EMCOR Group beats Q1 revenue estimates, lifts 2026 sales outlook

EMCOR

29/04/2026 12:42

Overview

US mechanical and electrical contractor's Q1 revenue rose 20% yr/yr, beating analyst expectations

Q1 diluted EPS grew 30% yr/yr to $6.84

Company raised 2026 revenue and EPS guidance

Outlook

EMCOR raises 2026 revenue guidance to $18.5 bln-$19.25 bln from $17.75 bln-$18.5 bln

Company lifts 2026 diluted EPS guidance to $28.25-$29.75 from $27.25-$29.25

EMCOR maintains 2026 operating margin outlook at 9.0%-9.4%

Result Drivers

SECTOR MOMENTUM - Co cited sustained momentum across key market sectors and geographies as supporting record Q1 revenue and operating performance

DIVERSIFIED BOOKINGS - Record remaining performance obligations driven by quality and diversity of bookings, with significant growth in Network and Communications, Water and Wastewater, Institutional, and Healthcare sectors

OPERATIONAL EXECUTION - Strategic positioning and operational excellence across construction and services platforms contributed to results, per CEO Tony Guzzi

Company press release: ID:nBwt6st3a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$4.63 bln
$4.20 bln (9 Analysts)
Q1 EPS
$6.84


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for EMCOR Group Inc is $848.00, about 1.8% below its April 28 closing price of $863.78

The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)