EMCOR Group, Inc. SEC 10-Q Report

EMCOR Group, Inc., a leading provider of electrical and mechanical construction and facilities services, has released its Form 10-Q report for the second quarter of 2025. The report highlights significant growth in both financial and operational metrics, driven by robust performance across all business segments and strategic acquisitions.

Financial Highlights

EMCOR Group, Inc. reported impressive financial results for the second quarter of 2025:

• Revenues: $4,304.4 million, reflecting a significant increase from $3,666.9 million in the prior year period, driven by strong performance across all segments.
• Gross Profit: $833.8 million, up from $684.0 million, indicating improved cost management and operational efficiency.
• Operating Income: $415.2 million, compared to $332.8 million, showcasing enhanced profitability and effective cost control measures.
• Net Income: $302.2 million, an increase from $247.6 million, highlighting the company's strong financial performance.
• Basic earnings per common share: $6.74, up from $5.27, reflecting the company's improved earnings performance.
• Diluted earnings per common share: $6.72, compared to $5.25, indicating a positive trend in shareholder returns.

Business Highlights

EMCOR Group, Inc. also reported notable operational achievements for the second quarter of 2025:

• Revenue Segments:
  • The United States electrical construction and facilities services segment reported revenues of $1,340,247,000, driven by strong performance in the network and communications market sector, which accounted for 50% of the segment's total revenue.
  • The United States mechanical construction and facilities services segment achieved revenues of $1,755,258,000, with the network and communications market sector representing 22% of the segment's total revenue.
  • The United States building services segment generated $793,259,000 in revenues, with mechanical services accounting for 78% of the segment's total revenue.
  • The United States industrial services segment reported revenues of $281,072,000, with field services contributing 86% of the segment's total revenue.
• Geographical Performance:
  • The United Kingdom building services segment reported revenues of $134,564,000, showing growth compared to the previous year, with service work accounting for 52% of the segment's total revenue.
  • The United States operations as a whole reported consolidated revenues of $4,169,836,000, indicating robust growth across various market sectors.
• Sales Units: The company experienced an increase in contract assets to $348,048,000 as of June 30, 2025, reflecting higher unbilled amounts from construction projects where revenues recognized exceeded invoiced amounts.
• New Product Launches:
  • The acquisition of Miller Electric Company in February 2025 expanded the company's electrical construction capabilities in high-growth end markets, contributing $500.4 million in revenues and $21.8 million in operating income for the period from February 3, 2025, to June 30, 2025.
  • The company completed the acquisition of three additional companies in the first half of 2025, enhancing its building automation controls, fire protection offerings, and mechanical construction services, which are expected to bolster future operational capabilities.
• Future Outlook: The company anticipates continued growth in its United States electrical and mechanical construction segments, driven by strong demand in the network and communications market sector and strategic acquisitions that enhance its service offerings.

SEC Filing: EMCOR Group, Inc. [ EME ] - 10-Q - Jul. 31, 2025