Emcor Group, Inc. has reported its third-quarter 2025 results, and the numbers are looking strong. The company's revenues for the third quarter of 2025 totaled $4.30 billion, marking a significant increase of 16.4% compared to the same period in 2024. Net income for the third quarter of 2025 was $295.4 million, or $6.57 per diluted share, compared to $270.3 million, or $5.80 per diluted share, for the third quarter of 2024.
Operating income for the third quarter of 2025 was $405.7 million, representing 9.4% of revenues, compared to $363.5 million, or 9.8% of revenues, for the third quarter of 2024. The company's remaining performance obligations as of September 30, 2025, were a record $12.61 billion, marking an increase of nearly 29% year-over-year from $9.79 billion as of September 30, 2024.
For the first nine months of 2025, Emcor Group, Inc. reported revenues of $12.47 billion, reflecting a 15.5% increase compared to the same period in 2024. Net income for the first nine months of 2025 was $838.2 million, or $18.53 per diluted share, compared to $715.0 million, or $15.21 per diluted share, for the first nine months of 2024. Excluding transaction costs associated with the acquisition of Miller Electric Company, non-GAAP net income for the first nine months of 2025 was $845.2 million, or $18.68 per diluted share.
Emcor Group, Inc. also narrowed its 2025 revenue guidance range to $16.7 billion * $16.8 billion from $16.4 billion * $16.9 billion and narrowed the non-GAAP 2025 diluted EPS guidance range to $25.00 * $25.75 from $24.50 * $25.75.
The market has reacted to these announcements by moving the company's shares 3.4% to a price of $777.00. For the full picture, make sure to review EMCOR's 8-K report.
