Emcor Sustains Momentum for $305M 1Q Profit

Contributed by BSM Staff

NORWALK, CT -- Sustained momentum across several key markets and geographies helped EMCOR Group, Inc., a provider of mechanical, electrical, industrial and building services, post record first quarter revenues.

For the first quarter of 2026, the company posted a profit of $305.5 million, or $6.84 a share, on revenues of $4.63 billion, compared to $240.7 million, or $5.26 per share, on sales of $3.87 billion in the same period last year.

On an organic basis, when adjusting for incremental acquisition contribution and the impact of the sale of the company's United Kingdom operations, first quarter revenues increased by 16.8%.

Net income for the first quarter of 2025 included $9.4 million, or $6.9 million after taxes, of transaction related costs associated with the acquisition of Miller Electric Company. Excluding these transaction costs, non-GAAP net income for the first quarter of 2025 was $247.6 million, or $5.41 per diluted share.
Operating income for the first quarter of 2026 was $403.8 million, or 8.7% of revenues, compared to operating income of $318.8 million, or 8.2% of revenues, for the first quarter of 2025.

Selling, general and administrative expenses for the first quarter of 2026 totaled $460.1 million, or 9.9% of revenues, compared to $404.0 million, or 10.4% of revenues, for the first quarter of 2025.

The Company's income tax rate for the first quarter of 2026 was 25.5%, compared to 25.8% for the first quarter of 2025.

“We started the year well, with record quarterly revenues and strong operating performance as we experienced sustained momentum across several key market sectors and geographies,” said Tony Guzzi, chairman, president, and CEO of EMCOR. “These results reflect our strategic positioning and operational excellence across our construction and services platforms while demonstrating our customers' confidence in EMCOR as a partner of choice for complex and mission-critical projects.”

Guzzi said the fundamentals of the business remain strong and “we are well-positioned for the remainder of 2026.”

The company has assets of $9.5 billion, and liabilities of $5.6 billion.

For more information, go to emcorgroup.com.