Slide 1: Second Quarter 2026 Earnings Call
SECOND QUARTER 2026 FINANCIAL RESULTS SECOND QUARTER 2026 EARNINGS CALL JULY 30, 2026 1
Slide 2: Forward-Looking Statements & Non-GAAP Disclosures
SECOND QUARTER 2026 FINANCIAL RESULTS FORWARD-LOOKING STATEMENTS & NON-GAAP 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 no obligatio
Slide 3: EMCOR Participants
SECOND QUARTER 2026 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 Lucas Sullivan Director, Financial Planning & Analysis 3
Slide 4: Executive Summary – Second Quarter 2026
SECOND QUARTER 2026 FINANCIAL RESULTS EXECUTIVE SUMMARY – SECOND QUARTER 2026 Change ($ Millions, except per share information) (Unaudited) Q2 2026 Q2 2025 $ % Revenues $ 5,155 $ 4,304 $ 851 19.8% Operating Income $ 547 $ 415 $ 132 31.8% Operating Margin 10.6% 9.6% Diluted EPS $ 9.06 $ 6.72 $ 2.34 3
Slide 5: Remaining Performance Obligations
SECOND QUARTER 2026 FINANCIAL RESULTS REMAINING PERFORMANCE OBLIGATIONS » Diverse RPOs of $17.14B; +$5.23B year-over-year and +$3.89B from Dec. 2025 By Market Sector ($ Millions) (Unaudited) By Segment ($ Millions) (Unaudited) $18,000 $18,000 $17,143 $17,143 $16,000 $16,000 $14,000 $13,254 $14,000 $
Slide 6: Second Quarter – Revenues
SECOND QUARTER 2026 FINANCIAL RESULTS SECOND QUARTER – REVENUES » Record quarterly revenues of $5.15 billion Variance from Second Quarter 2025 ($ Millions) (Unaudited) Q2 2026 $ % United States Electrical Construction & Facilities Services $ 1,662.5 $ 322.3 24.0% United States Mechanical Constructio
Slide 7: Second Quarter – Operating Income
SECOND QUARTER 2026 FINANCIAL RESULTS SECOND QUARTER – OPERATING INCOME » Operating Income of $547.3 million; +$132.1 million year-over-year » Operating Margin of 10.6%; +100 basis points year-over-year Variance from Second Quarter 2025 ($ Millions) (Unaudited) Q2 2026 $ % United States Electrical C
Slide 8: Key Financial Data – Income Statement
SECOND QUARTER 2026 FINANCIAL RESULTS KEY FINANCIAL DATA – INCOME STATEMENT ($ Thousands, except per share information) (Unaudited) For the Quarters Ended June 30, Variance 2026 2025 $ % Revenues $ 5,154,892 $ 4,304,400 $ 850,492 19.8% Gross Profit 1,022,379 833,771 188,608 22.6% 19.8% 19.4% Selling
Slide 9: Key Financial Data – Income Statement
SECOND QUARTER 2026 FINANCIAL RESULTS KEY FINANCIAL DATA – INCOME STATEMENT ($ Thousands, except per share information) (Unaudited) For the Six Months Ended June 30, Variance 2026 2025 $ % Revenues $ 9,783,125 $ 8,171,772 $ 1,611,353 19.7% Gross Profit 1,886,329 1,556,489 329,840 21.2% 19.3% 19.0% S
Slide 10: Key Financial Data – Balance Sheet
SECOND QUARTER 2026 FINANCIAL RESULTS KEY FINANCIAL DATA – BALANCE SHEET ($ Thousands) (Unaudited) June 30, December 31, 2026 2025 Cash $ 924,411 $ 1,111,968 Working Capital $ 1,446,579 $ 1,072,405 Goodwill $ 1,457,924 $ 1,412,414 Identifiable Intangible Assets, Net $ 1,078,045 $ 1,108,828 Total Deb
Slide 11: M&A Update
SECOND QUARTER 2026 FINANCIAL RESULTS M&A UPDATE Closed April 2026 Closed July 2026 Closed July 2026 Definitive agreements signed; anticipated closing in Q3 2026 E N H A N C E D C A P A B I L I TI E S I N K E Y G E O GR A PHI E S C O M B I N E D T R A N S A C T I ON M E T R I C S ~$625M ~$105M B&B E
Slide 12: Capital Allocation Trends
SECOND QUARTER 2026 FINANCIAL RESULTS CAPITAL ALLOCATION TRENDS EMCOR Capital Allocation by Year (%) 100% 4.9% 90% 13.2% 36.7% 33.2% 80% 38.1% 49.3% 47.3% 51.7% ~50% 70% 61.7% 58.5% 58.5% 2.5% 60% 7.5% 79.0% 6.4% 9.7% 50% 13.6% 4.9% 7.7% 7.4% 10.1% 40% 81.9% 23.4% 5.2% 5.3% 9.6% 7.8% 21.0% 9.0% 30%
Slide 13: 2026 Guidance and Summary
SECOND QUARTER 2026 FINANCIAL RESULTS 2026 GUIDANCE AND SUMMARY Current Guidance (7/30/26) Previous Guidance (4/29/26) Revenues $20.00 billion – $20.50 billion $18.50 billion – $19.25 billion Operating Margin 9.5% – 9.8% 9.0% – 9.4% Diluted EPS $32.00 – $33.25 $28.25 – $29.75 » Updated 2026 guidance