<span item_type="fundamental" item_id="5933f4f19f619e1e3f5aaaf36885d724" counter_id="ST/US/EME" env="prod"></span><span item_type="announcement" item_id="620386433463684993" env="prod"></span><p>Revenue: As of FY2025 Q4, the actual value is USD 4.513 B, beating the estimate of USD 4.283 B.</p><p>EPS: As of FY2025 Q4, the actual value is USD 9.68, beating the estimate of USD 6.6776.</p><p>EBIT: As of FY2025 Q4, the actual value is USD 569.74 M.</p><p></p><h3>Fourth Quarter 2025 Financial Highlights</h3><h4>Revenue</h4><p>EMCOR Group, Inc. reported consolidated revenues of $4.51 billion for the fourth quarter of 2025, an increase of 19.7% from $3.77 billion in the fourth quarter of 2024. On an organic basis, fourth-quarter revenues increased by 9.5%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><p>Segment revenues for Q4 2025 were: <strong>United States electrical construction and facilities services:</strong> $1,360,892 thousand, representing 30% of total revenues.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>United States mechanical construction and facilities services:</strong> $1,943,342 thousand, representing 43% of total revenues.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>United States building services:</strong> $772,481 thousand, representing 17% of total revenues.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>United States industrial services:</strong> $341,111 thousand, representing 8% of total revenues.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>United Kingdom building services:</strong> $95,295 thousand, representing 2% of total revenues.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><h4>Net Income</h4><p>Net income for the fourth quarter of 2025 was $434.6 million, compared to $292.2 million for the same period in 2024. Non-GAAP net income for the fourth quarter of 2025 was $322.8 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><h4>Gross Profit</h4><p>Gross profit for the fourth quarter of 2025 was $891,186 thousand, up from $757,015 thousand in the fourth quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><h4>Operating Income and Margin</h4><p>Operating income for the fourth quarter of 2025 was $573.8 million, or 12.7% of revenues, compared to $388.6 million, or 10.3% of revenues, for the fourth quarter of 2024. Non-GAAP operating income was $439.6 million, or 9.7% of revenues.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><p>Segment operating income for Q4 2025 was: <strong>United States electrical construction and facilities services:</strong> $173,051 thousand (12.7% of segment revenues).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>United States mechanical construction and facilities services:</strong> $250,545 thousand (12.9% of segment revenues).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>United States building services:</strong> $41,334 thousand (5.4% of segment revenues).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>United States industrial services:</strong> $12,365 thousand (3.6% of segment revenues).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>United Kingdom building services:</strong> - $6 thousand (N/M of segment revenues).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>Corporate administration:</strong> - $48,411 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>Gain on sale of United Kingdom operations:</strong> $144,876 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><h4>Operating Costs</h4><p>Selling, general and administrative expenses totaled $462.3 million, or 10.2% of revenues, for the fourth quarter of 2025, compared to $368.5 million, or 9.8% of revenues, for the fourth quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><h4>Income Tax Rate</h4><p>The income tax rate for the fourth quarter of 2025 was 24.8%, a decrease from 26.7% in the prior-year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><h4>Depreciation and Amortization</h4><p>Depreciation and amortization expense was $50.0 million for the fourth quarter of 2025, compared to $35.3 million for the fourth quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><h3>Full-Year 2025 Financial Highlights</h3><h4>Revenue</h4><p>Consolidated revenues for full year 2025 reached $16.99 billion, an increase of 16.6% from $14.57 billion for full year 2024. Organic full-year revenues increased by 7.9%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><p>Segment revenues for FY 2025 were: <strong>United States electrical construction and facilities services:</strong> $5,074,252 thousand, representing 30% of total revenues.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>United States mechanical construction and facilities services:</strong> $7,050,481 thousand, representing 42% of total revenues.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>United States building services:</strong> $3,122,242 thousand, representing 18% of total revenues.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>United States industrial services:</strong> $1,268,099 thousand, representing 7% of total revenues.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>United Kingdom building services:</strong> $471,348 thousand, representing 3% of total revenues.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><h4>Net Income</h4><p>Net income for full year 2025 was $1.27 billion, compared to $1.01 billion for full year 2024. Non-GAAP net income for full year 2025 was $1.17 billion.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><h4>Gross Profit</h4><p>Gross profit for full year 2025 was $3,282,988 thousand, increasing from $2,765,051 thousand in full year 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><h4>Operating Income and Margin</h4><p>Operating income for full year 2025 was $1.71 billion, or 10.1% of revenues, compared to $1.34 billion, or 9.2% of revenues, for full year 2024. Non-GAAP operating income was $1.59 billion, or 9.4% of revenues.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><p>Segment operating income for FY 2025 was: <strong>United States electrical construction and facilities services:</strong> $611,952 thousand (12.1% of segment revenues).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>United States mechanical construction and facilities services:</strong> $905,325 thousand (12.8% of segment revenues).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>United States building services:</strong> $187,192 thousand (6.0% of segment revenues).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>United States industrial services:</strong> $24,998 thousand (2.0% of segment revenues).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>United Kingdom building services:</strong> $20,969 thousand (4.4% of segment revenues).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>Corporate administration:</strong> - $181,894 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span> <strong>Gain on sale of United Kingdom operations:</strong> $144,876 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><h4>Operating Costs</h4><p>Selling, general and administrative expenses totaled $1.71 billion, or 10.1% of revenues, for full year 2025, compared to $1.42 billion, or 9.7% of revenues, for full year 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><h4>Income Tax Rate</h4><p>The income tax rate for full year 2025 was 26.1%, down from 26.9% for full year 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><h4>Depreciation and Amortization</h4><p>Depreciation and amortization expense was $186.4 million for full year 2025, compared to $133.7 million for full year 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><h3>Cash Flow</h3><h4>Net Cash Provided by Operating Activities</h4><p>For the full year 2025, net cash provided by operating activities was $1,302,063 thousand, a decrease from $1,407,894 thousand in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><h4>Investing Activities</h4><p>Payments for acquisitions of businesses, net of cash acquired, were - $1,022,105 thousand in 2025, compared to - $228,173 thousand in 2024. Net proceeds from the sale of United Kingdom operations were $256,622 thousand in 2025. Purchases of property, plant, and equipment amounted to - $112,750 thousand in 2025, up from - $74,950 thousand in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><h4>Financing Activities</h4><p>Dividends paid to stockholders totaled - $45,023 thousand in 2025, compared to - $43,384 thousand in 2024. Repurchases of common stock were - $586,258 thousand in 2025, up from - $489,820 thousand in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><h3>Unique Metrics</h3><h4>Remaining Performance Obligations (RPOs)</h4><p>As of December 31, 2025, RPOs were a record $13.25 billion, a 31.2% increase year-over-year from $10.10 billion as of December 31, 2024. This growth was primarily driven by Network and Communications, Institutional, Water and Wastewater, Hospitality and Entertainment, and Manufacturing and Industrial sectors, partially offset by a reduction in the High-Tech Manufacturing sector.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p><h3>Outlook / Guidance</h3><p>For full year 2026, EMCOR Group, Inc. anticipates revenues to be between $17.75 billion and $18.50 billion. The company expects an operating margin of 9.0% to 9.4%. Diluted EPS is projected to be in the range of $27.25 to $29.25.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/105634/000010563426000027/eme-ex991_20251231xq4.htm"></span></p>

EMCOR Grp | 8-K: FY2025 Q4 Revenue Beats Estimate at USD 4.513 B