EMCOR Group, Inc. (NYSE:EME) Q4 2022 Earnings Call Transcript

Anthony Guzzi: It doesn’t hurt. This whole union, nonunion things in parts of the country where sometimes we know how to operate both. What I’ve learned is nobody wakes up in the morning other than maybe some of the big cities and say, I will never be a union electrician, and no one wakes up in the morning and said, I will never not be a nonunion electrician. Nonunion grows typically when the economy is not great, or when the building trades aren’t great. We recruited a lot of nonunion electricians and pipe fitters into the union ranks. We do it through the local union and as a result, they get into an apprentice program. And if you look at the IRA, it’s geared towards apprenticeship programs. There’s some good nonunion apprenticeship programs. It’s a lot more rigorous for us to set up. We believe in those programs, both union and nonunion because it comes out with a safe productive work at the end.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Tony Guzzi for any closing remarks.

Anthony Guzzi: Yes. Thank you all very much for your interest in EMCOR. We’re at the start of 2023. We have a pretty good outlook, and we’ll be back to talk to you in April. Thank you.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.