Business
EMCOR Group, Inc. Reports First Quarter 2026 Results
NORWALK, Conn., April 29, 2026--EMCOR Group, Inc. (NYSE: EME) today reported results for the first quarter ended March 31, 2026.
About this update from Emcor Group, Inc.
Record Quarterly Revenues of $4.63 billion, 19.7% Increase Year-over-Year First Quarter Diluted EPS of $6.84, 30.0% Increase Year-over-Year Record Remaining Performance Obligations of $15.62 billion, 32.9% Increase Year-over-Year Increases 2026 Revenue Guidance Range to $18.50 billion - $19.25 billion from $17.75 billion - $18.50 billion Increases 2026 Diluted EPS Guidance Range to $28.25 - $29.75 from $27.25 - $29.25 NORWALK, Conn., April 29, 2026--(BUSINESS WIRE)--EMCOR Group, Inc. (NYSE: EME) today reported results for the first quarter ended March 31, 2026. First Quarter 2026 Results of Operations For the first quarter of 2026, revenues totaled a quarterly record of $4.63 billion, an increase of 19.7%, compared to $3.87 billion for the first quarter of 2025. On an organic basis, when adjusting for incremental acquisition contribution and the impact of the sale of the Company's United Kingdom operations, first quarter revenues increased by 16.8%. Net income for the first quarter of 2026 was $305.5 million, or $6.84 per diluted share, compared to net income of $240.7 million, or $5.26 per diluted share, for the first quarter of 2025. Net income for the first quarter of 2025 included $9.4 million, or $6.9 million after taxes, of transaction related costs associated with the acquisition of Miller Electric Company. Excluding these transaction costs, non-GAAP net income for the first quarter of 2025 was $247.6 million, or $5.41 per diluted share. Operating income for the first quarter of 2026 was $403.8 million, or 8.7% of revenues, compared to operating income of $318.8 million, or 8.2% of revenues, for the first quarter of 2025. Excluding the previously referenced transaction costs, non-GAAP operating income for the first quarter of 2025 was $328.1 million, or 8.5% of revenues. Operating income included depreciation and amortization expense (inclusive of amortization of identifiable intangible assets) of $52.6 million and $41.9 million for the first quarter of 2026 and 2025, respectively. Refer to the attached tables for a reconciliation of non-GAAP revenue growth, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, and non-GAAP diluted earnings per share to the comparable GAAP measures. Selling, general and administrative expenses for the first quarter of 2026 totaled $460.1 million, or 9.9% of revenues, compared to $404.0 mill...