---
schema_version: "secwatch.filing_event.v1"
accession: "0000105634-23-000016"
form_type: "8-K"
ticker: "EME"
cik: "0000105634"
company_name: "EMCOR Group, Inc."
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:05:37.724705+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# EMCOR Q1 record revenue $2.89B, EPS $2.32 (+66.9% YoY); raises FY EPS guidance

## Summary
- Record Q1 revenues of $2.89B, up 11.5% YoY; diluted EPS of $2.32 vs $1.39.
- Remaining performance obligations of $7.87B, up 32.3% YoY.
- Raises FY2023 diluted EPS guidance to $9.25-$10.00 from $8.75-$9.50; revenue guidance unchanged at $12.0-12.5B.
- U.S. Electrical Construction revenue +23.5% YoY; U.S. Mechanical Construction operating margin 8.0%.
- U.K. Building Services revenue and operating income declined due to recessionary pressure and FX headwinds.

## SEC filing metadata
- accession: 0000105634-23-000016
- form_type: 8-K
- ticker: EME
- cik: 0000105634
- company_name: EMCOR Group, Inc.
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/105634/000010563423000016/0000105634-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/105634/000010563423000016/eme-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000105634-23-000016
- JSON: https://secwatch.observer/filing/0000105634-23-000016.json
- Plain text: https://secwatch.observer/filing/0000105634-23-000016.txt

## Key facts
- Debt Financings
  EMCOR Group, Inc. amended credit facility with Bank of Montreal (as Agent) and certain other lenders at Adjusted Term SOFR plus 1.00% to 1.75%.
  - Instrument: credit facility
  - Counterparty: Bank of Montreal (as Agent) and certain other lenders
  - Rate: Adjusted Term SOFR plus 1.00% to 1.75%
  - Event: amendment
  source text: The Credit Amendment provides for, among other changes, the replacement of the London interbank offered rate-based interest rate with a term secured overnight financing rate-based interest rate plus a 0.10% credit spread adjustment (the “Adjusted Term SOFR”). SOFR borrowings under the Credit Agreement, as amended, bear interest at Adjusted Term SOFR plus 1.00% to 1.75%, based on certain financial tests.
  evidence_url: https://www.sec.gov/Archives/edgar/data/105634/000010563423000016/0000105634-23-000016-index.htm
- Earnings Releases
  EMCOR Group, Inc. reported first quarter 2023 results: revenue $2.89 billion, net income $111.5 million, EPS $2.32 per diluted share. Guidance raised.
  - Period: first quarter 2023
  - Revenue: $2.89 billion
  - Net income: $111.5 million
  - EPS: $2.32 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: - Record First Quarter Revenues of $2.89 billion, 11.5% Increase Year-over-Year - - Record First Quarter Diluted EPS of $2.32, 66.9% Increase Year-over-Year - - Record Remaining Performance Obligations of $7.87 billion, 32.3% Increase Year-over-Year - - Increases 2023 Diluted EPS Guidance Range to $9.25 - $10.00 from $8.75 - $9.50 -
  evidence_url: https://www.sec.gov/Archives/edgar/data/105634/000010563423000016/0000105634-23-000016-index.htm
- Material Agreements
  EMCOR Group, Inc. amended First Amendment to Sixth Amended and Restated Credit Agreement with Bank of Montreal, as Agent, and certain other lenders (effective 2023-04-28).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of Montreal, as Agent, and certain other lenders
  - Effective: 2023-04-28
  source text: entered into the First Amendment to Sixth Amended and Restated Credit Agreement (the “Credit Amendment”) dated as of April 28, 2023 with Bank of Montreal, as Agent, and certain other lenders listed on the signature pages thereof.
  evidence_url: https://www.sec.gov/Archives/edgar/data/105634/000010563423000016/0000105634-23-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.