EMCOR : Shareholder Engagement Spring 2026 (Q2 Shareholder Engagement Spring 2026 Final)

Published: 2026-05-04 12:11:10 ET EME

Published on 05/04/2026 at 12:11 pm EDT

Spring 2026

A Few Key Metrics

3

$16.99B

2025 Revenue

Key Highlights

» A Fortune 500® company, and a member of the S&P 500, EMCOR Group, Inc. (NYSE: EME) is a leader in mechanical and electrical construction, industrial and energy infrastructure, and building services

$15.62B

RPOs1

» Service offerings specialize in the planning, installation, operation, maintenance, and protection of complex, sophisticated and dynamic systems and critical infrastructure in facilities, including:

Mechanical

Air Conditioning

Electrical

~47,7001

Employees

Lighting

Heating

Fire Protection

Security

>80%

Operating Cash Flow Conversion2,3

Power Generation

~100M

Hours Worked2

» EMCOR companies serve a diverse range of non-residential sectors across many parts of the economy

» Benefitting from multiple trends across data centers and connectivity; reshoring and nearshoring; efficiency and sustainability; and energy transition and expansion

1. As of 3/31/26

4 2. For the twelve-month period ended 12/31/25

3. Operating cash flow conversion defined as operating cash flow / operating income; excludes gain on sale of United Kingdom operations

EMCOR Corporate Governance

Our history of good corporate governance practices has supported our long-term success

Board / Committee Independence

Board Practices

Stock Ownership / Compensation

Accountability

» Independent Lead Director with specified duties and responsibilities

» Independent Board (9 of 10 Directors)

» Fully independent Audit, Compensation and Personnel, and Nominating and Corporate Governance Committees

» Annual Board assessments and succession planning

» Independent Directors hold executive sessions

» Director retirement and term limit policies

» Orientation program for new Directors and continuing education for existing Directors

» Stock ownership guidelines for named Executive Officers and Directors

» Prohibition on hedging and pledging by Executive Officers and Directors

» Executive compensation recoupment policy

» Annually elected Board

» Stockholder right to call a special meeting

» Majority voting standard

in director elections

» Stockholder ability

to amend by-laws with

majority vote

» Proxy access right

» Prohibition on contributions to political candidates and PACs

Our Board of Directors

Six directors have retired, and five new directors have been added since 2018

Ongoing Board Refreshment

Experienced leaders with a range of relevant backgrounds Deliberately assembled to advance our strategy

Anthony Guzzi

Chairman, President & CEO EMCOR

John Altmeyer

Vice Chairman GAF

» Manufacturing, distribution, strategic development, operations, management, and industry expertise

» Prior COO of EMCOR and President of a division of Carrier

» Management, operations, business development, and construction materials expertise

» Over 20 years of experience in the construction materials industry

Amy Dahl

Former Vice President, International Business & Strategy

The Toro Company

» Strategy, operations, M&A, Legal Compliance, HR, Corporate Governance

» Prior Senior Associate at Norton Rose Fulbright and Principal at Lathrop GPM.

Maj. Gen. Ronald Johnson

Chief of Staff and Senior Vice President for Strategic Initiatives

Georgia Institute of Technology

» 40+ years of strategic leadership and management experience, and a broad range of technical and operational knowledge, including IT security

» Prior Deputy Commanding General & Deputy Chief of Engineers, U.S. Army

» Management, engineering, strategic development, operations, and information technology

» Prior Executive Vice President and Chief Operating Officer of Moog Inc.

Patrick Roche

President and CEO Moog Inc.

Carol Lowe

Former CFO FLIR Systems

Kevin McEvoy

Lead Independent Director EMCOR

» Financial, accounting, operations, cybersecurity, and corporate governance expertise

» Prior CFO of Sealed Air and of Carlisle FoodService Products

» Finance, corporate governance, cybersecurity, engineering, construction, and oil and gas expertise

» Prior CEO of Oceaneering International

William Reid

Former CEO EMCOR Industrial Services

» Finance, operations, oil and gas, and petrochemical expertise

» Prior CEO of Ohmstede

Steven Schwarzwaelder

Former Director McKinsey & Co.

» Strategy, operations, M&A, and marketing expertise

» Prior member of McKinsey's Director's Advisory Committee

Robin Walker-Lee

Former General Counsel TRW Automotive Holdings

» Corporate governance, international, operations, and legal expertise

» Prior Assistant GC of Operations at General Motors

Our approach to committee composition and responsibilities

Lowe (Chair); Dahl; McEvoy; Reid

Board Role in Risk Oversight

Compensation and Personnel Committee

Audit Committee

Assists the Board in its oversight of the integrity of the Company's financial statements, the independent auditor's qualifications and independence, compliance by the Company with legal and regulatory requirements, and oversight of cybersecurity risks

Altmeyer (Chair); McEvoy; Schwarzwaelder

Approves and evaluates all compensation plans, policies, and programs for the CEO, the senior executives and other officers

Walker-Lee (Chair); Johnson; McEvoy

Nominating and Corporate Governance Committee

Identifies and recommends director nominees, recommends corporate governance guidelines, oversees Environmental, Social & Governance Programs, and leads the Board in its annual review of the Board's performance and compensation

» Our Board of Directors performs risk oversight primarily through its Audit Committee

Oversees our major risk exposures and the steps management has taken to monitor and control such exposures

Receives periodic reports relating to human capital, safety, and risk management, including quarterly cybersecurity updates

Provides a report of each meeting of the Audit Committee to our full Board

Evaluates risks posed by climate change

» Our Board of Directors supports and oversees the initiatives, policies, and culture that we believe help make our business sustainable

» Our Board of Directors also provides risk oversight through its periodic reviews of financial and operational performance

MISSION FIRST, PEOPLE ALWAYS CULTURE GUIDES OUR STRATEGY AND OPERATIONS

» Foundational focus on our workforce and culture that values integrity, discipline, transparency, mutual respect and trust, commitment to safety, and teamwork

» Striving for a zero-injury environment and culture across our operating subsidiaries

» Industry leading TRIR - less than half the industry average for the 17th consecutive year

» Our commitment to safety and investment in talent make EMCOR an employer-of-choice

Our People

» We are committed to strong sustainability practices and strive to be transparent on these initiatives, in-line with our shareholders' expectations

» Our sustainability reporting is guided by the Sustainability Accounting Standards Board (SASB) standard for the Engineering and Construction Services industry

» Incorporated guidance from the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) to disclose scope 1, 2 and 3 greenhouse gas emissions and set forward-looking reduction goals for scope 1 and 2

Sustainability

TOTAL HOURS WORKED

TOTAL RECORDABLE INCIDENT RATE (TRIR)

~100m

~62m

2.4

30 - 40%

Per capita reduction in carbon-based fuel consumption across service fleet

20%

Reduction in per capita Scope 1 and 2 GhG emissions

2035 ENERGY AND EMISSIONS GOALS

<1.0

2015 2025

2025 Industry Average

Environmental Sustainability Policies

We have adopted governance policies, and undertaken specific initiatives, that reflect our

commitment to sustainability & environmental responsibility

Environmental Handbook

» Since 2009, we have provided our employees with clear guidelines to identify and comply with broadly-applicable environmental regulatory requirements

» Company-wide resource provided to all employees, offering practical guidance on key topics of environmental responsibility

Third Party Advisors and Accountability

» Work closely with a leading global consulting firm to review compliance company-wide and advise us on any testing needed to comply with all applicable laws, our own internal policies, and customer requirements

» Partnered with EcoVadis, an international sustainability platform, to evaluate our sustainability efforts and provide independent corporate social responsibility ratings for each of our business segments

» Engaged third party consulting firm to assist us in developing leading processes and procedures for gathering and reporting our GHG emissions and complying with new disclosure requirements

» Gold member of U.S. Green Building Council; 100s of LEED-accredited technicians across EMCOR

Helping Customers Improve Efficiency

» Provide clients with expertise, technology and smart solutions to maximize their energy efficiency and give them greater control over their energy use, sourcing and costs through equipment replacement, systems optimization, building and HVAC control system upgrades, lighting system updates, and renewable energy and distributed energy solutions

» Includes analyzing and designing energy projects for customer facilities, lowering energy costs and reducing our customers' carbon footprint, retrofitting facilities and re-commissioning, among other initiatives

We share the broad concerns about the risks and impacts of global climate change and are proud that many of our services and areas of expertise are important elements of various efforts to address and mitigate climate change risks

Each year, segment heads will be presented with the year's budget for grants

Any project priorities or themes (e.g. solar, retrofit, HVAC upgrades, etc.) will be communicated

Review of program requirements and process

Operating companies submit proposals

Must contain budget estimates, payback period, and sustainability benefits

EMCOR Group, Inc. team will evaluate each project

Data requests and site visits will be performed as needed

Projects will be chosen based on the given year's priorities and the projected payback

Funds will be granted up to the stated budget for that year

» Two solar projects have been approved through the fund

» One project, a ground-mounted solar array, has been completed and is exceeding performance expectations in Fort Wayne, Indiana

» A second solar array to be installed on the roof of a pipe storage facility is in the early stages of construction

» Both projects offset electricity consumption and generate utility savings with payback periods less than 10 years

Our culture of sustainability runs through everything we do. Customers look to us for expertise on smarter, more efficient use of energy and resources-from solar solutions to lighting retrofits to indoor air quality.

Supporting a sustainable organization through developing and caring for our people

Our Culture

» Our Board oversees our general corporate culture and "tone at the top" established by management

» Compliance updates from management and training programs at all levels, ensuring the EMCOR Values of Mission First: Integrity, Discipline, and Transparency and People Always: Mutual Respect and Trust, Commitment to Safety, and Teamwork, are reflected in our actions every day

Mutual Respect and Trust

» EMCOR works to foster a welcoming environment for our employees

» Non-management director and recruited corporate officer slates must include candidates with a variety of experience, perspectives and backgrounds

» EMCOR offers employees and their children college admissions consulting services including assistance in finding scholarships and financial aid awards

» For the year ended December 31, 2025, our OSHA Total Recordable Incident Rate (TRIR) was <1.0, less than half the industry average for the 17th consecutive year

Employee Safety

» EMCOR develops Safety Leadership through in-house mentoring, intercompany collaboration and enabling professional development through strategic partnerships such as our Safety Credentialing and Education Scholarship Fund - a pioneering workforce development effort with the Board of Certified Safety Professionals (BCSP)

» EMCOR's Changing the Way We Work program reduces the risk of injury, waste, and defects by investing in and focusing on innovative methods, process improvement, prefabrication and technology to reduce the risk of injury to our workforce

» EMCOR's Zero Injury Program combines all efforts to assist the Company in maintaining an industry leading TRIR through compliance, leadership development, and safety resources

Developing Our Workforce

» EMCOR's Learning Platform-EMCOR University Online-offers more than 250 online courses and a variety of interactive webinars

» EMCOR offers its senior executives three distinct leadership development programs

» EMCOR offers a leadership workshop for field employees

» EMCOR's Degree Assistance program offers tuition reimbursement to eligible employees working towards a degree at an accredited institution

2026 SUMMARY

» Record Remaining Performance Obligations of $15.62 billion coupled with diverse pipeline and operational capabilities provides us with visibility and momentum supporting our outlook for the remainder of 2026

» Customer investments in AI infrastructure and digital transformation are driving unprecedented activity within the Network and Communications market sector

» Other large, attractive end markets, including Water & Wastewater; Institutional; Healthcare; Manufacturing & Industrial; and High-Tech Manufacturing continue to have strong demand

» Robust demand for fire life safety projects and aftermarket services across most sectors with resumption in warehousing, distribution, and logistics projects

» HVAC retrofit projects, building controls installations and upgrades, and energy efficiency / Indoor Air Quality (IAQ) services continue to create aftermarket opportunities

» Macro uncertainties persist, including trade policy impacts (such as tariffs), supply chain disruption, rising commodity prices, elevated interest rates, legislative trends, energy and tax policy, and global conflicts; however, our teams have consistently demonstrated the ability to navigate complexity and deliver results

» We continue to execute with discipline, share knowledge across our organization, and leverage our workforce training and development programs, Virtual Design and Construction capabilities, prefabrication facilities, and advanced project planning methodologies

» Our disciplined approach to capital allocation, focused on organic investment, strategic acquisitions, and returning capital to shareholders has provided the foundation for our compounding record of success

In everything we do

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Treating people with dignity

efficiency, competence and

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ExeCution with precision,

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Zero accidents

Working together to develop and unleash

our full potential to achieve exceptional results

for our customers and shareholders

ELCOR

EMCOR GROUP, INC. Spring 2026

Click here to view our Sustainability Report and Sustainability Report Supplement

16

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BUILD

POWER

SERVICE

PROTECT

Disclaimer

EMCOR Group Inc. published this content on May 04, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 04, 2026 at 16:10 UTC.