Loading...
•
Jun 30
Emcor Q2 2025 Earnings Report
Emcor delivered record-breaking Q2 2025 results with all-time high revenue, EPS, and backlog, supported by strong construction performance.
Key Takeaways
EMCOR posted $4.3 billion in revenue and $302.2 million in net income for Q2 2025, driven by strong demand across its U.S. construction segments. The company also reported a record backlog of $11.91 billion, and raised full-year guidance.
Record quarterly revenue of $4.3B, up 17.4% YoY
EPS rose to $6.72, a 28% increase YoY
Operating income reached $415.2M with a 9.6% margin
Remaining performance obligations hit a record $11.91B
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 raised full-year guidance for 2025, citing strong sector demand, record backlog, and high project visibility.
Positive Outlook
- Full-year revenue guidance raised to $16.4B–$16.9B
- Non-GAAP EPS guidance increased to $24.50–$25.75
- Strong pipeline and continued backlog growth
- Sustained strength in Electrical and Mechanical Construction
- Improved productivity from technology and prefabrication
Challenges Ahead
- Rising SG&A expenses may pressure margins
- Industrial services showed YoY revenue decline
- Corporate costs increased YoY
- Net interest expense turned negative versus prior-year gain
- Progress on some projects reduced high-tech backlog
Revenue & Expenses
Visualization of income flow from segment revenue to net income