HA HA - Nice Work USM - Even Daddy is not Happy
“Tony Guzzi, President and Chief Executive Officer of EMCOR Group, commented, "I am pleased with our operating performance in the second quarter, with most of our businesses coming in at or better than expected. Driven by excellent execution, our competitive advantage and our enhanced diversity of service offerings in broad end market participation, we saw good performance across most of our businesses. Our performance also benefited from our continued focus on reducing costs and maximizing SG&A leverage, which has allowed us to further reduce SG&A expenses as a percentage of revenue from 2011 second quarter levels. However, our quarterly performance was tempered by lower than anticipated results from our commercial site-based business, including USM, which currently is not performing at expected levels."