| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 5.2K | 11.4% | 19.8% |
| Total Income | 5.2K | 11.4% | 19.8% |
| Expenditure | 4.6K | 9.1% | 18.5% |
| PBT | 551.66 | 34.5% | 33.9% |
| Net Profit | 403.69 | 32.1% | 33.6% |
| OPM | 10.62% | 1.89pp | 0.97pp |
| NPM | 7.83% | 1.23pp | 0.81pp |
| EPS | 9.09 | 32.7% | 34.9% |
EMCOR Group Reports Record Q2 2026 Results with Revenues Up 19.8% and EPS Up 34.8%
30 Jul 2026 · 30 Jul, 6:37 pm
Summary
EMCOR Group announced record-breaking results for its second quarter of 2026, with revenues soaring to $5.15 billion, a 19.8% increase year-over-year. The company also reported a record operating income of $547.3 million and a significant 34.8% rise in diluted EPS to $9.06. Management highlighted strong performance across all segments and a record backlog of $17.14 billion in Remaining Performance Obligations. Reflecting this momentum, EMCOR has raised its full-year 2026 guidance for both revenue and diluted EPS.
Key Highlights
- 1
EMCOR Group reported record quarterly revenues of $5.15 billion for the second quarter of 2026, an increase of 19.8% year-over-year.
- 2
The company achieved record second quarter operating income of $547.3 million, with an operating margin of 10.6%.
- 3
Diluted Earnings Per Share (EPS) reached a record $9.06 for the second quarter of 2026, marking a 34.8% increase compared to the prior year.
- 4
Remaining Performance Obligations (RPOs) hit a record $17.14 billion as of June 30, 2026, up 43.9% year-over-year.
- 5
Full-year 2026 revenue guidance was increased to a range of $20.00 billion - $20.50 billion.
- 6
Full-year 2026 diluted EPS guidance was raised to $32.00 - $33.25.
Management Comments
Tony Guzzi
We had an exceptional second quarter, growing revenues nearly 20% and earning an impressive 10.6% operating margin. Our results were driven by strong performance across each of our reportable segments, which demonstrates the consistent execution, discipline, and customer focus that have defined EMCOR's success over many years. Our Remaining Performance Obligations are once again at a record level reflecting sustained demand across several key market sectors and our success in winning new business across multiple customers, geographies, and skilled trades. We have performed extremely well during the first half of 2026, executing across numerous sectors where demand for our services persists. These outstanding results reflect our ability to complete complex projects across multiple geographies and trades, expand scope with existing customers, and consistently deliver on mission-critical projects. We remain focused on maintaining pricing discipline, carefully selecting project opportunities, and executing at a high level across our operations. As we look ahead, the fundamentals of our business remain strong and our recent and pending acquisitions reflect our focus on complementing our existing operations, expanding our capabilities, and entering new geographies to better serve our customers. Supported by a liquid balance sheet, exceptional field leadership, and a diverse pipeline with significant visibility, we believe EMCOR is well-positioned to benefit from ongoing market opportunities while continuing to create value for our shareholders.
Informational and educational content only. Not investment advice.