The strong beat and raised guidance confirm robust demand across multiple sectors. Traders should watch the conference call for margin sustainability and RPO conversion timing. Consider adding to positions given the organic growth acceleration and record backlog.
Price Chart
Executive Summary
EMCOR reported a record Q1 2026 with revenue of $4.63B (+19.7% YoY) and diluted EPS of $6.84 (+30% YoY), both materially exceeding consensus estimates ($4.20B and $5.90). The company raised full-year 2026 guidance for revenue to $18.50-$19.25B and EPS to $28.25-$29.75. Record remaining performance obligations of $15.62B (+32.9% YoY) signal sustained demand.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $4.63B, a record, up 19.7% YoY
- Diluted EPS $6.84 vs $5.26 YoY, up 30%
- GAAP EPS of $6.84 beat consensus of $5.90 by 15.9%
- Revenue beat consensus of $4.20B by 10.2%
- Raised FY2026 revenue guidance to $18.50B-$19.25B (from $17.75B-$18.50B)
- Raised FY2026 EPS guidance to $28.25-$29.75 (from $27.25-$29.25)
- Record RPOs of $15.62B, up 32.9% YoY
- Organic revenue growth of 16.8% (adjusted for acquisitions and UK sale)
- Operating margin improved to 8.7% from 8.2% YoY
Financial Impact
Revenue beat by ~$428M (10.2%), EPS beat by $0.94 (15.9%), FY guidance increased by ~$0.75B at midpoint for revenue and ~$0.75 for EPS
Risk Factors
- Potential macro slowdown affecting construction spending
- Labor shortages and wage inflation pressuring margins
- Supply chain disruptions or material cost increases
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000105634-26-000048 |
| Document: eme-20260429.htm | 0000105634-26-000048 |
| Document: 0000105634-26-000048-index-headers.html | 0000105634-26-000048 |
| Document: 0000105634-26-000048-index.html | 0000105634-26-000048 |
| Document: 0000105634-26-000048.txt | 0000105634-26-000048 |
| 8-K Data (Synthetic) | 0000105634-26-000048 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 30, 2026 9w ago | 8-K | $802.37 $775.04 | ▼ −3.41% | ▼ −7.37% | $786.61 (−1.96%) |
Apr 30, 2026 22w ago | Insider Cluster | $891.67 $848.45 | ▼ −4.85% | ▼ −9.81% | $786.61 (−11.78%) |
Apr 30, 2026 22w ago | Insider Cluster | $891.67 $848.45 | ▼ −4.85% | ▼ −9.81% | $786.61 (−11.78%) |
Apr 29, 2026 22w ago | 8-K | $833.37 $855.26 | ▲ +2.63% | ▼ −2.83% | $786.61 (−5.61%) |
Apr 21, 2026 23w ago | DEFA14A | $838.01 $877.19 | ▲ +4.68% | ▼ −0.24% | $786.61 (−6.13%) |
Mar 2, 2026 30w ago | Insider Cluster | $735.41 $700.75 | ▲ +4.71% | ▼ −3.22% | $786.61 (−6.96%) |
Feb 28, 2026 30w ago | Institutional Cluster | $735.41 $700.75 | ▼ −4.71% | ▲ +3.22% | $786.61 (+6.96%) |
US Market Status
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