EMCOR Group (EME)
NYSE:EME
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
7.26Last Year’s EPS
6.72Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed very strong operational and financial momentum: record quarterly revenue, operating income, EPS growth, a sizable increase in RPOs and raised full-year guidance. Most segments—especially construction and data-center related businesses—delivered exceptional top-line growth. Headwinds were mostly execution- and mix-related (mechanical margin pressure, increased GMP work), temporary cash-flow seasonality, and supervisory labor constraints. On balance, the positives (robust revenue and profitability gains, healthy backlog and guidance raise) materially outweigh the manageable challenges.Company Guidance
Record Quarterly Revenue
Revenues of $4.63 billion in Q1 2026, a year-over-year increase of 19.7% (organic growth of 16.8% after adjusting for acquisitions and the EMCOR U.K. sale).
Strong Operating Income and Margin Expansion
Operating income of $403.8 million (8.7% operating margin), representing a 26.7% increase in operating income year-over-year and a 50 basis-point expansion in operating margin versus prior year; both are records for a first quarter.
Material EPS Growth
Diluted EPS of $6.84, a 30% increase year-over-year (26.4% increase excluding prior-year transaction costs).
Exceptional Construction Segment Performance
Combined construction revenues of $3.47 billion, up 30.6% year-over-year and record quarterly revenue for Electrical and Mechanical. Electrical Construction revenues grew ~33.1% with a 12.1% operating margin; Mechanical Construction revenues grew ~28.9% with a 10.9% operating margin.
Data Center / Network & Communications Tailwind
Network & Communications (data center) drove outsized growth: Electrical sector revenues in that market rose nearly 50% and Mechanical sector revenues in that market rose ~86%, supported by AI and liquid-cooling demand.
RPOs and Bookings Strength
Remaining performance obligations (RPOs) totaled $15.62 billion at quarter end, up 32.9% year-over-year and 17.9% sequentially; book-to-bill reached ~1.5x (record). Management noted ~78% of RPO expected to burn within 12 months.
Gross Profit and Operating Leverage
Gross profit of $864 million, up 19.5% year-over-year; gross margin held at 18.7% (a record level for Q1). SG&A improved to $60.1 million or 9.9% of revenues (down from 10.4% prior-year).
Balance Sheet Strength and Shareholder Returns
Cash on hand $916 million, working capital $1.25 billion. Returned $105 million to shareholders in Q1 via buybacks and dividend. Management reiterated capacity to fund organic growth, M&A and returns to shareholders.
Raised Full-Year Guidance
Management raised 2026 guidance to revenue range $18.5B–$19.25B and diluted EPS $28.25–$29.75, reflecting confidence in demand and execution.
Industrial Services Improvement
Industrial Services operating income $12.8 million, up 89.1% year-over-year; operating margin expanded to 3.3% (+140 bps), aided by stronger Field Services results (with comparability benefit vs. a prior-year credit loss allowance).
EME Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
EME Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $863.78 | $833.37 | -3.52% |
Feb 26, 2026 | $801.40 | $745.81 | -6.94% |
Oct 30, 2025 | $776.15 | $647.29 | -16.60% |
Jul 31, 2025 | $638.39 | $626.57 | -1.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does EMCOR Group (EME) report earnings?
EMCOR Group (EME) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is EMCOR Group (EME) earnings time?
EMCOR Group (EME) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EME EPS forecast?
EME EPS forecast for the fiscal quarter 2026 (Q2) is 7.26.