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Analyst: EMCOR ends 2004 with good quarter.
By Richard Lee, The Stamford Advocate, Conn. Knight Ridder/Tribune Business News
Mar. 1--Strategic management decisions and an improving economy have resulted in dramatically improved fourth-quarter and annual net income for the 2004 fiscal year at EMCOR Inc. in Norwalk.
The publicly traded construction and facilities management company guided revenues downward this year, while projecting profits will be up. EMCOR's net income for the Dec. 31 quarter was $10.6 million, or 68 cents per diluted share, a significant increase compared with net income of $2.6 million, or 17 per diluted share, in the 2003 fourth quarter.
For all of last year, EMCOR …
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