Comfort Sys Usa Stock Price, News & Analysis

Comfort Systems USA reported its first-quarter 2023 results, showing a net income of $57.2 million or $1.59 per diluted share, down from $86.8 million or $2.40 per diluted share from the previous year. Total revenue rose significantly to $1,174.6 million from $885.2 million in Q1 2022. The quarter benefited from a diluted per-share net gain of $0.12, primarily due to a tax change and favorable litigation resolutions. Operating cash flow doubled to $126.9 million, reflecting strong operational performance. The backlog increased to $4.44 billion from $4.06 billion at the end of 2022, demonstrating ongoing demand in construction sectors. CEO Brian Lane expressed optimism about continued growth and profitability, attributing success to operational excellence and market demand.

Comfort Systems USA, Inc. (NYSE: FIX) has declared a quarterly dividend of $0.20 per share, marking a $0.025 increase from its previous dividend. This dividend will be paid on May 29, 2023 to stockholders of record as of May 18, 2023. With a presence in 173 locations across 132 cities, Comfort Systems continues to solidify its role as a leading provider of HVAC and electrical services. The increase in the dividend reflects the company's commitment to returning value to its shareholders while maintaining stability in its operations.

Comfort Systems USA, Inc. (NYSE: FIX) has announced its quarterly conference call scheduled for April 27, 2023, at 10:30 a.m. Central Time to discuss first-quarter 2023 financial results.

The results will be disclosed after market close on April 26, 2023. Investors can access the call via the company’s website, where a replay will be available the following business day.

With 173 locations in 132 cities, Comfort Systems USA continues to be a leading provider of comprehensive mechanical and electrical contracting services in the United States.

Comfort Systems USA, Inc. (NYSE: FIX) reported a robust financial performance for the fourth quarter and fiscal year 2022. Net income reached $55.4 million or $1.54 per diluted share, compared to $37.6 million in Q4 2021. Annual revenue surged to $4.14 billion, up from $3.07 billion in 2021, with a significant operating cash flow increase to $301.5 million. The company's backlog climbed to $4.06 billion. Additionally, Comfort Systems acquired Eldeco, Inc., anticipated to contribute $130 million to $140 million in annual revenue, enhancing its electrical segment.

Comfort Systems USA, Inc. (NYSE: FIX) has announced a quarterly dividend increase to $0.175 per share, up $0.025 from the previous dividend. The dividend is scheduled for payment on March 21, 2023, to shareholders on record as of March 10, 2023. As a leading provider in HVAC and electrical contracting services, Comfort Systems operates 169 locations across 128 cities in the United States, emphasizing workplace comfort solutions.

Comfort Systems USA, Inc. (NYSE: FIX) has scheduled its quarterly conference call for February 23, 2023, to discuss fourth quarter 2022 financial results. The results will be released post-market on February 22, 2023. Investors can listen to the call live on the company’s website, with a replay available the following business day. Comfort Systems, a provider of mechanical and electrical contracting services, operates 169 locations in 128 cities across the nation. For more details, visit www.comfortsystemsusa.com.

Comfort Systems USA, Inc. (NYSE: FIX) reported a substantial increase in its financial results for Q3 2022, achieving a net income of $61.5 million, or $1.71 per diluted share, up from $46.3 million, or $1.27 per diluted share, in Q3 2021. Revenue surged to $1.12 billion from $833.9 million year-over-year. Additionally, operating cash flow rose to $61.2 million. Backlog grew to $3.25 billion, reflecting strong demand. For the nine months ending September 30, 2022, net income reached $190.5 million, with revenue totaling $3.02 billion, marking significant growth compared to 2021.