Comfort Sys Usa Stock Price, News & Analysis

Comfort Systems USA (NYSE: FIX) reported its 2021 financial results, showing a fourth-quarter net income of $37.6 million ($1.04 per diluted share) compared to $42.8 million ($1.17) in 2020. Revenue increased to $856.1 million from $699 million. The annual net income was $143.3 million ($3.93 per diluted share), down from $150.1 million ($4.09). Operating cash flow for 2021 was $180.2 million, down from $286.5 million in 2020. The company expects an additional $30 million in after-tax income due to tax refund settlements, enhancing its outlook for 2022.

Comfort Systems USA, Inc. (NYSE: FIX) has declared a quarterly dividend of $0.13 per share, payable on March 22, 2022. Stockholders of record by close of business on March 11, 2022 will receive the dividend. The company operates 169 locations across 126 cities, providing essential heating, ventilation, air conditioning, and electrical services.

Comfort Systems USA, Inc. (NYSE: FIX) has announced its quarterly conference call scheduled for February 24, 2022 at 11:00 a.m. Central Time. This call will discuss the fourth quarter 2021 financial results, which will be released after the market closes on February 23, 2022. Investors can access the live call on the Company’s website. A replay will be available the following day.

Comfort Systems USA, Inc. (NYSE: FIX) has acquired MEP Holding Co., Inc. and its subsidiaries, including Edwards Electrical & Mechanical, Inc., located in Indianapolis, Indiana. Edwards is projected to generate annual revenues of $85 to $95 million, with EBITDA between $6 to $8 million. Additionally, Comfort Systems USA acquired Thermal Service, LLC and Kodiak Labor Solutions, LLC. Thermal is expected to add $20 million in annual revenues, while Kodiak will bolster staffing resources. The overall impact of these acquisitions is expected to be neutral to slightly accretive to earnings per share in the next two years.

Comfort Systems USA, Inc. (NYSE: FIX) has announced a definitive agreement to acquire Ivey Mechanical Company, LLC, based in Kosciusko, Mississippi. Founded in 1947, Ivey provides mechanical contracting services across the Southeastern U.S. The acquisition is expected to contribute $150 million to $160 million in annual revenues and $7 million to $9 million in EBITDA. The deal is anticipated to be neutral to slightly accretive to earnings per share in 2022 and 2023. Comfort Systems aims to leverage Ivey's workforce and services, enhancing operational capacity and market presence.

Comfort Systems USA reported solid growth for Q3 2021, with net income of $46.3 million or $1.27 per diluted share, down from $50.1 million or $1.36 per share in Q3 2020. Revenue rose to $833.9 million, a 16.7% increase from $714.1 million in 2020. Operating cash flow was $42.6 million, down from $52.6 million last year. The backlog surged to $1.94 billion, up from $1.84 billion in Q2 2021 and $1.43 billion a year ago. For the nine months ending September 30, 2021, net income was $105.8 million, and revenue reached $2.22 billion.

Comfort Systems USA (NYSE: FIX) has declared a quarterly dividend of $0.13 per share, marking a $0.01 increase from the previous dividend. This dividend is scheduled for payment on November 23, 2021, to stockholders of record by November 12, 2021. The company operates 152 locations across 120 cities, providing essential HVAC and electrical contracting services.

Comfort Systems USA, Inc. (NYSE: FIX) is set to hold its quarterly conference call on October 28, 2021, at 10:30 a.m. Central Time to discuss its third quarter financial results, which will be released after market close on October 27, 2021. The call will be available for live listening on the Company’s website, and a replay will follow the next business day. Comfort Systems operates 152 locations across 120 cities, providing mechanical and electrical contracting services.

Soil Connect has raised additional funding led by Heartland Ventures, with participation from existing investors including CEMEX Ventures and TIA Ventures, as well as new investors like Romulus Capital and ARKA Ventures. The funds will support technology development and team expansion. Mark Accomando joins the board, along with four construction industry experts. Soil Connect's innovative solutions, such as the eRegulatory module and eTickets, are designed to streamline operations in the construction sector, indicating strong market potential and investor confidence.