Emcor Group, Inc. · NYSE:EME
Emcor — Q3 2026 Earnings Presentation
12 slides from Emcor's earnings presentation, Oct 29, 2026
Slide 1: Third Quarter 2026 Earnings Call
THIRD QUARTER 2026 FINANCIAL RESULTS Third Quarter 2026 Earnings Call October 29, 2026 1
Slide 2: Forward-Looking Statements & Non-GAAP Disclosures
THIRD 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 obligation
Slide 3: EMCOR Participants
THIRD 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 – Third Quarter 2026
THIRD QUARTER 2026 FINANCIAL RESULTS EXECUTIVE SUMMARY – THIRD QUARTER 2026 Change ($ Millions, except per share information) (Unaudited) Q3 2026 Q3 2025 $ % Revenues $ 5,542 $ 4,302 $ 1,240 28.8% Operating Income (GAAP) $ 546 $ 406 $ 140 34.5% Operating Margin (GAAP) 9.8% 9.4% Operating Income (Non
Slide 5: Remaining Performance Obligations
THIRD QUARTER 2026 FINANCIAL RESULTS REMAINING PERFORMANCE OBLIGATIONS » Diverse RPOs of $18.57B; +$5.96B year-over-year and +$5.32B from Dec. 2025 By Market Sector ($ Millions) (Unaudited) By Segment ($ Millions) (Unaudited) $20,000 $20,000 $18,573 $18,573 $18,000 $18,000 $16,000 $16,000 $14,000 $1
Slide 6: Third Quarter – Revenues
THIRD QUARTER 2026 FINANCIAL RESULTS THIRD QUARTER – REVENUES » Record quarterly revenues of $5.54 billion Variance from Third Quarter 2025 ($ Millions) (Unaudited) Q3 2026 $ % United States Electrical Construction & Facilities Services $ 1,854.9 $ 569.7 44.3% United States Mechanical Construction &
Slide 7: Third Quarter – Operating Income
THIRD QUARTER 2026 FINANCIAL RESULTS THIRD QUARTER – OPERATING INCOME » Operating Income of $545.8M +$140.1M y-o-y; Operating Margin of 9.8% +40 bps y-o-y » Non-GAAP Operating Income of $579.8M +$174.1M y-o-y; Non-GAAP Operating Margin of 10.5% +110 bps y-o-y 2 2 Variance from Third Quarter 2025 ($
Slide 8: Key Financial Data – Income Statement
THIRD QUARTER 2026 FINANCIAL RESULTS KEY FINANCIAL DATA – INCOME STATEMENT ($ Thousands, except per share information) (Unaudited) For the Quarters Ended September 30, Variance 2026 2025 $ % Revenues $ 5,541,520 $ 4,301,529 $ 1,239,991 28.8% Gross Profit 1,108,218 835,313 272,905 32.7% 20.0% 19.4% S
Slide 9: Key Financial Data – Income Statement
THIRD QUARTER 2026 FINANCIAL RESULTS KEY FINANCIAL DATA – INCOME STATEMENT ($ Thousands, except per share information) (Unaudited) For the Nine Months Ended September 30, Variance 2026 2025 $ % Revenues $ 15,324,645 $ 12,473,301 $ 2,851,344 22.9% Gross Profit 2,994,547 2,391,802 602,745 25.2% 19.5%
Slide 10: Key Financial Data – Balance Sheet
THIRD QUARTER 2026 FINANCIAL RESULTS KEY FINANCIAL DATA – BALANCE SHEET ($ Thousands) (Unaudited) September 30, December 31, 2026 2025 Cash $ 774,752 $ 1,111,968 Working Capital $ 1,025,074 $ 1,072,405 Goodwill $ 1,711,905 $ 1,412,414 Identifiable Intangible Assets, Net $ 1,441,074 $ 1,108,828 Total
Slide 11: 2026 Guidance and Summary
THIRD QUARTER 2026 FINANCIAL RESULTS 2026 GUIDANCE AND SUMMARY Current Guidance (10/29/26) Previous Guidance (7/30/26) Revenues $20.6 billion – $21.0 billion $20.0 billion – $20.5 billion 1 Non-GAAP Operating Margin ~10% 9.5% – 9.8% 1 Non-GAAP Diluted EPS $34.50 – $35.50 $32.00 – $33.25 » Updated gu
Slide 12: Capital Allocation Trends
THIRD QUARTER 2026 FINANCIAL RESULTS CAPITAL ALLOCATION TRENDS EMCOR Capital Allocation by Year (%) 100% 4.9% 90% 13.2% 33.2% 32.5% 80% 36.7% 38.1% 43.5% 49.3% 51.7% ~50% 70% 61.7% 58.5% 2.5% 3.8% 60% 7.5% 79.0% 6.4% 6.9% 9.7% 4.5% 50% 13.6% 7.7% 9.2% 7.4% 40% 81.9% 23.4% 5.2% 5.3% 9.6% 21.0% 9.0% 3