$EME · EMCOR Group, Inc.
EMCOR Group reported record Q3 FY2026 results: revenue of $5.54B (+28.8% YoY), GAAP diluted EPS of $9.04 (+37.6%), and non-GAAP diluted EPS of $9.60 (+46.1%). Operating income was $545.8M (9.8% margin); non-GAAP operating income was $579.8M (10.5% margin). Remaining performance obligations hit a record $18.57B, up 47.2% YoY. The company raised FY2026 revenue guidance to $20.6B–$21.0B and non-GAAP EPS to $34.50–$35.50, and authorized an additional $500M share repurchase.
- Q3 revenue $5.54B, up 28.8% YoY; organic growth 25.5%.
- Non-GAAP diluted EPS $9.60, up 46.1% YoY.
- Remaining performance obligations $18.57B, up 47.2% YoY.
- FY2026 non-GAAP EPS guidance raised to $34.50–$35.50.
- Board authorized additional $500M share repurchase.
Extended-hours last trade $690.55, +1.77% vs regular close and +3.63% vs price-at-filing, reflecting a positive reaction to the beat and raised guidance.
A record quarter with 28.8% revenue growth, a 47.2% jump in backlog, and a raised full-year outlook signals accelerating data-center-driven demand.
EMCOR's RPO growth was driven by Network and Communications data-center demand for electrical infrastructure and cooling systems, outpacing the broader non-residential construction market.
Q3 included a $34.0M non-cash impairment on identifiable intangible assets ($24.7M after tax). Forward-looking risks cited include skilled-labor scarcity, supply-chain disruptions, tariffs, and interest-rate changes.