Emcor Group, Inc. · NYSE:EME
Emcor — Q1 2026 Earnings Presentation
11 slides from Emcor's earnings presentation, Apr 29, 2026
Slide 1: First Quarter 2026 Earnings Call
FIRST QUARTER 2026 FINANCIAL RESULTS FIRST QUARTER 2026 EARNINGS CALL APRIL 29, 2026 1
Slide 2: Forward-Looking Statements & Non-GAAP Disclosures
FIRST 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
FIRST 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 – First Quarter 2026
FIRST QUARTER 2026 FINANCIAL RESULTS EXECUTIVE SUMMARY – FIRST QUARTER 2026 Change ($ Millions, except per share information) (Unaudited) Q1 2026 Q1 2025 $ % Revenues $ 4,628 $ 3,867 $ 761 19.7% Operating Income $ 404 $ 319 $ 85 26.7% Operating Margin 8.7% 8.2% Non-GAAP Operating Income1 $ 404 $ 328
Slide 5: Remaining Performance Obligations
FIRST QUARTER 2026 FINANCIAL RESULTS REMAINING PERFORMANCE OBLIGATIONS » Diverse RPOs of $15.62B; +$3.87B year-over-year and +$2.37B from Dec. 2025 By Market Sector ($ Millions) (Unaudited) By Segment ($ Millions) (Unaudited) $17,000 $17,000 $16,000 $15,621 $16,000 $15,621 $15,000 $15,000 $14,000 $1
Slide 6: First Quarter – Revenues
FIRST QUARTER 2026 FINANCIAL RESULTS FIRST QUARTER – REVENUES » Record quarterly revenues of $4.63 billion Variance from First Quarter 2025 ($ Millions) (Unaudited) Q1 2026 $ % United States Electrical Construction & Facilities Services $ 1,447.4 $ 359.6 33.1% United States Mechanical Construction &
Slide 7: First Quarter – Operating Income
FIRST QUARTER 2026 FINANCIAL RESULTS FIRST QUARTER – OPERATING INCOME » Operating Income of $403.8 million or 8.7% of revenues; +$85.1 million year-over-year Variance from First Quarter 2025 ($ Millions) (Unaudited) Q1 2026 $ % United States Electrical Construction & Facilities Services $ 174.5 $ 38
Slide 8: Key Financial Data – Income Statement
FIRST QUARTER 2026 FINANCIAL RESULTS KEY FINANCIAL DATA – INCOME STATEMENT ($ Thousands, except per share information) (unaudited) For the Quarter Ended March 31, Variance 2026 2025 $ % Revenues $ 4,628,233 $ 3,867,372 $ 760,861 19.7% Gross Profit 863,950 722,718 141,232 19.5% 18.7% 18.7% Selling, G
Slide 9: Key Financial Data – Balance Sheet
FIRST QUARTER 2026 FINANCIAL RESULTS KEY FINANCIAL DATA – BALANCE SHEET ($ Thousands) (unaudited) March 31, December 31, 2026 2025 Cash $ 916,420 $ 1,111,968 Working Capital $ 1,252,994 $ 1,072,405 Goodwill $ 1,433,937 $ 1,412,414 Identifiable Intangible Assets, Net $ 1,089,866 $ 1,108,828 Total Deb
Slide 10: 2026 Guidance and Summary
FIRST QUARTER 2026 FINANCIAL RESULTS 2026 GUIDANCE AND SUMMARY 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 » Record Remaining Perfo
Slide 11: Capital Allocation Trends
FIRST 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% 49.1% ~50% 46.5% 51.7% 70% 61.7% 58.5% 2.5% 60% 7.5% 79.0% 6.4% 9.7% 50% 4.8% 13.6% 7.7% 10.0% 7.4% 10.0% 40% 81.9% 23.4% 5.2% 5.3% 9.6% 21.0% 9.0% 16.2