Record Quarterly Revenue and Operating Earnings
Consolidated revenues for Q2 FY2026 reached an all-time record $5.15B, up 19.8% YoY from $4.30B, supported by broad-based market demand and $169.2M in incremental acquisition revenues. Operating income hit a second-quarter record of $547.34M (10.6% operating margin), up 31.8% YoY.
Data Center Demand Propels Construction Segments
U.S. Electrical Construction revenues expanded 24.0% YoY to $1.66B, and U.S. Mechanical Construction revenues grew 31.1% YoY to $2.30B. Growth across both construction segments was primarily driven by high demand for data center projects within the network and communications market sector.
Record Backlog and Unfilled Performance Obligations
Remaining performance obligations reached a record $17.14B at June 30, 2026, an increase of $3.89B (+29.3%) compared to $13.25B at December 31, 2025. The expansion was led by network and communications data center project awards and healthcare contract gains in the Northeast.