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EMCOR Group (EME)
NYSE:EME
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
5.85Last Year’s EPS
5.41Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strongly positive operating and financial picture with record 2025 revenues, margins, EPS and cash generation, substantial backlog growth (RPOs), successful large-scale M&A (Miller) and sizable returns to shareholders. Operational challenges were acknowledged — including some margin compression from new-territory project start-ups, increased SG&A and noncash amortization from acquisitions, and a near-term revenue headwind from the U.K. divestiture. Management emphasized diversified demand, multi-year data center visibility, disciplined capital allocation and confidence in sustaining productivity gains. Overall, the positives (record results, strong backlog, cash generation, and strategic positioning) materially outweigh the limited execution and accounting headwinds cited.Company Guidance
Quarterly Revenue and Earnings Growth
Q4 revenues of $4.5 billion, up 19.7% year-over-year; adjusted diluted EPS of $7.19, up 13.8% YoY; adjusted operating income of $440 million, up 13.1% YoY; adjusted operating margin for the quarter of 9.7%.
Record Full-Year Financial Performance
Full year 2025 record revenues of $16.99 billion, record adjusted full-year operating margin of 9.4%, and record adjusted diluted EPS of $25.87 (up 20% vs. 2024); operating cash flow of $1.3 billion and cash conversion in excess of 80%.
Strong Construction Segment Results
Full-year mechanical and electrical construction operating margins of 12.8% and 12.1%, respectively; those segments grew revenues by 10.1% (mechanical) and 51.8% (electrical) as reported by management.
Robust RPO Backlog and Data Center Momentum
Reported funded backlog (RPOs) increased to $13.254 billion from $10.1 billion; RPOs up ~17.6% organically YoY (management commentary); network & communications RPOs hit a record $4.46 billion, up roughly $1.65 billion (~60% YoY), with multi-year visibility for data center capex.
Diverse End-Market Strength
Notable RPO increases by sector: Institutional up ~40% to $1.55B; Manufacturing & Industrial up ~23% to $1.1B; Water & Wastewater up nearly 60% (+$408.5M) to ~$1.1B; hospitality & entertainment RPOs more than doubled YoY—demonstrating diversification beyond data centers.
Strategic M&A and Integration
Completed largest acquisition in company history (Miller Electric) and 9 other companies; management reports Miller integration on track and acquisitions are platform-enhancing—supporting growth in Southeast and Texas.
Shareholder Returns and Capital Allocation
Repurchased roughly $580M of shares in the year (Q4 repurchases ~$155M) and repurchased almost $600M (management comment); increased quarterly dividend by 60% to $0.40; balance sheet liquidity of ~$1.1B cash on hand supports balanced capital allocation.
Safety, Recognition and Operational Capabilities
Maintained industry-leading safety with TRIR under 1 for second year; inclusion in the S&P 500; Fortune recognition (#1 most admired in engineering & construction); highlighted strengths in VDC/prefab, national execution, and ability to mobilize union labor across markets.
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 |
|---|---|---|---|
Feb 26, 2026 | $801.80 | $746.18 | -6.94% |
Oct 30, 2025 | $776.54 | $647.61 | -16.60% |
Jul 31, 2025 | $638.71 | $626.88 | -1.85% |
Apr 30, 2025 | $412.44 | $400.13 | -2.98% |
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 Apr 23, 2026, Before Open (Confirmed).
What is EMCOR Group (EME) earnings time?
EMCOR Group (EME) earnings time is at Apr 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 (Q1) is 5.85.