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EMCOR Group, Inc. EME reported impressive first-quarter 2025 results, with adjusted earnings and revenues surpassing the Zacks Consensus Estimate and increasing year over year.

The quarter’s result reflects the benefits realized from the use of virtual design and construction technologies and prefabrication capabilities, along with the company’s focus on expanding into new geographies. Furthermore, the Miller Electric acquisition also boded well during the quarter, contributing to the revenue growth.

During the quarter, the company observed significant growth across several sectors, including network and communications, healthcare, manufacturing and industrial, hospitality and entertainment, and institutional. Remaining performance obligations (RPOs) approached record levels and the pipeline remained robust.

Following the results, shares of EMCOR dropped 3% during the trading session on Wednesday but inched up 0.3% in the after-hours.

EMCOR’s Q1 Earnings & Revenue Discussion

The company reported adjusted earnings per share (EPS) of $5.41, surpassing the Zacks Consensus Estimate of $4.57 by 18.4%. In the year-ago quarter, the company reported adjusted EPS of $4.17.

EMCOR Group, Inc. Price, Consensus and EPS Surprise

EMCOR Group, Inc. price-consensus-eps-surprise-chart | EMCOR Group, Inc. Quote

Revenues of $3.87 billion also topped the consensus mark of $3.8 billion by 1.9% and increased 12.7% year over year from $3.43 billion. Strength across the segments helped the company achieve 5.4% higher organic revenues. (Find the latest earnings estimates and surprises on Zacks Earnings Calendar.)

EME’s Segment Details

EMCOR currently operates in four reportable segments, which are U.S. Construction Services (Electrical and Mechanical Construction and Facilities Services), U.S. Building Services, U.S. Industrial Services and U.K. Building Services.

U.S. Construction Services: This segment's revenues grew 21.3% year over year to $2.66 billion. The company witnessed strong demand across many of the markets served and the Miller Electric acquisition. The segment’s operating income appreciated 33.2%. The margin expanded 100 basis points (bps) year over year to 12.1%.

Within the U.S. Construction umbrella, the U.S. Electrical Construction and Facilities Services segment’s revenues increased 42.3% year over year to $1.09 billion. Operating income increased 48.6% and margin expanded 50 bps year over year to 12.5%. The U.S. Mechanical Construction and Facilities Services segment’s revenues rose 10.2% year over year to $1.57 billion. The segment’s operating income rose 23.9% and its margin expanded 130 bps year over year to 11.9%.

U.S. Building Services: Revenues in the segment were down 4.9% from the prior-year quarter’s level to $742.6 million, due to softness in its site-based business. Operating income grew 8.9% year over year and the margin inched up 60 bps to 4.9%.

U.S. Industrial Services: This segment’s revenues inched up 1.4% year over year to $359 million. EMCOR continues to see improved demand for its services. Operating income dropped 62.4% and the margin contracted 320 bps to 1.9%.

U.K. Building Services: This segment’s revenues moved up 0.6% from the year-ago quarter to $105.3 million. However, the segment’s operating income fell 7.3% and the margin contracted 40 bps to 4.7% year over year.