EMCOR Group's first quarter 2026 results beat estimates with revenue up 19.7% and a record backlog of $15.62 billion.

EMCOR Group reported record first quarter 2026 revenues of $4.63 billion, a 19.7% increase year-over-year, with diluted earnings per share of $6.84, up 30.0% from the prior year. The performance exceeded analyst expectations for both revenue and EPS.

Key Highlights

• The company's Remaining Performance Obligations (RPOs), a measure of project backlog, reached a new record of $15.62 billion, representing a 32.9% increase year-over-year.
• Operating margin for the quarter expanded to 8.7% from 8.2% in the first quarter of 2025.
• Based on the strong start to the year, EMCOR raised its full-year 2026 revenue guidance to a range of $18.50 billion to $19.25 billion and its diluted EPS guidance to a range of $28.25 to $29.75.