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.
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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
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.
Comfort Systems USA, Inc. (NYSE: FIX) announced a quarterly dividend of $0.15 per share, marking a $0.01 increase from its previous dividend. The dividend will be payable on November 28, 2022, to stockholders of record as of the close of business on November 17, 2022. Comfort Systems USA operates 173 locations in 129 cities, providing comprehensive heating, ventilation, air conditioning, and electrical contracting services across the U.S.
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