good Thank morning and you, Tony today. everyone the call on to participating
the we this accessing now on X. those via Slide For webcast, presentation are
is slides, several Commission statements through augment year-to-date as September in Securities financial this I performance from included consolidated our form opening commentary results course and of and the third announcement referenced earlier of Over financial All earnings both release filed well Tony’s the our next a Exchange XX. summary as quarter morning. of will our XX-Q provide and derived information with
revisit Consolidated revenues our quarter X let’s quarter third of million of $X.XX XXXX. X.X% So or performance. up three over
to includes million positively time not acquired, to quarter. attributable and last Acquisition year’s mechanical period EMCOR pertaining the results $XX.X segments. such quarter revenues that services impacted U.S. businesses our we’re U.S. revenues third businesses construction of third Our of owned by in building
million third X.X% Excluding quarter the impact of organically. businesses consolidated or revenues increased acquired $XXX
revenue U.S. third and within X.X% were revenue sectors EMCOR’s million several of market of segments of million $XXX Quarter-over-quarter X.X%. market or gains hospitality construction million XXXX. generated sectors from completion partially construction due the substantial of electrical or XXXX. revenues All growth $XX.X large to transportation completion quarter. projects the during offset commercial, the revenues $XX.X million by U.S. revenue manufacturing institutional during of three declines increased infrastructure quarter or increased within mechanical and the $XXX.X reportable
segments revenues million, $XX.X the acquisition X.X% increased of Excluding revenues organically. million or $X.X
constructing completed As I XXXX. large second my call scale a segment commentary, number of mechanical during mentioned quarter projects our in earnings
performance by or of revenue obligations awards their in a remaining U.S. X.X%. achieved projects or domestic construction services revenues modest quarter this X.X%. increased building as March on $XX.X a just million quarter revenue XX% mobilization we This has as XX $XX.X increase of new only evidenced in increased billion experienced we As EMCOR’s and total result million million planning the growth of begin during and since of segment, business ended. year. segment $X.XX number new third largest quarterly this $XXX.X growth however within pre-project the contract
organically favorable continues mechanical, and divisions partially a as site-based revenue to experience mix. U.S. is million, more services services strong activities. industrial their XX.X% were $X.X revenue acquisition services division. increased revenues revenues commercial project $XXX.X of a revenues higher their increased providing This segment gains within demand, Excluding field Revenue shop of a services decline million or which and million result services within $XX.X of government X.X%. by offset energy segments this
this Hurricane on as results As remembers, call Harvey. I were quarter XXXX am this commented, segment Tony third just everyone for impacted by severely sure and
demand seasonal turnaround started three of quarter the Towards see the of into latter this we half the season. to resumption normal we year, fall head of as
caused services were be around this This We My $XXX,XXX continues UK’s last by European able our small building a year they increased beyond result to customers scheduled Harvey. $XXX.X quality are as encouraged or disruptions Hurricane of million, of and move services year increased last Kingdom by The United to million $XX.X revenues XX.X% earlier as quarter as echo currency statement impacted of from to provide project to the due it’s exit activities. earlier. the the is third Tony revenues capital revenues what terms segment’s negatively to movement foreign the uncertainties referenced quarterly Union. sterling of vulnerability pound on the and
support EMCOR administrative by for increased first eclipse third intangible $X.XX necessitated million asset represent expectations $X.X Please turn incremental quarter-over-quarter quarterly other year’s an revenues fourth $X.X from and increase for costs, profitability in to of with approximately Slide includes quarterly approximately increase X. Selling, our acquired the general our revenues million quarter and compensation of history. associated organic represented our $X.X three is we quarter inclusive SG&A, an quarter, incentive primarily The of X.X% increase employee a $XXX.X in record revenues employment of XXXX expenses $X due in organic This quarter new reflect an of time to as million. to Our revenue from of XXXX. exceeded growth. resulting higher which well costs million as businesses of current billion headcount organic increase in and billion is of year-over-year amortization
XXXX to discreet technology quarter comparison revenues quarter-over-quarter Reported X.X% $XXX income a our due Additionally, of new operating we revenues that initiatives currently have professional in With performance. operating in third quarterly experienced X.X% progress. million represents quarter’s Similar of in margin each performance, from increases time and fee in of cover quarterly or million now information will of and I revenue to of reporting $XXX.X income expenses income the record. almost segments $XXX said, all quarterly million operating quarter. to this represents operating our
Conversely, XXXX’s exceptional decreased Our million, transportation quarterly from a operating which income operating $XX.X U.S. This number quarter comparable the X.X%, below projects quarterly large last in either $XX.X third margin resulting record number substantial of third electrical margin of that XXXX. segment Reported is the construction year’s current of large executed period. projects, or million year’s operating XXXX in which segment operating is completion. margin quarter stages income include XX.X%. quarter of services completed results new are of in and telecommunications the a in reached early completion the
from West of this impacted were a negatively $XX.X infrastructure segment segment $X.X by a contract $X.X represents Services experienced Coast, or which of million due from addition, to Construction U.S. write-down operating Operating results In Mechanical as XXXX’s income third contribution the XXXX. from is due to scope business as issues. quarter period-over-period. consistent an operating million project million is on The commercial margin the increased in the segment increase project profit increase X.X% year’s last of quarter. and a hospitality in gross acquired activity, well income X.X% manufacturing, a
operating is X.X% awards new income increased services within margin improvement primarily U.S. due as profitability ended, Construction contract for $XX.X increased margin division, U.S. the or operating year’s of quarter X.X% quarter. of Building total revenues. reporting to million Services $X.X quarterly IDIQ last due compared just million Business to income and for third increased Our a and their is operating government Operating The activity. to and to project X.X%
within period-over-period segment’s benefit from in activity Additionally, increase an division. this energy large services its operating income project
Industrial U.S. X.X% XXXX’s $X.X which revenues, of is represents segment Our increase income million $XX million operating an Services of quarterly loss of $X.X operating from of million.
year income more a operating as or we season. turnaround improvement return see the an tends both levels of of of field services each up for gear our point building Although, weakest shop fall over X.X% increase revenues represents million XX million year’s seasonally third basis quarter. to $X.X activities, services within UK to this of quarter and segment. It encouraging last and one $X the third for be of typical of a is is to activity the
and the small improvement. capital drove strong Continued project activity period-over-period
now X. on We Slide are
three quarter as million. not the dollars of that financial follows: improved data are or the $XXX.X by revenues previous XX.X% slides absolute profits for key million is quarter addressed on of Additional third $XX.X gross
However, change in XX to due profit reduction our as gross profit the Electrical result contracted as gross points, Construction the of and well previously common gross basis as the from profit, gross in revenue to margin U.S. $X.XX the September impact of a share project compares continuing Diluted quarter-over-quarter. margin ended XX.X% and the earnings last $X.XX X.XX or represents improvement operations This is quarter XXXX. XX, per referenced. mix for
I between tax our for XXXX will is consistent quarter and one XX.X%. XXXX rate believe the remaining and of rate items. With rate XX.X% reported. year impacted our was being be with rate third XX.X% XX% by quarter tax now of certain tax Our full the quarterly year-to-date just and of favorably discrete
continued performance cash our revenue with a by as representing significant We provided cash quarter organic the in third have during operating improvement $XX.X flow result sequential quarter. activities our million, growth quarterly of
At Our time we due milestones has or triggered working our activities capital finish cash had Hurricane very last and Industrial impact, segment significant had stated, increased, year, segments driven and services achieved Harvey’s in in little activities. construction to this completion U.S. within two projects our project Services by that our revenue previously late startups new within primarily rebounds industrial we as Construction XXXX. collections investment numerous substantial
strong to are a but fourth cash during result cash flow generation. to we earlier, achieve the quarter, comparable expect indicated Tony not record anticipating do XXXX’s As still generation
We’re now Slide on XX.
of million the increase period. or attention to September an to in quarter through let’s year as the the year-to-date our $X.XX Revenues of prior of X% out turn way, With billion now our billion results compared XX. represent $XXX $X.X
revenues that owned pertaining attributable Our of time period. the businesses period EMCOR such acquired, to year-to-date were $XX.X businesses million year-to-date in XXXX results include of not by to the
and in is of margin Harvey. revenues is Construction, operating Building year-to-date to segments. Construction flat X%. increased XXXX’s million by start revenue is of got or due our period. X.X% a our million respective Significant segments carryover $XXX.X Excluding inclusive $XXX.X U.S., XXXX, XXXX acquired. X%. $XXX.X Hurricane domestic impact which improvement year-to-date Building million segments to absolute Mechanical our of as comparative increase Selling, $XXX.X I’m revenue Services UK year-over-year the SG&A period profit and margin compared businesses represent construction each Industrial XXXX’s off in a XXXX. X.X% administrative segments muted million offset the and within growth Services within Building Year-to-date decline incremental segment, acquired, Strong revenues performance. in organically an was to within our $X.X Industrial in and $XXX.X income both businesses sorry, million partially over of asset or Services slow of XXXX’s Year-to-date the million U.S. percentages year-over-year X.X% of pretending gross to of million represents and reductions was gross UK $XX.X amortization of by Services Year-to-date than greater $X.X of the or U.S. of with our revenues Electrical contribution margin million XX.X%. each expenses intangible XXXX both include is U.S. impact XXXX gross by general dollars U.S. and and XX.X%
performance. which margin Our with year-to-date is operating is XXXX’s X.X%, consistent nine-month
previously flat Construction nine contract margin a project margin completed disputed in basis by year, within certain to last due U.S is operating recovery Although, Mechanical of year-over-year, points segment XXXX. we the on XX disclosed operating benefited month-to-date XXXX’s as costs
margin Non-GAAP XXXX’s months have diluted basis, from $X.XX second XXXX’s add year-to-date improvement nine compared in to the our of XX.X% segment the an Construction current the of On year-over-year. $X.XX diluted $X.XX negatively to quarter. loss during Reported share points. months asset write-down continuing Electrical our is would U.S. XXXX XXXX, intangible common XX reflecting basis September been realized adjusted operations operating corresponding from impairment quarter represents per in which per an operations ended as XX, impacted period. earnings earnings continuing $X.XX, non-cash back project the the a share by within Additionally, compared nine for
our repurchase second pursuant on decreased capital The Slide strong our XXXX strength. and Working related cash maintain year-end to revenue as programs, assets to and to have funding the stock of our the decreased of due expenditures, to name and XX. capital XXXX, reflecting impact the primarily increased quarterly XX its of for quarter. December XX organic partially are that debt balance stock goodwill receivable period. to common due amortization Total as acquisitions, from now quarterly variations $XXX,XXX from year-to-date contract reduced We’re impairment balance approximately expense, the continues from December and of of costs debt dividends. our term to the a repurchase well have accounts as impact loan, loss $XX.X result sheet XX, year-to-date intangible follows: growth EMCOR’s performance. September of levels our assets continued issuance identifiable of note balance principal by has of as the offset under in businesses amortization in Changes our trade $XXX.X million outstanding acquired, repayments during million XXXX, is due XXXX mandatory primarily taken
XX.X% outstanding at a we a September of to ratio debt borrowings, our As result XX, have capitalization of XXXX.
our the compared opportunities. to objectives its our capitalize presentation strategic good flow retains cash call against I return concluded, performance does strength sheet XXXX exceptional our in Tony? to and portion Although, will of performance, our market slide position to-date With to my to formal remained and not balance favorably we Tony. execute on the
