Emcor Group Buys Miller Electric for $865 Million

MT Newswires Live
02-03

Emcor Group (EME) said Monday that it has purchased Miller Electric for $865 million in cash.

The mechanical and electrical construction services company said it expects the acquisition to expand its services and footprint into high-growth sectors.

Emcor said Miller Electric is anticipated to report 2024 revenue of $805 million and adjusted earnings before interest, taxes, depreciation and amortization of $80 million.

The acquisition is expected to be "modestly accretive" to the company's 2025 earnings, Emcor added.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10