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 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
Comfort Systems USA, Inc. (NYSE: FIX) has announced its quarterly conference call scheduled for
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
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.
Comfort Systems USA, Inc. (NYSE: FIX) has completed the acquisition of the Amteck family of companies, enhancing its electrical contracting capabilities in the Southeastern U.S.
Founded in 1977, Amteck provides a range of electrical solutions, expected to contribute annual revenues of $175 million to $200 million and EBITDA of $14 million to $17 million. Initially, the acquisition will have a neutral to slightly accretive effect on earnings per share.
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