EMCOR Group, Inc. Earnings Recaps
Q1 2026
May 1, 2026
EMCOR shares gained 3.2% following first quarter 2026 results, as revenues, margins, and RPOs exceeded expectations, driven by rapid expansion across Electrical and Mechanical Construction—particularly in data center and infrastructure markets.
Key takeaways
- Revenue grew 19.7% year-over-year to $4.63 billion; organic growth was 16.8%.
- Operating income reached $404 million; operating margin was 8.7%. Diluted EPS rose to $6.84, up 30%.
- Electrical Construction revenue surged 33.1%, with 12.1% operating margin; Mechanical Construction revenue grew 28.9% at a 10.9% margin.
- Remaining performance obligations (RPOs) increased 32.9% year-over-year to $15.62 billion, reflecting strong data center and infrastructure demand.
- Site-based U.S. Building Services faced slight revenue headwinds, though restructuring reduced overhead and improved profitability in the segment’s contract mix.
Q3 2025
Nov 1, 2025
EMCOR Group reported strong third-quarter 2025 results, with revenues of $4.3 billion and diluted earnings per share of $6.57, marking a 16.4% year-over-year revenue growth and exceptional operating margins.
Key takeaways
- Generated $475.5 million in operating cash flow, contributing to a robust financial position.
- Remaining performance obligations (RPOs) reached a record $12.6 billion, up 29% year-over-year, driven largely by organic growth in key sectors like data centers and healthcare.
- Achieved a book-to-bill ratio of 1.16, reflecting solid demand across construction segments.
- Share repurchases amounted to over $430 million YTD, alongside $900 million allocated for acquisitions, underscoring a disciplined capital allocation strategy.
- Anticipated completion of UK business sale by year-end, subject to regulatory approval, as part of strategic repositioning.