EME · EMCOR Group, Inc.

EMCOR Group, Inc. delivered exceptional first quarter 2026 results, achieving record revenues of $4.63 billion, a 19.7% increase year-over-year, driven by 16.8% organic growth after adjusting for acquisitions and the sale of United Kingdom operations. Organic growth reflects strong demand across key sectors. Operating income rose to $403.8 million with an 8.7% margin, up from 8.2% last year, supported by gross profit expansion to $864 million and SG&A expenses at 9.9% of revenues, down from 10.4%. Net income reached $305.5 million, yielding diluted EPS of $6.84, a 30% increase. RPOs hit a record $15.62 billion, up 32.9% YoY and from $13.25 billion at year-end 2025, with notable growth in Network and Communications, Water and Wastewater, Institutional, and Healthcare sectors, signaling robust backlog visibility. CEO Tony Guzzi highlighted sustained momentum, strategic positioning, operational excellence, and customer confidence in complex projects. The company raised full-year 2026 guidance, lifting revenue outlook to $18.50-$19.25 billion from $17.75-$18.50 billion and diluted EPS to $28.25-$29.75 from $27.25-$29.25, while maintaining operating margin at 9.0%-9.4%. Segment performance showed strength across U.S. electrical (12.1% margin), mechanical (10.9%), building services (5.2%), and industrial services (3.3%), with no UK contribution post-sale. Balance sheet remains solid with $916 million in cash, down from $1.1 billion year-end due to working capital needs, share repurchases, and dividends.