XML 34 R23.htm IDEA: XBRL DOCUMENT v3.22.2
Segment Information
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
We are one of the largest specialty contractors in the United States and a leading provider of electrical and mechanical construction and facilities services, building services, and industrial services. Our services are provided to a broad range of commercial, industrial, utility, and institutional customers through approximately 90 operating subsidiaries, which specialize principally in providing construction services relating to electrical and mechanical systems in all types of facilities and in providing various services relating to the operation, maintenance, and management of those facilities. Such operating subsidiaries are organized into the following reportable segments:
United States electrical construction and facilities services;
United States mechanical construction and facilities services;
United States building services;
United States industrial services; and
United Kingdom building services.
For a more complete description of our operations, refer to Item 1. Business of our Form 10-K for the year ended December 31, 2021.
Our reportable segments and related disclosures reflect certain reclassifications of prior year amounts from our United States mechanical construction and facilities services segment to our United States building services segment, and from our United States building services segment to our United States construction segments, due to changes in our internal reporting structure aimed at realigning our service offerings.
NOTE 14 - Segment Information (continued)
The following tables present financial information for each of our reportable segments for the three and six months ended June 30, 2022 and 2021 (in thousands): 
 For the three months ended
June 30,
 20222021
Revenues from unrelated entities:
United States electrical construction and facilities services$564,112 $492,130 
United States mechanical construction and facilities services1,066,347 968,664 
United States building services677,847 611,835 
United States industrial services284,534 235,163 
Total United States operations2,592,840 2,307,792 
United Kingdom building services114,548 129,874 
Total operations$2,707,388 $2,437,666 
Total revenues:
United States electrical construction and facilities services$566,029 $492,814 
United States mechanical construction and facilities services1,073,623 971,215 
United States building services702,829 636,978 
United States industrial services287,440 252,444 
Less intersegment revenues(37,081)(45,659)
Total United States operations2,592,840 2,307,792 
United Kingdom building services114,548 129,874 
Total operations$2,707,388 $2,437,666 
 For the six months ended
June 30,
 20222021
Revenues from unrelated entities:
United States electrical construction and facilities services$1,086,142 $951,525 
United States mechanical construction and facilities services2,066,817 1,883,165 
United States building services1,305,648 1,179,871 
United States industrial services595,285 470,545 
Total United States operations5,053,892 4,485,106 
United Kingdom building services246,045 256,609 
Total operations$5,299,937 $4,741,715 
Total revenues:
United States electrical construction and facilities services1,089,443 953,589 
United States mechanical construction and facilities services2,078,479 1,887,937 
United States building services1,355,060 1,227,423 
United States industrial services611,941 498,372 
Less intersegment revenues(81,031)(82,215)
Total United States operations5,053,892 4,485,106 
United Kingdom building services246,045 256,609 
Total operations$5,299,937 $4,741,715 
NOTE 14 - Segment Information (continued)
For the three months ended
June 30,
20222021
Operating income (loss):
United States electrical construction and facilities services$35,095 $43,012 
United States mechanical construction and facilities services76,945 76,724 
United States building services38,161 32,538 
United States industrial services6,458 (208)
Total United States operations156,659 152,066 
United Kingdom building services6,415 7,047 
Corporate administration(25,430)(25,755)
Total operations137,644 133,358 
Other items:
Net periodic pension (cost) income1,094 922 
Interest expense, net(1,751)(1,316)
Income before income taxes$136,987 $132,964 
For the six months ended
June 30,
20222021
Operating income (loss):
United States electrical construction and facilities services$55,088 $83,264 
United States mechanical construction and facilities services135,619 139,900 
United States building services62,083 63,658 
United States industrial services19,716 (2,651)
Total United States operations272,506 284,171 
United Kingdom building services17,003 16,458 
Corporate administration(51,908)(50,267)
Total operations237,601 250,362 
Other items:
Net periodic pension (cost) income2,263 1,830 
Interest expense, net(3,040)(2,679)
Income before income taxes$236,824 $249,513 
June 30,
2022
December 31,
2021
Total assets:
United States electrical construction and facilities services$921,152 $855,417 
United States mechanical construction and facilities services1,800,072 1,672,546 
United States building services1,193,169 1,089,844 
United States industrial services614,110 589,017 
Total United States operations4,528,503 4,206,824 
United Kingdom building services241,792 241,740 
Corporate administration376,149 992,882 
Total operations$5,146,444 $5,441,446