EMCOR Group, Inc. reported strong financial results for the second quarter of 2025, achieving record revenues of $4.30 billion, a 17.4% increase from $3.67 billion in the same period last year. The company’s operating income also reached a new high of $415.2 million, up from $332.8 million, reflecting an operating margin of 9.6%, compared to 9.1% in the prior year. Net income for the quarter was $302.2 million, or $6.72 per diluted share, compared to $247.6 million, or $5.25 per diluted share, in the second quarter of 2024.
The growth in revenue was driven by strong demand across most market sectors, particularly in the United States electrical and mechanical construction segments. The company noted that revenues from its electrical construction services segment increased by $540.3 million to $1.34 billion, while the mechanical construction segment saw a $100.1 million rise to $1.76 billion. The results included approximately $330.3 million in revenue contributions from acquisitions, notably the recently acquired Miller Electric Company, which contributed $500.4 million in revenue since its acquisition in February 2025.
In terms of operational metrics, EMCOR's total assets increased to $8.40 billion as of June 30, 2025, up from $7.72 billion at the end of 2024. The company’s remaining performance obligations also rose to approximately $11.91 billion, reflecting a $1.81 billion increase since December 31, 2024, largely attributed to new contract awards and acquisitions. The company’s employee headcount has also grown, supporting its expanding operations.
Strategically, EMCOR has been active in acquisitions, completing the purchase of Miller Electric for approximately $868.6 million, which has enhanced its capabilities in high-growth markets. Additionally, the company acquired three other firms for a total of $38.8 million during the first half of 2025, further strengthening its mechanical construction services. The company continues to focus on improving operational efficiency and expanding its market presence, with a strong outlook for continued growth in the coming quarters.
Looking ahead, EMCOR anticipates that its strong revenue growth and improved operating performance will continue, supported by a robust pipeline of projects and strategic acquisitions. The company remains committed to leveraging its operational strengths to enhance profitability and shareholder value while navigating potential market challenges.
About EMCOR Group, Inc.
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