EMCOR (EME) Q2 2025

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Earnings

EMCOR Group delivered a standout second quarter of 2025, posting diluted EPS of $6.72 and revenue of $4.30 billion, well ahead of analyst expectations that had penciled in around $5.70 per share on $4.11 billion in sales. The headline beat reflected … Read more EMCOR Group delivered a standout second quarter of 2025, posting diluted EPS of $6.72 and revenue of $4.30 billion, well ahead of analyst expectations that had penciled in around $5.70 per share on $4.11 billion in sales. The headline beat reflected broad operational strength, but the single biggest driver was a surge in its construction segments: Electrical Construction revenues soared 67.5% year-over-year to a record $1.34 billion, while Mechanical Construction hit $1.76 billion with a record 13.6% operating margin. The April 2025 close of the Miller Electric acquisition contributed $330.33 million in incremental revenue, complementing organic growth of 8.4%. Record remaining performance obligations of $11.91 billion, up 32.4% year-over-year, underscore the durability of that momentum heading into the back half of the year. Management raised full-year guidance accordingly, narrowing the revenue range to $16.40 billion–$16.90 billion and lifting non-GAAP diluted EPS guidance to $24.50–$25.75, reflecting growing confidence in execution across data infrastructure, healthcare, and industrial end markets.