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EMCOR Group Inc. Message Board

  • popakeg popakeg Jan 17, 2008 12:09 PM Flag

    New contracts, earnings should be

     

    good, if it will be rewarded in this market. Earnings date not listed anywhere that I can find. Anyone know?

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    • All of these projects go to the lowest bidder. Usually, 8-10 contractors get plans and specs from engineering firms and present a bid to the prospective client. The client selects the lowest bidder and moves forward with the project.
      EME contracting firms bid against locally owned mechanical contractors of similar size who do not have a national office which duplicates accounting, HR, and upper mgt. If they're taking low bid jobs, their margins will be lower than the independants across the board.
      Profits shown now reflect work that was secured 12-18 months ago, in most cases, as these projects are long term.
      During that period, labor and raw material prices have risen substantially. Investors who know these things are likely most responsible for the declining pps.

      • 1 Reply to bigperchlake
      • "Profits shown now reflect work that was secured 12-18 months ago, in most cases, as these projects are long term.
        During that period, labor and raw material prices have risen substantially. Investors who know these things are likely most responsible for the declining pps."

        Investors who "think" they know this. Job material costs are @ the time of the construction or hedged. Have you ever heard the term "COST OVERRUNS"! Seldom does a job complete without "cost overruns"
        jh

 
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