EMCOR Group Inc
) subsidiary Poole & Kent Company recently received a
contract to install a reverse osmosis water treatment plant in
Clearwater, FL. The financial terms of the deal were not
Poole and Kent Corporation, a wholly-owned subsidiary of
EMCOR, is one of the leading mechanical contractors in the
eastern U.S. In addition to its role as a commercial mechanical
contractor, Poole and Kent also operates as a prime mechanical
contractor and general contractor on various projects. The
company's primary clients include the U.S. Navy, National
Institutes of Health and
As per the terms of the contract, Poole & Kent will
primarily be responsible for the construction of a 6.5 million
gallon per day reverse osmosis membrane water treatment facility.
This facility will also include ozone treatment system and iron
treatment system, which will transform brackish water into
The contract also includes chemical storage and feed systems,
groundwater storage tank, concentrate storage tank, pumping
systems, emergency generator system and new building additions,
as well as installation of all instrumentation, controls, HVAC,
electrical, and plumbing systems.
In May 2013, Dynalectric Company, another subsidiary of EMCOR,
had received a contract for the installation of electrical
systems at the Georgia Gwinnett College.
With revenues of approximately $6.3 billion, EMCOR Group is a
leader in mechanical and electrical construction, energy
infrastructure, and facilities services. In the recently reported
quarter, the company reported 1.9% year-over-year revenue growth
and earnings beat the Zacks Consensus Estimate by 2.27%. In
addition, sequential backlog improvements, organic revenue growth
and strong profitability amid challenging market conditions are
the growth drivers for this stock.
With all these positives, Emcor looks promising in the long
run. Emcor currently has a Zacks Rank #3 (Hold). Other sector
participants worth considering at the moment include
Primoris Services Corp
Orion Marine Group
). Both carry a Zacks Rank #2 (Buy).
EMCOR GROUP INC (EME): Free Stock Analysis
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