Welcome to our dedicated page for Comfort Sys Usa news (Ticker: FIX), a resource for investors and traders seeking the latest updates and insights on Comfort Sys Usa stock.
Comfort Systems USA reports developments for a nationwide mechanical and electrical contracting business serving commercial, industrial and institutional facilities. Company news centers on HVAC, plumbing, piping, controls and electrical services, with operating updates tied to installation and maintenance work across newly built and existing buildings.
Recurring announcements include quarterly and annual results, backlog, operating cash flow, conference calls, dividend declarations on common stock, and management appointments. Updates also describe the company’s Mechanical services and Electrical services activities, with most revenue historically associated with Mechanical services.
Comfort Systems USA, Inc. (NYSE: FIX) has approved an amendment to its stock repurchase program, allowing up to 1,000,000 additional shares to be bought back, raising the total authorized repurchase to 9,548,169 shares. As of December 8, 2020, the company had repurchased 9,293,751 shares for approximately $181.87 million. This extension will allow the company to utilize available cash for the purchases, which may occur in the open market or through private transactions, subject to market conditions.
Comfort Systems USA (NYSE: FIX) reported a net income of $50.1 million for Q3 2020, compared to $36.2 million in Q3 2019, reflecting a rise in earnings per diluted share from $0.98 to $1.36. Revenue increased slightly to $714.1 million from $706.9 million. However, operating cash flow fell to $52.6 million from $73.1 million year-over-year. The company's backlog decreased to $1.43 billion, down from $1.53 billion in Q2 2020. For the nine months ended September 30, 2020, net income was $107.3 million on revenue of $2.16 billion.
Comfort Systems USA, Inc. (NYSE: FIX) has declared a quarterly dividend of $0.11 per share, reflecting a $0.005 increase from the previous dividend. This dividend is payable on November 20, 2020, to stockholders of record by the close of business on November 9, 2020. The company is recognized for its comprehensive services in commercial, industrial, and institutional heating, ventilation, air conditioning, and electrical contracting, boasting 137 locations across 112 cities nationwide.
Comfort Systems USA, Inc. (NYSE: FIX) has announced its upcoming quarterly conference call scheduled for October 27, 2020, at 10:00 a.m. CT. The call will discuss the financial results for the third quarter of 2020, which will be released after market close on October 26, 2020. Participants can join the call by dialing 1-888-713-4218 and using the passcode 19158926. A replay of the call will be available on the company's website the following day. Comfort Systems operates 137 locations across 112 cities nationwide, providing mechanical and electrical contracting services.