| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 4.3K | 0.1% | 16.4% |
| Total Income | 4.3K | 0.1% | 16.4% |
| Expenditure | 3.9K | 0.2% | 16.9% |
| PBT | 407.59 | 1.1% | 9.5% |
| Net Profit | 295.37 | 2.3% | 9.3% |
| OPM | 9.43% | 0.22pp | 0.40pp |
| NPM | 6.87% | 0.15pp | 0.44pp |
| EPS | 6.59 | 2.2% | 13.0% |
EMCOR Group, Inc. Reports Record Q3 2025 Revenue of $4.30 Billion
04 May 2026 · 4 May, 8:24 am
Summary
EMCOR Group, Inc. reported a record third quarter with revenues of $4.30 billion, a 16.4% increase year-over-year. Diluted EPS also reached a record $6.57, up 13.3% year-over-year. The company's remaining performance obligations hit a record $12.61 billion, nearly a 29% increase year-over-year. EMCOR narrowed its 2025 revenue guidance range to $16.7 billion - $16.8 billion and its non-GAAP diluted EPS guidance range to $25.00 - $25.75.
Key Highlights
- 1
EMCOR Group reported record third quarter revenues of $4.30 billion, a 16.4% increase year-over-year.
- 2
Third quarter diluted EPS reached a record $6.57, reflecting a 13.3% increase year-over-year.
- 3
Remaining performance obligations reached a record $12.61 billion, nearly a 29% increase year-over-year.
- 4
The company narrowed its 2025 revenue guidance range to $16.7 billion - $16.8 billion.
- 5
Non-GAAP 2025 diluted EPS guidance range narrowed to $25.00 - $25.75.
- 6
Operating income for the third quarter of 2025 was $405.7 million, or 9.4% of revenues.
- 7
Revenues for the first nine months of 2025 totaled $12.47 billion, an increase of 15.5% compared to the same period in 2024.
Management Comments
Tony Guzzi
We had an outstanding third quarter, with revenue growth of 16.4% and an exceptional 9.4% operating margin. Our results were driven by strong execution within the diverse sectors we serve as we continue to perform on complex and challenging projects. Our Remaining Performance Obligations are again at an all-time high as we continue to win and earn new business across multiple sectors, geographies, and trades. Our pipeline remains strong, reflecting the demand for our services and supporting our positive outlook for the rest of the year. We have performed extremely well during the first nine months of 2025 with year-over-year revenue growth of 15.5%, a 19.2% increase in operating income, and an operating margin in excess of 9%. We are executing well across numerous sectors where demand for our services persists, bolstered by long-term underlying secular trends. Our Electrical and Mechanical Construction segments continue to drive our overall performance with combined year-to-date revenue growth of 23.3% and a combined operating margin of 12.4%. Our performance is further supported by our organic investments in virtual design construction technologies and prefabrication capabilities, which have increased our productivity and efficiency. As we progress to the end of the year, we remain focused on executing for our customers while delivering for our shareholders.
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