EMCOR Group posted first-quarter 2026 revenue of $4.63 billion, a record for the company and up 19.7% from $3.87 billion a year earlier. On an organic basis, revenue rose 16.8%.
Net income increased to $305.5 million from $240.7 million in the prior-year quarter, while diluted earnings per share climbed to $6.84 from $5.26, a 30.0% increase.
Operating income rose to $403.8 million from $318.8 million, and operating margin widened to 8.7% from 8.2%. Selling, general and administrative expenses increased to $460.1 million from $404.0 million, but fell to 9.9% of revenue from 10.4%.
The company’s tax rate edged down to 25.5% from 25.8%.
Remaining performance obligations reached a record $15.62 billion at March 31, 2026, up from $13.25 billion at the end of 2025 and $11.75 billion a year earlier. That was a sequential increase of $2.37 billion, or 17.9%, and a year-over-year increase of $3.87 billion, or 32.9%.
EMCOR raised its full-year 2026 revenue outlook to $18.50 billion-$19.25 billion from $17.75 billion-$18.50 billion. It also lifted its diluted EPS guidance to $28.25-$29.75 from $27.25-$29.25. The operating margin forecast stayed at 9.0%-9.4%. As a result of these announcements, the company's shares have moved -0.37% on the market, and are now trading at a price of $869.90. For more information, read the company's full 8-K submission here.
