EMCOR Group, Inc. (NYSE: EME) announced record financial results for its fiscal third quarter ended September 30, 2026. The company reported quarterly revenues of $5.54 billion, an increase of 28.8% compared to the same period in the prior year. On an organic basis, excluding the impact of acquisitions and the sale of its United Kingdom operations, revenues increased by 25.5%.
Net income for the third quarter was $399.9 million, or $9.04 per diluted share. This compares to net income of $295.4 million, or $6.57 per diluted share, in the prior year. Operating income for the quarter was $545.8 million, representing a margin of 9.8% of revenues. Non-GAAP operating income, which excludes a $34.0 million non-cash impairment loss on identifiable intangible assets, was $579.8 million with a margin of 10.5%.
For the first nine months of 2026, total revenues reached $15.32 billion, up 22.9% year-over-year. Net income for the nine-month period was $1.11 billion, or $24.93 per diluted share. Non-GAAP diluted earnings per share for the first nine months were $25.48.
EMCOR also reported Remaining Performance Obligations (RPOs) of $18.57 billion as of September 30, 2026. This represents a 47.2% increase from $12.61 billion in the prior year. The company attributes this growth to new contract awards across its Network and Communications, Healthcare, Water and Wastewater, Institutional, and Manufacturing and Industrial sectors.
Based on current momentum, EMCOR has updated its full-year 2026 guidance. The company now expects revenues between $20.6 billion and $21.0 billion, up from the previous range of $20.0 billion to $20.5 billion. Non-GAAP diluted EPS guidance is now projected to be between $34.50 and $35.50, compared to the prior range of $32.00 to $33.25.
In a separate announcement, EMCOR’s Board of Directors authorized an additional $500 million for its share repurchase program. The company stated that repurchases will be funded by operations and conducted at the company’s discretion.
