CONSOLIDATED STATEMENTS OF OPERATIONS The accompanying notes to consolidated financial statements are an integral part of these statements. (In thousands, except per share data)  For the years ended December 31, 2001 2000 1999 Revenues $ 3,419,854 $ 3,460,204 $ 2,893,962 Cost of sales 3,028,031 3,102,387 2,598,055 Gross profit 391,823 357,817 295,907 Selling, general and administrative expenses 303,141 278,892 237,816 Operating income 88,682 78,925 58,091 Interest expense (4,795) (9,705) (10,520) Interest income 5,587 2,367 2,107 Income before income taxes 89,474 71,587 49,678 Income tax provision 39,462 31,498 21,857 Net income $ 50,012 $ 40,089 $ 27,821 Basic earnings per share $ 3.86 $ 3.84 $ 2.86 Diluted earnings per share $ 3.40 $ 2.95 $ 2.21 27 EMCOR ANNUAL REPORT 2001 