as of 11-02-2026 3:50pm EST
EMCOR Group Inc is a specialty contractor in the United States and a provider of electrical and mechanical construction and facilities services, building services, and industrial services. Its services are provided to a broad range of commercial, technology, manufacturing, industrial, healthcare, utility, and institutional customers through approximately 100 operating subsidiaries. The company's operating subsidiaries are organized into reportable segments: United States mechanical construction and facilities services, which derives key revenue; United States electrical construction and facilities services; United States building services; United States industrial services; and United Kingdom building services. Geographically, its key revenue is derived from the United States.
| Founded: | 1987 | Country: | United States |
| Employees: | 25000 | City: | NORWALK |
| Market Cap: | 32.7B | IPO Year: | 1994 |
| Target Price: | $940.50 | AVG Volume (30 days): | 384.6K |
| Analyst Decision: | Buy | Number of Analysts: | 11 |
| Dividend Yield: | Dividend Payout Frequency: | quarterly | |
| EPS: | 24.93 | EPS Growth: | 30.99 |
| 52 Week Low/High: | $564.92 - $951.96 | Next Earning Date: | 10-29-2026 |
| Revenue: | $16,986,422,000 | Revenue Growth: | 16.62% |
| Revenue Growth (this year): | 21.88% | Revenue Growth (next year): | 12.68% |
| P/E Ratio: | 27.26 | Index: | |
| Free Cash Flow: | 1.2B | FCF Growth: | +29.03% |
Director
Avg Cost/Share
$736.79
Shares
2
Total Value
$1,473.58
Owned After
13,562
SEC Form 4
| Insider | Ticker | Relationship | Date | Transaction | Avg Cost | Shares | Total Value | Owned After | SEC Forms |
|---|---|---|---|---|---|---|---|---|---|
| MCEVOY M KEVIN | EME | Director | Sep 1, 2026 | Buy | $736.79 | 2 | $1,473.58 | 13,562 |
SEC 8-K filings with transcript text
Oct 29, 2026 · 100% conf.
1D
-1.64%
$676.57
Act: -1.40%
5D
-2.81%
$668.51
20D
-0.10%
$687.19
2 eme-ex991_2026930xq3.htm
Document
News Release
Lucas Sullivan
Director
Financial Planning & Analysis
(203) 849-7938
FTI Consulting, Inc. Investors: Blake Mueller (718) 578-3706
Revenues of $5.54 billion, 28.8% Increase Year-over-Year
Operating Income of $545.8 million and Operating Margin of 9.8%
Non-GAAP Operating Income of $579.8 million and Non-GAAP Operating Margin of 10.5%
Diluted EPS of $9.04, 37.6% Increase Year-over-Year
Non-GAAP Diluted EPS of $9.60, 46.1% Increase Year-over-Year
Remaining Performance Obligations of $18.57 billion, 47.2% Increase Year-over-Year
Increases 2026 Revenue Guidance Range to $20.6 billion - $21.0 billion from $20.0 billion - $20.5 billion
Increases 2026 Non-GAAP Diluted EPS Guidance Range to $34.50 - $35.50 from $32.00 - $33.25
Increases Share Repurchase Program $500 million
NORWALK, CONNECTICUT, October 29, 2026 - EMCOR Group, Inc. (NYSE: EME) today reported results for the quarter ended September 30, 2026.
Third Quarter 2026 Results of Operations
For the third quarter of 2026, revenues totaled a quarterly record of $5.54 billion, an increase of 28.8%, compared to revenues of $4.30 billion for the third quarter of 2025. On an organic basis, when adjusting for incremental acquisition contribution and the impact of the sale of the Company's United Kingdom operations in 2025, third quarter revenues increased by 25.5%.
Net income for the third quarter of 2026 was $399.9 million, or $9.04 per diluted share, compared to net income of $295.4 million, or $6.57 per diluted share, for the third quarter of 2025. Net income for the third quarter of 2026 included a non-cash impairment loss on identifiable intangible assets of $34.0 million, or $24.7 million after taxes. Excluding such impairment, non-GAAP net income for the third quarter of 2026 was $424.7 million, or $9.60 per diluted share.
Operating income for the third quarter of 2026 was $545.8 million, or 9.8% of revenues, compared to operating income of $405.7 million, or 9.4% of revenues, for the third quarter of 2025. Excluding the previously referenced impairment loss, non-GAAP operating income for the third quarter of 2026 was $579.8 million, or 10.5% of revenues. Operating income included depreciation and amortization expense (inclusive of amortization of identifiable intangible assets) of $57.3 million and $47.8 million for the third quarter of 2026 and 2025, respectively.
EMCOR Reports Third Quarter 2026 ResultsPage 2
Refer to the attached tables for a reconciliation of organic revenue growth, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, and non-GAAP diluted earnings per share to the comparable GAAP measures.
Selling, general and administrative expenses for the third quarter of 2026 totaled $528.4 million, or 9.5% of revenues, compared to $429.6 million, or 10.0% of revenues, for the third quarter of 2025.
The Company's income tax rate for the third quarter of 2026 was 27.2%, compared to 27.5% for the third quarter of 2025.
Remaining performance obligations (“RPOs”) as of September 30, 2026 were a record $18.57 billion, compared to $12.61 billion as of September 30, 2025, an increase of $5.96 billion year-over-year, due to new contract awards across the majority of the sectors in which the Company operates. The most significant RPO growth occurred within the Network and Communications market sector as mission critical facilities continue to require substantial electrical infrastructure and increasingly sophisticated cooling systems. The Company also benefited from a broad range of customer investments across other large end markets, including the Healthcare, Water and Wastewater, Institutional, and Manufacturing and Industrial sectors.
Tony Guzzi, Chairman, President, and Chief Executive Officer of EMCOR, commented, “EMCOR delivered another quarter of exceptional growth, margin performance, operating cash flow, and capital allocation. Our strong revenue growth, coupled with excellent field execution and improved SG&A leverage, resulted in meaningful expansion of our operating margin. We continued to outgrow the broader non-residential construction market, reinforcing the depth of demand for our services."
First Nine Months 2026 Results of Operations
Revenues for the first nine months of 2026 totaled $15.32 billion, an increase of 22.9%, compared to revenues of $12.47 billion for the first nine months of 2025. On an organic basis, when adjusting for incremental acquisition contribution and the impact of the sale of the Company's United Kingdom operations in 2025, revenues for the first nine months of 2026 increased by 20.8%.
Net income for the first nine months of 2026 was $1.11 billion, or $24.93 per diluted share, compared to net income of $838.2 million, or $18.53 per diluted share, for the first nine
Jul 30, 2026 · 100% conf.
1D
-1.67%
$661.27
Act: -0.62%
5D
-2.81%
$653.56
20D
-0.10%
$671.82
2 eme-ex991_2026630xq2.htm
Document
News Release
Lucas Sullivan
Director
Financial Planning & Analysis
(203) 849-7938
FTI Consulting, Inc. Investors: Blake Mueller (718) 578-3706
Record Quarterly Revenues of $5.15 billion, 19.8% Increase Year-over-Year
Record Second Quarter Operating Income of $547.3 million and Operating Margin of 10.6%
Record Second Quarter Diluted EPS of $9.06, 34.8% Increase Year-over-Year
Record Remaining Performance Obligations of $17.14 billion, 43.9% Increase Year-over-Year
Increases 2026 Revenue Guidance Range to $20.00 billion - $20.50 billion from $18.50 billion - $19.25 billion
Increases 2026 Diluted EPS Guidance Range to $32.00 - $33.25 from $28.25 - $29.75
NORWALK, CONNECTICUT, July 30, 2026 - EMCOR Group, Inc. (NYSE: EME) today reported results for the quarter ended June 30, 2026.
Second Quarter 2026 Results of Operations
For the second quarter of 2026, revenues totaled a quarterly record of $5.15 billion, an increase of 19.8%, compared to revenues of $4.30 billion for the second quarter of 2025. On an organic basis, when adjusting for incremental acquisition contribution and the impact of the sale of the Company's United Kingdom operations, second quarter revenues increased by 19.6%.
Net income for the second quarter of 2026 was $403.7 million, or $9.06 per diluted share, compared to net income of $302.2 million, or $6.72 per diluted share, for the second quarter of 2025.
Operating income for the second quarter of 2026 was $547.3 million, or 10.6% of revenues, compared to operating income of $415.2 million, or 9.6% of revenues, for the second quarter of 2025. Operating income included depreciation and amortization expense (inclusive of amortization of identifiable intangible assets) of $54.3 million and $46.6 million for the second quarter of 2026 and 2025, respectively.
Selling, general and administrative expenses for the second quarter of 2026 totaled $475.0 million, or 9.2% of revenues, compared to $418.6 million, or 9.7% of revenues, for the second quarter of 2025.
The Company's income tax rate for the second quarter of 2026 was 26.8%, compared to 26.7% for the second quarter of 2025.
EMCOR Reports Second Quarter 2026 ResultsPage 2
Remaining performance obligations (“RPOs”) as of June 30, 2026 were a record $17.14 billion, compared to $11.91 billion as of June 30, 2025, an increase of $5.23 billion year-over-year. The Company experienced increases in RPOs within the majority of the sectors in which it operates, with the most significant growth coming from Network and Communications, Water and Wastewater, Institutional, and Healthcare.
Tony Guzzi, Chairman, President, and Chief Executive Officer of EMCOR, commented, “We had an exceptional second quarter, growing revenues nearly 20% and earning an impressive 10.6% operating margin. Our results were driven by strong performance across each of our reportable segments, which demonstrates the consistent execution, discipline, and customer focus that have defined EMCOR's success over many years. Our Remaining Performance Obligations are once again at a record level reflecting sustained demand across several key market sectors and our success in winning new business across multiple customers, geographies, and skilled trades."
First Six Months 2026 Results of Operations
Revenues for the first six months of 2026 totaled $9.78 billion, an increase of 19.7%, compared to revenues of $8.17 billion for the first six months of 2025. On an organic basis, when adjusting for incremental acquisition contribution and the impact of the sale of the Company's United Kingdom operations, revenues for the first six months of 2026 increased by 18.3%.
Net income for the first six months of 2026 was $709.2 million, or $15.89 per diluted share, compared to net income of $542.8 million, or $11.96 per diluted share, for the first six months of 2025. Net income for the first six months of 2025 included $9.4 million, or $6.9 million after taxes, of transaction related costs associated with the acquisition of Miller Electric Company. Excluding these transaction related costs, non-GAAP net income for the first six months of 2025 was $549.8 million, or $12.11 per diluted share.
Operating income for the first six months of 2026 was $951.2 million, or 9.7% of revenues, compared to operating income of $734.0 million, or 9.0% of revenues, for the first six months of 2025. Excluding the previously referenced transaction related costs, non-GAAP operating income for the first six months of 2025 was $743.3 million, or 9.1% of revenues. Operating income included depreciation and amortization expense (inclusive of amortization of identifiable intangible assets) of $106.8 million and $88.6 million for the first six months of 2026 and 2025, respectively.
Refer to the attached tables for a re
Apr 29, 2026 · 100% conf.
1D
+2.87%
$857.29
Act: +7.00%
5D
+5.35%
$877.97
Act: +13.25%
20D
+8.71%
$905.92
Act: +1.81%
2 eme-ex991_2026331xq1.htm
Document
News Release
Lucas Sullivan
Director
Financial Planning & Analysis
(203) 849-7938
FTI Consulting, Inc. Investors: Blake Mueller (718) 578-3706
Record Quarterly Revenues of $4.63 billion, 19.7% Increase Year-over-Year
First Quarter Diluted EPS of $6.84, 30.0% Increase Year-over-Year
Record Remaining Performance Obligations of $15.62 billion, 32.9% Increase Year-over-Year
Increases 2026 Revenue Guidance Range to $18.50 billion - $19.25 billion from $17.75 billion - $18.50 billion
Increases 2026 Diluted EPS Guidance Range to $28.25 - $29.75 from $27.25 - $29.25
NORWALK, CONNECTICUT, April 29, 2026 - EMCOR Group, Inc. (NYSE: EME) today reported results for the first quarter ended March 31, 2026.
First Quarter 2026 Results of Operations
For the first quarter of 2026, revenues totaled a quarterly record of $4.63 billion, an increase of 19.7%, compared to $3.87 billion for the first quarter of 2025. On an organic basis, when adjusting for incremental acquisition contribution and the impact of the sale of the Company's United Kingdom operations, first quarter revenues increased by 16.8%.
Net income for the first quarter of 2026 was $305.5 million, or $6.84 per diluted share, compared to net income of $240.7 million, or $5.26 per diluted share, for the first quarter of 2025. Net income for the first quarter of 2025 included $9.4 million, or $6.9 million after taxes, of transaction related costs associated with the acquisition of Miller Electric Company. Excluding these transaction costs, non-GAAP net income for the first quarter of 2025 was $247.6 million, or $5.41 per diluted share.
Operating income for the first quarter of 2026 was $403.8 million, or 8.7% of revenues, compared to operating income of $318.8 million, or 8.2% of revenues, for the first quarter of 2025. Excluding the previously referenced transaction costs, non-GAAP operating income for the first quarter of 2025 was $328.1 million, or 8.5% of revenues. Operating income included depreciation and amortization expense (inclusive of amortization of identifiable intangible assets) of $52.6 million and $41.9 million for the first quarter of 2026 and 2025, respectively.
Refer to the attached tables for a reconciliation of non-GAAP revenue growth, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, and non-GAAP diluted earnings per share to the comparable GAAP measures.
EMCOR Reports First Quarter 2026 ResultsPage 2
Selling, general and administrative expenses for the first quarter of 2026 totaled $460.1 million, or 9.9% of revenues, compared to $404.0 million, or 10.4% of revenues, for the first quarter of 2025.
The Company's income tax rate for the first quarter of 2026 was 25.5%, compared to 25.8% for the first quarter of 2025.
Remaining performance obligations (“RPOs”) as of March 31, 2026 were a record $15.62 billion, compared to $13.25 billion as of December 31, 2025 and $11.75 billion as of March 31, 2025. When compared to December 31, 2025, the Company experienced increased RPOs across the majority of the sectors in which it operates, with the most significant growth coming from Network and Communications, Water and Wastewater, Institutional, and Healthcare.
Tony Guzzi, Chairman, President, and Chief Executive Officer of EMCOR, commented, “We started the year well, with record quarterly revenues and strong operating performance as we experienced sustained momentum across several key market sectors and geographies. These results reflect our strategic positioning and operational excellence across our construction and services platforms while demonstrating our customers' confidence in EMCOR as a partner of choice for complex and mission-critical projects. Our Remaining Performance Obligations are again at record levels and we are pleased with the quality and diversity of our bookings during the quarter. The fundamentals of our business remain strong and we are well-positioned for the remainder of 2026."
Full-Year 2026 Guidance
Based on anticipated project mix and visibility into the remainder of the year, EMCOR now expects the following for full year 2026:
Current Guidance (4/29/26)
Previous Guidance (2/26/26)
Revenues
$18.50 billion – $19.25 billion
$17.75 billion – $18.50 billion
Operating Margin
9.0% – 9.4%
9.0% – 9.4%
Diluted EPS
$28.25 – $29.75
$27.25 – $29.25
First Quarter 2026 Earnings Conference Call Information
EMCOR Group's first quarter conference call will be broadcast live via the internet today, Wednesday, April 29, at 10:30 AM Eastern Daylight Time and can be accessed through the Company's website at www.emcorgroup.com.
About EMCOR
A Fortune 500 company and a member of the S&P 500, EMCOR Group, Inc. is a leader in mechanical and electrical construction services, industrial and energy infrastru
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