Emcor Group, Inc. · NYSE:EME
Emcor — Q2 2025 Earnings Presentation
13 slides from Emcor's earnings presentation, Jul 31, 2025
Slide 1: Second Quarter 2025 Earnings Call
Second Quarter 2025 Earnings Call July 31, 2025
Slide 2: Forward-Looking Statements and Non-GAAP Financial Disclosures
SECOND QUARTER 2025 FINANCIAL RESULTS FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL DISCLOSURES Forward-Looking Statements This presentation and related press release contain forward-looking statements. Such statements speak only as of the date on the cover of this slide deck, and EMCOR assumes
Slide 3: EMCOR Participants
SECOND QUARTER 2025 FINANCIAL RESULTS EMCOR PARTICIPANTS Tony Guzzi Chairman, President, & Chief Executive Officer Jason Nalbandian SVP & Chief Financial Officer Maxine Mauricio EVP, Chief Administrative Officer, & General Counsel Andy Backman VP, Investor Relations 3
Slide 4: Executive Summary – Second Quarter 2025
SECOND QUARTER 2025 FINANCIAL RESULTS EXECUTIVE SUMMARY – SECOND QUARTER 2025 ($ Millions, except per share information) (Unaudited) 2Q25 2Q24 Change ($) Change (%) Revenues $4,304 $3,667 $637 17.4% Operating Income $415 $333 $82 24.8% Operating Margin 9.6% 9.1% Diluted EPS $6.72 $5.25 $1.47 28.0% »
Slide 5: Remaining Performance Obligations
SECOND QUARTER 2025 FINANCIAL RESULTS REMAINING PERFORMANCE OBLIGATIONS » Diverse RPOs of $11.91 billion; +$2.92 billion Y/Y* By Segment ($ Millions) (Unaudited) By Market Sector ($ Millions) (Unaudited) $13,000 $13,000 $12,000 $11,914 $12,000 $11,914 $11,000 $11,000 $10,102 $10,102 $10,000 $10,000
Slide 6: Second Quarter – Revenues
SECOND QUARTER 2025 FINANCIAL RESULTS SECOND QUARTER – REVENUES » Record consolidated quarterly revenues of $4.30 billion Variance from Second Quarter 2024 ($ Millions) (Unaudited) 2Q25 $ % U.S. Electrical Construction & Facilities Services $ 1,340.2 $ 540.2 67.5% U.S. Mechanical Construction & Faci
Slide 7: Second Quarter – Operating Income
SECOND QUARTER 2025 FINANCIAL RESULTS SECOND QUARTER – OPERATING INCOME » $415.2 million or 9.6% of revenues; +$82.4 million Y/Y Variance from Second Quarter 2024 ($ Millions) (Unaudited) 2Q25 $ % U.S. Electrical Construction & Facilities Services $ 157.7 $ 69.1 78.0% U.S. Mechanical Construction &
Slide 8: Key Financial Data – Income Statement
SECOND QUARTER 2025 FINANCIAL RESULTS KEY FINANCIAL DATA – INCOME STATEMENT ($ Thousands, except per share information) (Unaudited) For the Quarter Ended June 30, Variance 2025 2024 $ % Revenues $ 4,304,400 $ 3,666,897 $ 637,503 17.4% Gross Profit 833,771 684,001 149,770 21.9% 19.4% 18.7% Selling, G
Slide 9: Key Financial Data – Income Statement
SECOND QUARTER 2025 FINANCIAL RESULTS KEY FINANCIAL DATA – INCOME STATEMENT ($ Thousands, except per share information) (Unaudited) For the Six Months Ended June 30, Variance 2025 2024 $ % Revenues $ 8,171,772 $ 7,099,173 $ 1,072,599 15.1% Gross Profit 1,556,489 1,273,310 283,179 22.2% 19.0% 17.9% S
Slide 10: Key Financial Data – Balance Sheet
SECOND QUARTER 2025 FINANCIAL RESULTS KEY FINANCIAL DATA – BALANCE SHEET ($ Thousands) (Unaudited) 06/30/25 12/31/24 Cash $ 485,988 $ 1,339,550 Working Capital $ 782,108 $ 1,235,326 Goodwill $ 1,351,824 $ 1,018,415 Identifiable Intangible Assets, Net $ 1,082,028 $ 648,180 Total Debt (excludes operat
Slide 11: 2025 Guidance and Summary
SECOND QUARTER 2025 FINANCIAL RESULTS 2025 GUIDANCE AND SUMMARY Current Guidance (7/31/25) Previous Guidance (4/30/25) Revenues $16.4 billion – $16.9 billion $16.1 billion - $16.9 billion Operating Margin 9.0% - 9.4% 8.5% - 9.2% Non-GAAP Diluted EPS* $24.50 – $25.75 $22.65 - $24.00 » Outlook support
Slide 12: Capital Allocation Trends
SECOND QUARTER 2025 FINANCIAL RESULTS CAPITAL ALLOCATION TRENDS EMCOR Capital Allocation by Year (%) 100% 4.9% 90% 24.4% 13.2% 31.0% 80% 36.7% 38.1% ~50% 45.1% 49.3% 51.7% 5.0% 70% 61.7% 58.5% 1.6% 10.3% 3.9% 60% 7.5% 79.0% 9.7% 4.6% 50% 13.6% 7.7% 9.5% 7.4% 40% 81.9% 23.4% 5.2% 5.3% 9.6% 21.0% 9.0%
Slide 13: Second Quarter 2025 Earnings Call
SECOND QUARTER 2025 FINANCIAL RESULTS Second Quarter 2025 Earnings Call July 31, 2025 13