 2026. A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed. Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed, Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal (cut words struck through, new words highlighted and underlined). Text on the page, not a score; each links to the filing at sec.gov.

This 10-Q has no Item 1A (Risk Factors) text of its own, so there is nothing to compare. Many companies leave it out when their risks have not changed.

Work on EME in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/EME/export.csv") into a cell.