Earnings summaries and quarterly performance for EMCOR Group.
Executive leadership at EMCOR Group.
Board of directors at EMCOR Group.
Research analysts who have asked questions during EMCOR Group earnings calls.
AT
Adam Thalhimer
Thompson, Davis & Company, Inc.
9 questions for EME
Also covers: ACM, AZZ, CX +17 more
Brent Thielman
D.A. Davidson
9 questions for EME
Also covers: AAON, ACA, APOG +27 more
AB
Adam Bubes
Goldman Sachs Group, Inc.
8 questions for EME
Also covers: ACM, CAMP, CLH +9 more
BB
Brian Brophy
Stifel Financial Corp
7 questions for EME
Also covers: CTOS, ECG, EVR +12 more
AJ
Avi Jaroslawicz
UBS Group
6 questions for EME
Also covers: CNH, CTRI, HEES +4 more
JH
Justin Hauke
Robert W. Baird & Co.
6 questions for EME
Also covers: ABM, BBCP, BWMN +10 more
AD
Alexander Dwyer
KeyBanc Capital Markets
3 questions for EME
Also covers: FIX, PRIM, PSN
Sam Kusswurm
William Blair & Company
2 questions for EME
Also covers: BCO, ICFI, MEG
Samuel Snyder
Northcoast Research
2 questions for EME
Also covers: AOS, FIX, WSO
SJ
Sangita Jain
KeyBanc Capital Markets
2 questions for EME
Also covers: ACM, CTRI, DY +10 more
TM
Tim Mulrooney
William Blair
2 questions for EME
Also covers: ABM, APG, BV +9 more
BR
Brian Russo
Jefferies
1 question for EME
Also covers: AEE, ALE, AVA +9 more
Recent press releases and 8-K filings for EME.
EMCOR Group Reports Record Q4 and Full Year 2025 Financial Results, Provides 2026 Guidance
EME
Earnings
Guidance Update
Revenue Acceleration/Inflection
- EMCOR Group reported record revenues, operating income, and diluted EPS for both Q4 2025 and full year 2025.
- For Q4 2025, revenues reached $4.51 billion, an increase of 19.7% year-over-year, with diluted EPS of $9.68, up 53.2%.
- For full year 2025, revenues were $16.986 billion, a 16.6% increase, and diluted EPS was $28.19, up 31.0%.
- The company ended 2025 with record Remaining Performance Obligations of $13.25 billion, an increase of 31% year-over-year.
- EMCOR Group provided 2026 guidance, projecting revenues between $17.75 billion and $18.50 billion, and diluted EPS between $27.25 and $29.25.
1 day ago
EMCOR Group Reports Record Q4 and Full-Year 2025 Results, Details Strategic Acquisitions and Shareholder Returns
EME
Earnings
Guidance Update
M&A
- EMCOR Group achieved record full-year 2025 results, with revenues of $16.99 billion, an adjusted operating margin of 9.4%, and adjusted diluted earnings per share of $25.87, marking a 20% increase from 2024.
- Q4 2025 saw revenues grow 19.7% to $4.5 billion and adjusted diluted earnings per share rise 13.8% to $7.19, driven by strong performance in Electrical and Mechanical Construction segments, particularly in data center projects.
- Strategically, EMCOR completed its largest acquisition, Miller Electric, and nine other companies, while divesting its U.K. business; it also returned capital through nearly $600 million in share repurchases and an increased quarterly dividend of $0.40 per share.
- The company provided a 2026 revenue growth outlook of 4.5% to 9% (effectively 7.5% to 12% organically) and anticipates operating margins around 9.4%, with a robust and diverse M&A pipeline.
1 day ago
EMCOR Group Reports Record Q4 and Full-Year 2025 Results, Provides 2026 Guidance
EME
Earnings
Guidance Update
M&A
- EMCOR Group reported record revenues of $4.5 billion for Q4 2025, a 19.7% increase, and record adjusted diluted earnings per share of $7.19. For the full year 2025, the company achieved record adjusted revenues of nearly $17 billion and record adjusted diluted EPS of $25.87, up 20% from 2024.
- Remaining Performance Obligations (RPOs) reached a record $13.25 billion by December 2025, significantly up from $10.1 billion, driven by a nearly 60% year-over-year increase in Network and Communications RPOs to $4.46 billion.
- The company pursued a balanced capital allocation strategy in 2025, completing its largest acquisition, Miller Electric, and nine other companies, totaling over $1 billion in acquisition spend. It also repurchased approximately $580 million in shares and increased its quarterly dividend to $0.40 per share.
- For 2026, EMCOR Group provided guidance expecting revenues between $17.75 billion and $18.5 billion, diluted earnings per share from $27.25 to $29.25, and a full-year operating margin of 9% to 9.4%.
1 day ago
EMCOR Group Reports Record Q4 and Full-Year 2025 Results, Provides 2026 Guidance
EME
Earnings
Guidance Update
M&A
- EMCOR Group reported strong Q4 2025 revenues of $4.5 billion and adjusted diluted EPS of $7.19, a 13.8% increase year-over-year. For the full year 2025, the company achieved record revenues of nearly $17 billion and record adjusted diluted EPS of $25.87, a 20% increase from 2024.
- Remaining Performance Obligations (RPOs) grew to $13.25 billion by year-end 2025, up from $10.1 billion, with Network and Communications RPOs increasing by nearly 60% year-over-year to $4.46 billion, driven by strong data center demand.
- The company completed the acquisition of Miller Electric, its largest acquisition to date, along with nine other companies, and divested its UK business. EMCOR also repurchased almost $600 million in shares and increased its quarterly dividend to $0.40 per share.
- For 2026, EMCOR Group projects revenues between $17.75 billion and $18.5 billion and diluted earnings per share of $27.25 to $29.25, with a full-year operating margin of 9% to 9.4%. The revenue guidance is expected to be largely organic, with acquisitions offsetting the UK divestiture.
1 day ago
EMCOR Group Reports Record Q4 and Full-Year 2025 Results, Issues 2026 Guidance
EME
Earnings
Guidance Update
M&A
- EMCOR Group, Inc. reported record quarterly revenues of $4.51 billion and record full-year revenues of $16.99 billion for 2025.
- The company also achieved record quarterly diluted EPS of $9.68 and record full-year diluted EPS of $28.19 for 2025.
- Remaining Performance Obligations reached a record $13.25 billion as of December 31, 2025, representing a 31.2% increase year-over-year.
- For full year 2026, EMCOR expects revenues between $17.75 billion and $18.50 billion and diluted EPS between $27.25 and $29.25.
| Metric | Q4 2025 | FY 2025 | FY 2026 Guidance |
|---|---|---|---|
| Revenues ($USD Millions) | $4,513.121 | $16,986.422 | $17,750 - $18,500 |
| Diluted EPS ($USD) | $9.68 | $28.19 | $27.25 - $29.25 |
1 day ago
EMCOR Group, Inc. Reports Record Q4 and Full Year 2025 Results, Provides 2026 Guidance
EME
Earnings
Guidance Update
Revenue Acceleration/Inflection
- EMCOR Group, Inc. reported record revenues of $4.51 billion for the fourth quarter of 2025 and $16.99 billion for the full year 2025, representing increases of 19.7% and 16.6% respectively compared to the prior year periods.
- The company achieved record diluted EPS of $9.68 for the fourth quarter of 2025 and $28.19 for the full year 2025. Non-GAAP diluted EPS was $7.19 for Q4 2025 and $25.87 for full year 2025.
- Remaining Performance Obligations (RPOs) reached a record $13.25 billion as of December 31, 2025, marking a 31.2% increase year-over-year.
- For full year 2026, EMCOR Group, Inc. provided guidance for revenues between $17.75 billion and $18.50 billion and diluted EPS between $27.25 and $29.25.
1 day ago
EMCOR Group Reports Strong 2025 Financials and Outlines Capital Allocation Strategy
EME
Earnings
Dividends
Share Buyback
- EMCOR Group operates a broad construction and services platform, with Construction Services accounting for approximately 72% of its 2025 revenue, Building Services for 21%, and Industrial Services for 7%.
- The company is strategically positioned to capitalize on long-term megatrends such as data centers, reshoring, and energy transition, serving diverse and resilient sectors including high-tech manufacturing and healthcare.
- For the year ended December 31, 2025, EMCOR reported GAAP diluted earnings per common share of $28.19 and a GAAP operating margin of 10.1%.
- EMCOR maintains a balanced capital allocation strategy, including business reinvestment and shareholder returns, highlighted by approximately $681 million remaining on its share repurchase authorization and a 60% increase in its quarterly dividend to $0.40 per share commencing Q1 2026.
1 day ago
EMCOR Group Discusses Growth Drivers, Margin Expansion, and Capital Allocation at Baird Conference
EME
New Projects/Investments
Revenue Acceleration/Inflection
M&A
- EMCOR Group is experiencing significant growth, particularly in data centers (which constitute 24%-25% of revenue), high-tech manufacturing, healthcare, and water/wastewater projects. The company anticipates being "pretty busy" with data center work until 2031.
- The company's margins have improved, trending towards 10%, driven by robust demand, strong execution, and investments in prefabrication, Virtual Design Construct (VDC), and Building Information Model (BIM). These efficiency gains have resulted in revenue growing three times faster than headcount over the past five years.
- EMCOR projects its construction businesses to achieve high single-digit organic growth and its building services segment to grow 200-300 basis points above GDP. Historically, its construction segments have grown 500-600 basis points above the broader non-residential market.
- Capital allocation is balanced 50/50 between business reinvestments and shareholder returns, maintaining a low-leverage balance sheet. The M&A strategy focuses on core U.S. markets, and the company recently completed the exit of its U.K. business.
Nov 13, 2025, 2:30 PM
EMCOR discusses business strategy, margin drivers, and data center outlook at Baird Conference
EME
New Projects/Investments
M&A
Revenue Acceleration/Inflection
- EMCOR, a company of skilled tradespeople, is a project-oriented firm with a maintenance element, driven by major trends in data centers, high-tech manufacturing, healthcare, and water/wastewater.
- The company's margins have improved, trending closer to 10%, attributed to strong demand, execution, and investments in prefabrication, Virtual Design Construction (VDC), and Building Information Modeling (BIM). These investments have led to revenue growth at three times the rate of headcount growth over a five-year period (10% CAGR for revenue vs. 3% for headcount).
- EMCOR maintains a near 50/50 capital allocation balance between business reinvestments (organic growth, M&A) and shareholder returns, and recently exited its U.K. business to focus on core U.S. markets.
- Data centers constitute 24%-25% of EMCOR's revenue, with management indicating strong visibility for projects until 2031 based on hyperscaler building plans and power infrastructure demands.
Nov 13, 2025, 2:30 PM
EMCOR Group Discusses Growth Drivers, Operational Strategy, and Market Outlook
EME
New Projects/Investments
M&A
Revenue Acceleration/Inflection
- EMCOR Group is a project-oriented company focused on skilled trades, with 12,000+ projects annually. The fastest-growing projects are those over $10 million, driven by major trends such as data centers, high-tech manufacturing, healthcare, and water/wastewater. Data centers currently represent 24%-25% of EMCOR's revenue, with long-term visibility on building plans extending to 2031.
- The company attributes improved margins to strong demand, execution, and significant investments in prefabrication, Virtual Design Construction (VDC), and Building Information Modeling (BIM). These investments have enabled revenue to grow at approximately three times the rate of headcount growth over a five-year period.
- EMCOR maintains a near 50/50 balance on capital allocation between business reinvestments (organic growth and M&A) and shareholder returns (share repurchases and dividends), operating as a low-leverage company. The company recently exited its UK business and focuses M&A on US-based electrical construction, mechanical construction, mechanical services, building automation, and controls.
- Construction businesses are expected to achieve high single-digit organic growth, while the building services segment is projected to grow at GDP plus 200-300 basis points. Consolidated EMCOR has historically grown 200-300 basis points above the broader non-residential market over a five-year period.
Nov 13, 2025, 2:30 PM
Quarterly earnings call transcripts for EMCOR Group.
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