EMCOR (EME) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 21, 2026 astatine 10:27 AM CDT 55 min read

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Thursday, Feb. 26, 2026 astatine 10:30 a.m. ET

• Chairman, President, and Chief Executive Officer — Anthony J. Guzzi

• Senior Vice President and Chief Financial Officer — Jason Nalbandian

• Executive Vice President, Chief Administrative Officer, and General Counsel — Maxine Mauricio

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Tony Guzzi, our Chairman, President and Chief Executive Officer; Jason Nalbandian, Senior Vice President and EMCOR's Chief Financial Officer; and Maxine Mauricio, Executive Vice President, Chief Administrative Officer and General Counsel. For today's call, Tony volition supply comments connected our 4th fourth and afloat twelvemonth and sermon our RPOs. Jason volition past reappraisal the 4th fourth and afloat twelvemonth numbers, past crook it backmost to Tony to sermon our guidance earlier we unfastened it up for Q&A. Before we begin, a speedy reminder that this presumption and treatment contains definite forward-looking statements and whitethorn incorporate definite non-GAAP fiscal information. Slide 2 of our presumption describes successful item these forward-looking statements and the non-GAAP fiscal accusation disclosures.

I promote everyone to reappraisal some the disclosures successful conjunction with our treatment and accompanying slides. And finally, arsenic a reminder, each fiscal accusation discussed during this morning's telephone is included successful our consolidated fiscal statements wrong some our net property merchandise issued this greeting and successful our Form 10-K filed with the Securities and Exchange Commission. And with that, fto maine crook the telephone implicit to Tony. Tony?

Anthony Guzzi: Yes. Thanks, Lucas. Good morning, and invited to our 4th fourth 2025 net call. I'm going to talk concisely to the 4th fourth successful my opening comments, but we'll absorption my introductory remarks connected what drove our continued occurrence successful 2025. So I'm going to commencement connected Pages 4 done 5 of our net presentation. We had an fantabulous adjacent to the twelvemonth with our 4th fourth results. In the 4th quarter, we generated revenues of $4.5 billion, which represents 19.7% growth. We earned adjusted net per stock of $7.19 per diluted share, a 13.8% summation from 2024 and delivered adjusted operating income of $440 million, a 13.1% summation from 2024.

We did this portion achieving beardown adjusted operating margins of 9.7%. Our adjusted results for the 4th fourth exclude the summation connected the merchantability of our U.K. concern and the transaction costs related to specified sale. For the afloat year, our adjusted results see these items arsenic good arsenic the transaction costs incurred successful the archetypal 4th owed to the acquisition of the Miller Electric company. By immoderate measure, 2025 was a tremendous twelvemonth for us. We had grounds revenues of astir $17 cardinal and grounds adjusted afloat twelvemonth operating borderline of 9.4% and astatine the precocious extremity of our guidance range.