Emcor Guides 2026 Revenue of $20.6B-$21B

Emcor has issued 2026 guidance targeting revenue of $20.6 billion to $21 billion and earnings per share of $34.50 to $35.50, according to the company's outlook. The guidance comes as the company reported record remaining performance obligations of $18.57 billion.

The backlog figure underscores the visibility Emcor has into future work, with the $18.57 billion in RPOs representing contracted revenue not yet recognized. That pipeline underpins the company's revenue target for the coming year, which spans a range of roughly $400 million at the midpoint.

The EPS guidance of $34.50 to $35.50 gives investors a clear view of expected profitability per share for 2026. The company did not provide additional detail in the headline disclosure on the assumptions behind the ranges, including segment-level expectations or margin outlook.

For investors, the key takeaway is the scale of the contracted backlog relative to the guided revenue range. With $18.57 billion in RPOs, Emcor enters 2026 with a substantial portion of its expected work already secured, reducing reliance on new bookings to hit the low end of its revenue target.

The guidance positions the company's 2026 outlook around both top-line growth and per-share earnings, giving the market two benchmarks to track against quarterly results. Execution against the backlog and the pace of new contract awards will be the primary variables determining whether Emcor lands within, above, or below the guided ranges.