Loading...
•
Mar 31
Emcor Q1 2025 Earnings Report
EMCOR posted record Q1 2025 results with strong revenue growth and higher EPS.
Key Takeaways
EMCOR Group delivered strong first-quarter results driven by record revenue and EPS, alongside solid contributions from its recent acquisition of Miller Electric.
Revenue reached a record $3.87 billion, up from $3.43 billion last year.
Net income rose to $240.7 million, with adjusted EPS at $5.41.
Remaining performance obligations hit a record $11.75 billion.
Miller Electric contributed $183 million in revenue to the Electrical segment.
Emcor
Emcor
Emcor Revenue by Segment
Emcor Revenue by Geographic Location
Revenue by Segment
U.S. Electrical Const. Revenue
CapyFin.comU.S. Mechanical Const. Revenue
CapyFin.comU.S. Building Services Revenue
CapyFin.comU.S. Industrial Services Revenue
CapyFin.comUK Building Services Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comUnited Kingdom Revenue
CapyFin.com Forward Guidance
EMCOR reaffirmed its full-year revenue guidance and narrowed its non-GAAP EPS range, citing continued strength in project backlog and execution capability.
Positive Outlook
- Revenue guidance maintained at $16.1B to $16.9B.
- Non-GAAP EPS guidance raised to $22.65–$24.00.
- Strong RPO growth year-over-year (+$2.57B).
- Miller Electric integration is progressing well.
- Continued strength in U.S. Electrical and Mechanical segments.
Challenges Ahead
- U.S. Industrial Services impacted by a slower turnaround season.
- Headwinds in site-based services.
- RPOs declined in High-Tech Manufacturing and Commercial sectors.
- Elevated SG&A expenses affected operating margins.
- Potential impact of tariffs and macroeconomic factors.
Revenue & Expenses
Visualization of income flow from segment revenue to net income