EMCOR (EME) Q3 2025 Earnings
How Did EME Stock React to Q3 2025 Earnings?
S&P 500 over the same 30 days: +0.25%.
Did EME Beat Earnings? Q3 2025 Results
Yes. EMCOR reported Q3 2025 earnings of $6.57 a share on Oct 30, 2025, beating the $6.53 consensus estimate by 0.7%. Revenue was $4.3B against a $4.3B estimate.
EMCOR Group posted record third-quarter results on October 30, marking another beat on both the top and bottom lines as the electrical and mechanical construction giant continued to benefit from surging infrastructure demand. Diluted EPS came in at $6.57, edging past the $6.53 consensus estimate by 0.65%, while revenue of $4.30 billion topped expectations by 0.49% and climbed 16.4% year-over-year. The standout driver was the Electrical Construction segment, which surged to $1.29 billion in revenue from $845.03 million a year ago, expanding its share of consolidated revenue from 23% to 30%, fueled in part by the Miller Electric acquisition that closed earlier this year. Remaining performance obligations hit a record $12.61 billion, up nearly 29% year-over-year, underscoring the depth of the company's pipeline across Network and Communications, Water and Wastewater, and Industrial sectors. Looking ahead, EMCOR narrowed its full-year 2025 revenue guidance to $16.70 billion–$16.80 billion and raised the floor on non-GAAP diluted EPS guidance to $25.00–$25.75, though the strong print still sent shares sharply lower as investors weighed valuation after a prolonged rally.
- Strong execution on complex and challenging projects across diverse sectors
- 16.4% year-over-year revenue growth driven by organic (8.1%) and acquisition-related (8.3%) growth
- Electrical and Mechanical Construction segments combined year-to-date revenue growth of 23.3% with 12.4% combined operating margin
- Record remaining performance obligations of $12.61 billion, nearly 29% increase year-over-year
- Investments in virtual design construction technologies and prefabrication capabilities driving productivity gains
“We had an outstanding third quarter, with revenue growth of 16.4% and an exceptional 9.4% operating margin. Our results were driven by strong execution within the diverse sectors we serve as we continue to perform on complex and challenging projects. Our Remaining Performance Obligations are again at an all-time high as we continue to win and earn new business across multiple sectors, geographies, and trades. Our pipeline remains strong, reflecting the demand for our services and supporting our positive outlook for the rest of the year.”
EMCOR CEO, on the earnings call
What Was EMCOR's Outlook in Q3 2025?
EMCOR narrowed its full-year 2025 revenue guidance range to $16.7 billion–$16.8 billion (from $16.4 billion–$16.9 billion), raised the floor on non-GAAP diluted EPS guidance to $25.00–$25.75 (from $24.50–$25.75), and tightened non-GAAP operating margin guidance to 9.2%–9.4% (from 9.0%–9.4%). The guidance adjusts for the anticipated sale of the U.K. Building Services segment in Q4. Record remaining performance obligations of $12.61 billion, up nearly 29% year-over-year, support the company's positive outlook. Growth in RPOs was driven by Network and Communications, Water and Wastewater, Institutional, and Manufacturing and Industrial sectors, partially offset by declines in High-Tech Manufacturing as semiconductor projects were completed. The pipeline remains strong reflecting broad-based demand.
EME YoY Financials
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $4.3B | $3.7B | +16.4% |
| Gross Profit | $835.3M | $734.7M | +13.7% |
| Operating Income | $405.7M | $363.5M | +11.6% |
| Net Income | $295.4M | $270.3M | +9.3% |
EME Revenue by Segment
EME Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.