Certain measures in this presentation are not measures calculated in accordance with generally accepted accounting principles ("GAAP"). They should not be considered a replacement for GAAP results. Non-GAAP financial measures appearing in these slides are identified in the footnote. See the Appendices for a reconciliation of these non-GAAP measures to the most comparable GAAP financial measures. Gross Profit percentage increased to 20.1% vs. 17.6% in Q2 2023 Q2 2024 Backlog was $5.77 billion compared to $5. ...

Comfort Systems (FIX) came out with quarterly earnings of $3.74 per share, beating the Zacks Consensus Estimate of $3.11 per share. This compares to earnings of $1.93 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates four times. What's Next for Comfort Systems? While Comfort Systems has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Empi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-13011 COMFORT SYSTEMS USA, INC. (Exact name of registrant as specified in its charter) Delaware (State or other ...

CONTACT:Julie Shaeff, Chief Accounting Officer 675 Bering Drive, Suite 400 ir@comfortsystemsusa.com; 713-830-9687 Houston, Texas 77057 713-830-9600 For the quarter ended June 30, 2024, net income was $134.0 million, or $3.74 per diluted share, as compared to $69.5 million, or $1.93 per diluted share, for the quarter ended June 30, 2023. Revenue for the second quarter of 2024 was $1.81 billion compared to $1.30 billion in 2023. The Company reported operating cash flow of $189.9 million in the current quarter ...

The Zacks Construction sector is poised to release its second-quarter results amid a challenging environment marked by high interest rates and rising material and labor costs. Although the shortage of existing homes for sale is somewhat driving single-family residential construction, the uncertainty surrounding the Federal Reserve's rate cuts remains a significant obstacle. Nevertheless, the sector is benefiting from a substantial infrastructure drive led by the U.S. government, as well as growth in the tel ...

Comfort Systems has an impressive track record of surpassing earnings expectations, exceeding the consensus mark in each of the last four quarters. The average surprise over this period is 20%, as shown in the chart below. The Zacks Consensus Estimate for the second-quarter EPS has increased to $3.11 from $3.04 over the past seven days. The estimated figure indicates a 61.1% increase from the year-ago EPS of $1.93. Also, the consensus mark for revenues is $1.66 billion, indicating 27.7% year-over-year growt ...

For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Comfort Systems (FIX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question. The Zacks Rank is a proven system that emphasizes earnings estimates an ...

This heating, ventilation and air conditioning company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 18.82%. Price and EPS Surprise Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stock ...

The company finished Q1 2024 with $607 million in net cash on its balance sheet and three-year annualized growth rate for operating income of 22.0%. Its revenues grew by 11.9% annually over the past three years. The company's packaging and construction businesses had trailing 12-month adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) margins of 12.5% and 12.2%, respectively, through March 31. By comparison, its retail business, which is the largest by revenue, has an EBITDA ma ...

Comfort Systems (FIX) closed at $321.82 in the latest trading session, marking a +0.87% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.55%. Meanwhile, the Dow experienced a rise of 0.62%, and the technology-dominated Nasdaq saw an increase of 0.63%. Investors should also take note of any recent adjustments to analyst estimates for Comfort Systems. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward ...