Citable filing context
EME's research view summarizes recent SEC filing context, starting with other from Jul 31, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 31, 2026 | other | MSHA issued an imminent danger order to EMCOR subsidiary MOR PPM regarding a safety violation at a Texas mine. |
| Jul 30, 2026 | earnings | EMCOR Group reported record second quarter 2026 revenue of $5.15 billion and diluted EPS of $9.06. |
| Jun 4, 2026 | other | Stockholders re-elected nine directors and approved executive compensation and Ernst & Young LLP as independent auditors. |
| Jul 30, 2026 | Guidance: diluted_eps | 32.00 to 33.25 |
| Jul 30, 2026 | Guidance: operating_margin | 9.50 to 9.80 |
| Jul 30, 2026 | Guidance: revenue | 20000.00 to 20500.00 |
| Jul 30, 2026 | mda_quarterly | EMCOR Group reported record financial results for the second quarter of 2026, with revenues reaching $5.15 billion, a 19.8% increase year-over-year. This growth was broad-based, driven by strong demand in the network and communications sector—specifically data center construction—as well as institutional and public sector projects. Operating income rose to $547.3 million, or 10.6% of revenues, benefiting from improved gross margins and effective overhead leverage. The company’s remaining performance obligations reached a record $17.14 billion, signaling robust future demand. While the mechanical construction segment remains the largest revenue contributor, it experienced a 110-basis-point margin compression due to a shift toward lower-margin prime contractor roles and cost-plus contracts. Conversely, the industrial services segment returned to profitability, bolstered by increased turnaround activity and petrochemical project volume. Liquidity remains strong with $924.4 million in cash and significant availability under a $1.30 billion revolving credit facility. Management continues to pursue a balanced capital allocation strategy, utilizing cash for strategic acquisitions, dividends, and share repurchases. Key risks include potential volatility in commodity prices, the availability of surety bonds for large-scale projects, and the inherent working capital requirements associated with long-duration construction contracts. |
| Apr 29, 2026 | mda_quarterly | EME achieved record first-quarter 2026 revenues of $4.63 billion, a 19.7% increase over the prior year, with operating income rising to $403.8 million and margins expanding to 8.7%. Growth was driven by broad-based demand and acquisitions, including Miller Electric, which contributed to $234.1 million in incremental revenue. Key drivers included data center construction within the network and communications sector, public sector and education projects in the institutional sector, and water/wastewater opportunities in the Southeast. Remaining performance obligations reached a record $15.62 billion. However, the mechanical construction segment experienced a 100-basis-point margin decline due to a shift toward lower-margin construction management roles and guaranteed maximum price contracts, alongside a decline in semiconductor manufacturing projects. Industrial services growth was supported by a large solar project, offsetting lower heat exchanger sales. Despite strong earnings, operating cash flow fell to $0.6 million due to increased accounts receivable from organic growth. EME maintains a strong liquidity position with $916.4 million in cash and $1.23 billion available under its revolving credit facility, while surety bond exposure totals $4.19 billion, representing 27% of its total backlog. |
Source: SEC EDGAR filing text and events; period Jul 31, 2026; filed Jul 31, 2026.
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