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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 : Brad Newman ( 212 ) 850-5646 EMCOR GROUP , INC . REPORTS THIRD QUARTER 2021 RESULTS Record Quarterly Revenues of $ 2.52 billion , 14.5 % Increase Year - over - Year - - Record Quarterly Diluted EPS of $ 1.85 - - Record Remaining Performance Obligations of $ 5.38 billion , 18.7 % Increase Year - over - Year - - Increases 2021 Revenue Guidance to $ 9.80 billion - $ 9.85 billion , up from approximately $ 9.5 billion - - Increases 2021 Diluted EPS Guidance Range to $ 6.95 - $ 7.15 from $ 6.65 - $ 7.05 - - Board Authorizes Additional $ 300 Million Share Repurchase Program - NORWALK , CONNECTICUT , October 28 , 2021 - EMCOR Group , Inc. ( NYSE : EME ) today reported results for the quarter ended September 30 , 2021 . For the third quarter of 2021 , net income was $ 99.7 million , or $ 1.85 per diluted share , compared to net income of $ 61.2 million , or $ 1.11 per diluted share , for the third quarter of 2020. Net income for the third quarter of 2020 was negatively impacted by the tax effect of the goodwill , identifiable intangible asset , and other long - lived asset impairment charges recorded in the second quarter of 2020 within our U.S. Industrial Services segment . Excluding such tax effect , non - GAAP net income for the third quarter of 2020 was $ 97.0 million , or $ 1.76 per diluted share . Revenues for the third quarter of 2021 totaled $ 2.52 billion , up 14.5 % from the third quarter of 2020 . Operating income for the third quarter of 2021 was $ 137.4 million , or 5.4 % of revenues , compared to operating income of $ 135.9 million , or 6.2 % of revenues , for the third quarter of 2020 . Selling , general and administrative expenses for the third quarter of 2021 totaled $ 243.9 million , or 9.7 % of revenues , compared to $ 226.8 million , or 10.3 % of revenues , for the third quarter of 2020 . - MORE - The Company's income tax rate for the third quarter of 2021 was 27.2 % , compared to an income tax rate of 54.7 % for the third quarter of 2020. The Company's tax rate for the third quarter of 2020 was impacted by the previously referenced tax effect of the impairment charges recorded in the second quarter of 2020 . Remaining performance obligations as of September 30 , 2021 were $ 5.38 billion , compared to $ 4.53 billion as of September 30 , 2020. Total remaining performance obligations grew approximately $ 848.6 million year - over - year .