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Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2024
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, technology, manufacturing, industrial, healthcare, utility, and institutional customers through approximately 100 operating subsidiaries. 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. The following tables present financial information for each of our reportable segments for the three and six months ended June 30, 2024 and 2023 (in thousands):
| For the three months ended June 30,
| 2024 |  | 2023
Revenues from unrelated entities: |  |  |
United States electrical construction and facilities services | $ | 799,994 |  |  | $ | 678,167 |
United States mechanical construction and facilities services | 1,655,181 |  |  | 1,194,113 |
United States building services | 781,108 |  |  | 775,012 |
United States industrial services | 324,047 |  |  | 292,283 |
Total United States operations | 3,560,330 |  |  | 2,939,575 |
United Kingdom building services | 106,567 |  |  | 106,047 |
Total operations | $ | 3,666,897 |  |  | $ | 3,045,622 |
Total revenues: |  |  |
United States electrical construction and facilities services | $ | 802,884 |  |  | $ | 679,006 |
United States mechanical construction and facilities services | 1,669,887 |  |  | 1,209,242 |
United States building services | 792,277 |  |  | 802,934 |
United States industrial services | 326,312 |  |  | 293,057 |
Less intersegment revenues | (31,030) |  |  | (44,664) |
Total United States operations | 3,560,330 |  |  | 2,939,575 |
United Kingdom building services | 106,567 |  |  | 106,047 |
Total operations | $ | 3,666,897 |  |  | $ | 3,045,622 |
NOTE 14 - Segment Information (Continued)
| For the six months ended June 30,
| 2024 |  | 2023
Revenues from unrelated entities: |  |  |
United States electrical construction and facilities services | $ | 1,564,705 |  |  | $ | 1,322,913 |
United States mechanical construction and facilities services | 3,082,846 |  |  | 2,272,671 |
United States building services | 1,562,268 |  |  | 1,500,387 |
United States industrial services | 678,100 |  |  | 623,166 |
Total United States operations | 6,887,919 |  |  | 5,719,137 |
United Kingdom building services | 211,254 |  |  | 216,917 |
Total operations | $ | 7,099,173 |  |  | $ | 5,936,054 |
Total revenues: |  |  |
United States electrical construction and facilities services | $ | 1,569,623 |  |  | $ | 1,324,660 |
United States mechanical construction and facilities services | 3,106,715 |  |  | 2,308,726 |
United States building services | 1,596,150 |  |  | 1,551,544 |
United States industrial services | 684,487 |  |  | 631,564 |
Less intersegment revenues | (69,056) |  |  | (97,357) |
Total United States operations | 6,887,919 |  |  | 5,719,137 |
United Kingdom building services | 211,254 |  |  | 216,917 |
Total operations | $ | 7,099,173 |  |  | $ | 5,936,054 |
| For the three months ended June 30,
| 2024 |  | 2023
Operating income (loss): |  |  |
United States electrical construction and facilities services | $ | 88,577 |  |  | $ | 50,722 |
United States mechanical construction and facilities services | 213,440 |  |  | 119,847 |
United States building services | 46,839 |  |  | 46,137 |
United States industrial services | 12,746 |  |  | 7,887 |
Total United States operations | 361,602 |  |  | 224,593 |
United Kingdom building services | 5,777 |  |  | 5,927 |
Corporate administration | (34,571) |  |  | (33,853) |
Total operations | 332,808 |  |  | 196,667 |
Other items: |  |  |
Net periodic pension income (cost) | 221 |  |  | (282) |
Interest income (expense), net | 6,106 |  |  | (2,692) |
Income before income taxes | $ | 339,135 |  |  | $ | 193,693 |
NOTE 14 - Segment Information (Continued)
| For the six months ended June 30,
| 2024 |  | 2023
Operating income (loss): |  |  |
United States electrical construction and facilities services | $ | 180,166 |  |  | $ | 91,238 |
United States mechanical construction and facilities services | 364,160 |  |  | 206,074 |
United States building services | 80,298 |  |  | 83,787 |
United States industrial services | 30,712 |  |  | 22,907 |
Total United States operations | 655,336 |  |  | 404,006 |
United Kingdom building services | 11,154 |  |  | 11,351 |
Corporate administration | (73,729) |  |  | (63,780) |
Total operations | 592,761 |  |  | 351,577 |
Other items: |  |  |
Net periodic pension income (cost) | 443 |  |  | (556) |
Interest income (expense), net | 13,647 |  |  | (4,524) |
Income before income taxes | $ | 606,851 |  |  | $ | 346,497 |
| June 30, 2024 |  | December 31, 2023
Total assets: |  |  |
United States electrical construction and facilities services | $ | 1,242,145 |  |  | $ | 1,243,707 |
United States mechanical construction and facilities services | 2,599,846 |  |  | 2,242,833 |
United States building services | 1,424,862 |  |  | 1,382,664 |
United States industrial services | 637,802 |  |  | 571,658 |
Total United States operations | 5,904,655 |  |  | 5,440,862 |
United Kingdom building services | 275,714 |  |  | 277,066 |
Corporate administration | 892,180 |  |  | 891,793 |
Total operations | $ | 7,072,549 |  |  | $ | 6,609,721 |

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