Company: EME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000105634-25-000078
Chunk: 125

Company: EMCOR Group, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 125
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762)— Consolidated operating income405,696 9.4 %363,538 9.8 %Other items:Net periodic pension income56 227 Interest income, net1,838 8,312 Income before income taxes$407,590 $372,077 

 For the nine months ended September 30,2025% ofSegmentRevenues2024% ofSegmentRevenuesOperating income (loss):United States electrical construction and facilities services$438,901 11.8 %$299,284 12.4 %United States mechanical construction and facilities services654,780 12.8 %578,991 12.2 %United States building services145,858 6.2 %135,860 5.8 %United States industrial services12,633 1.4 %34,004 3.5 %Total United States operations1,252,172 10.4 %1,048,139 10.0 %United Kingdom building services20,975 5.6 %16,651 5.2 %Corporate administration(133,483)— (108,491)— Consolidated operating income1,139,664 9.1 %956,299 8.9 %Other items:Net periodic pension income165 670 Interest income, net3,985 21,959 Income before income taxes$1,143,814 $978,928 

36

Operating income for the three months ended September 30, 2025 was $405.7 million, an increase of $42.2 million compared to operating income of $363.5 million for the three months ended September 30, 2024. Operating margin for the three months ended September 30, 2025 was 9.4% compared to an operating margin of 9.8% for the three months ended September 30, 2024. As described in further detail below, the quarterly increase in operating income was predominantly driven by greater contribution from our United States construction segments, due to the revenue growth they experienced, while the 40 basis point reduction in operating margin was attributable to a decrease in the operating margin of our United States electrical construction and facilities services segment. For the nine months ended September 30, 2025, operating income was $1,139.7 million, an increase of $183.4 million compared to