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- **Revenue Record**: Q3 2025 revenue of $4.3B (+16.4% YoY), with RPOs at $12.6B (+29% YoY). 
- **Margin Strength**: 9.4% operating margin, highest on record, despite short-term headwinds. 
- **Strategic Expansion**: Acquired Danforth for $350-400M revenue and sold UK business for $255M, sharpening US focus. 
- **Growth Guidance**: 2025 EPS guidance narrowed to $25-25.75, reflecting confidence in data center and healthcare demand.

**【CEO Summary Section】**
- **Record Q3 Performance**: Achieved $6.57 EPS, $43B revenue. (+16.4% YoY), 9.4% operating margin, and $475.5M operating cash flow. Remaining Performance Obligations (RPOs) reached $12.6B, up 29% YoY, driven by data centers, healthcare, and manufacturing. 
- **Strategic Moves**: Sold UK business for $255M and acquired Danforth (adding $350-400M revenue) to expand data center and industrial capabilities. 
- **Growth Momentum**: Tightened 2025 guidance to $16.7-16.8B revenue and $25-25.75 EPS, reflecting strong demand in data centers, healthcare, and water/wastewater. 

**【CFO Financial Commentary】**
- **Segment Growth**: Electrical Construction (+52.1%), Mechanical (+7%), Building Services (+2.1%), and Industrial flat. Operating income of $45.7M, with strong margins across segments. 
- **Financial Health**: Generated $778M year-to-date operating cash flow, maintaining a strong balance sheet with $655M cash. Acquisitions and organic growth contributed to revenue expansion, while SG&A expenses remained disciplined. 

**【Q&A Highlights】**
- **Margin Management**: Acknowledged short-term headwinds from new market investments but emphasized long-term margin stability. 
- **Organic Growth**: Targeted high single-digit to low double-digit organic growth, supported by RPOs growing 5-6% sequentially. 
- **Sector Outlook**: Data centers, healthcare, and water/wastewater expected to drive future growth, with AI data centers projected for 20%+ expansion.

EMCOR Group, Inc. (EME) Q3 2025 Earnings Call Transcript

Revenue

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EME

EME fundamentals

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