| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 5.5K | 7.5% | 28.8% |
| Total Income | 5.5K | 7.5% | 28.8% |
| Expenditure | 5.0K | 8.4% | 28.2% |
| PBT | 549.56 | 0.4% | 34.8% |
| Net Profit | 399.93 | 0.9% | 35.4% |
| OPM | 9.85% | 0.77pp | 0.42pp |
| NPM | 7.22% | 0.61pp | 0.35pp |
| EPS | 9.06 | 0.3% | 37.5% |
EMCOR Group Reports Record Third Quarter 2026 Results
29 Oct 2026 · 2h ago
Summary
EMCOR Group, Inc. announced record third quarter 2026 results, with revenues surging 28.8% year-over-year to $5.54 billion. The company achieved a strong operating income of $545.8 million and a non-GAAP operating margin of 10.5%. Diluted EPS saw a significant increase of 37.6% to $9.04. Management highlighted exceptional growth, margin performance, and capital allocation, noting that the company continues to outgrow the broader non-residential construction market. EMCOR also raised its full-year 2026 guidance for both revenue and non-GAAP diluted EPS, reflecting strong momentum and visibility.
Key Highlights
- 1
EMCOR Group reported a record third quarter 2026 with revenues of $5.54 billion, an increase of 28.8% year-over-year.
- 2
Operating income for the third quarter of 2026 was $545.8 million, representing 9.8% of revenues, with a non-GAAP operating margin of 10.5%.
- 3
Diluted earnings per share (EPS) reached $9.04, a 37.6% increase year-over-year, with non-GAAP diluted EPS at $9.60, up 46.1%.
- 4
Remaining Performance Obligations (RPOs) reached a record $18.57 billion as of September 30, 2026, a 47.2% increase year-over-year.
- 5
The company increased its full-year 2026 revenue guidance range to $20.6 billion - $21.0 billion and its non-GAAP diluted EPS guidance range to $34.50 - $35.50.
- 6
EMCOR Group's Board of Directors authorized an additional $500 million for its share repurchase program.
Management Comments
Tony Guzzi
EMCOR delivered another quarter of exceptional growth, margin performance, operating cash flow, and capital allocation. Our strong revenue growth, coupled with excellent field execution and improved SG&A leverage, resulted in meaningful expansion of our operating margin. We continued to outgrow the broader non-residential construction market, reinforcing the depth of demand for our services. We performed extremely well during the first nine months of 2026, demonstrating the value of our differentiated technical capabilities and strength of our operating model. Our field leaders continued to exhibit discipline and precision while executing some of the industry's largest and most technically complex projects. The expertise of our foremen, superintendents, project managers, and operating leaders drives safe, reliable execution and supports repeat business with our customers. As we close 2026, we remain well-positioned to capitalize on the long-term demand trends supporting our business, while creating further value for our shareholders. The increase in our share repurchase authorization reflects our strong financial position, confidence in the long-term prospects of our business, and commitment to balanced and disciplined capital allocation. Our capital allocation strategy supports long-term value creation and has provided the foundation for our compounding record of success.
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