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, Inc. (NYSE: FIX) is described in its public disclosures as a leading provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services. News about FIX often centers on its mechanical and electrical contracting activities, financial performance, capital allocation decisions and corporate governance developments.
Investors following Comfort Systems USA news can expect regular quarterly earnings releases that report revenue, net income, cash flow and backlog, along with management commentary on demand trends in key markets. These releases frequently include non-GAAP measures such as Adjusted EBITDA and free cash flow, with definitions and reconciliations, and are often accompanied by conference call and webcast announcements for further discussion of results.
The company also issues news regarding dividend declarations and increases, providing details on quarterly cash dividends, record dates and payment dates. In addition, Comfort Systems USA has announced changes and expansions to its stock repurchase program, including updates on shares repurchased and authorization levels, which are of interest to shareholders tracking capital allocation.
Other notable news items include leadership transitions and executive appointments, such as the planned appointment of a new President and Chief Operating Officer and succession in the General Counsel role, as well as disclosures about amended and restated credit facilities and investor presentations. Together, these updates give a view into Comfort Systems USA’s operations, financing arrangements and strategic direction. For investors and analysts, the FIX news feed provides a centralized way to review the company’s official announcements and financial communications over time.
Comfort Systems USA (NYSE: FIX) reported strong Q2 2024 results, with net income of $134.0 million ($3.74 per diluted share), up from $69.5 million in Q2 2023. Revenue increased to $1.81 billion, compared to $1.30 billion in the same quarter last year. The company's operating cash flow rose to $189.9 million, up from $125.4 million in 2023.
Backlog remained high at $5.77 billion as of June 30, 2024, with same-store backlog increasing 25% year-over-year. For the first half of 2024, Comfort Systems USA reported net income of $230.3 million ($6.43 per diluted share) and revenue of $3.35 billion. The company's strong performance is attributed to excellent execution and high demand across its operations.
Comfort Systems USA (NYSE: FIX), a leading provider of commercial, industrial, and institutional HVAC and electrical contracting services, has announced a quarterly dividend of $0.30 per share on its common stock. The dividend will be payable on August 23, 2024, to stockholders of record at the close of business on August 12, 2024. This declaration demonstrates the company's commitment to returning value to shareholders.
Comfort Systems USA operates in 177 locations across 136 cities nationwide, positioning itself as a premier provider of workplace comfort solutions. The company's extensive network underscores its significant market presence and potential for continued growth in the HVAC and electrical contracting sectors.
Comfort Systems USA, Inc. (NYSE:FIX), a leading provider of commercial, industrial, and institutional HVAC and electrical contracting services, has appointed Gaurav Kapoor to its Board of Directors. Kapoor, 46, is the Chief Financial & Operations Officer at AECOM (NYSE:ACM), bringing extensive public company finance, accounting, and executive management experience to FIX's board.
Kapoor oversees AECOM's global operations and finance, including regional operations, financial planning and analysis, reporting, shared services, internal audit, tax, treasury, and global real estate. His appointment is expected to bring fresh perspectives and best practices to Comfort Systems' board, enhancing financial oversight and strategic performance.
Comfort Systems USA (NYSE: FIX), a leading provider of mechanical and electrical contracting services, has scheduled its second quarter 2024 conference call and webcast for Friday, July 26, 2024, at 10:00 a.m. Central Time. The company will release its financial results after market close on Thursday, July 25, 2024. The call will be broadcast live in listen-only mode on the company's website, with a slide presentation available under the "Investors" tab. Participants can register to join the call and ask questions, or access the listen-only webcast link. A replay will be available on the company's website the following business day.
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