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EMCOR News Release FOR : CONTACT : EMCOR GROUP , INC . R. Kevin Matz Executive Vice President Shared Services ( 203 ) 849-7938 FTI Consulting , Inc. Investors : Haskel Kwestel ( 212 ) 850-5646 EMCOR GROUP , INC . REPORTS FIRST QUARTER 2021 RESULTS - Record First Quarter Revenues of $ 2.30 billion - - Record First Quarter Diluted EPS of $ 1.54 , 14.1 % Increase Year - over - Year - - Record Remaining Performance Obligations of $ 4.78 billion , 7.9 % Increase Year - over - Year - - Increases 2021 Diluted EPS Guidance Range to $ 6.35 - $ 6.75 from $ 6.20 - $ 6.70 - NORWALK , CONNECTICUT , April 29 , 2021 - EMCOR Group , Inc. ( NYSE : EME ) today reported results for the first quarter ended March 31 , 2021 . For the first quarter of 2021 , net income was $ 84.8 million , or $ 1.54 per diluted share , compared to $ 75.7 million , or $ 1.35 per diluted share , for the first quarter of 2020. Revenues for the first quarter of 2021 totaled $ 2.30 billion , up 0.2 % from the year ago period . Operating income for the first quarter of 2021 was $ 117.0 million , or 5.1 % of revenues . This compared to $ 106.0 million , or 4.6 % of revenues , for the first quarter of 2020 . Selling , general and administrative expenses for the first quarter of 2021 totaled $ 224.1 million , or 9.7 % of revenues , compared to $ 227.0 million , or 9.9 % of revenues , for the first quarter of 2020 . The Company's income tax rate for the first quarter of 2021 was 27.2 % compared to an income tax rate of 27.4 % for the first quarter of 2020 . Remaining performance obligations as of March 31 , 2021 were $ 4.78 billion compared to $ 4.42 billion as of March 31 , 2020. Total remaining performance obligations grew approximately $ 351.3 million year - over year . - MORE - Tony Guzzi , Chairman , President and Chief Executive Officer of EMCOR , commented , " The Company had an outstanding start to the year , achieving record first quarter revenues , gross profit , gross profit argin , ting income , oper income margin , net income , and diluted earning per share . Our focus on executing for our customers allowed us to deliver a robust operating income margin of 5.1 % , up 50 basis points year - over - year . Additionally , we continue to see a healthy project pipeline as evidenced by our record remaining performance obligations of $ 4.78 billion , which increased 7.9 % year - over - year . "