Welcome to our dedicated page for Comfort Systems USA news (Ticker: FIX), a resource for investors and traders seeking the latest updates and insights on Comfort Systems USA stock.
Comfort Systems USA, Inc. (symbol: FIX) is a leading national corporation specializing in heating, ventilation, and air conditioning (HVAC) services. Our vast portfolio spans various types of buildings, including commercial, industrial, and institutional structures. With nearly thirty years of experience per acquired company, we offer a complete range of HVAC services, ensuring optimal indoor climate control anywhere, anytime.
At Comfort Systems USA, we pride ourselves on our extensive range of services, which include HVAC design, installation, maintenance, and fine-tuning. Our technical experts are adept at handling projects for downtown high-rises, hospitals, universities, and national hotels. We also provide HVAC solutions for factories and industrial plants that produce everything from food products to high-tech components.
Our operations are divided into two primary segments: Mechanical Services and Electrical Services, with the majority of revenue generated from the Mechanical Services segment. This includes HVAC, plumbing, piping, controls, and other mechanical contracting work. We offer installation services for newly constructed facilities as well as maintenance services for existing buildings, ensuring our clients receive comprehensive support throughout the lifecycle of their systems.
Comfort Systems USA has grown significantly by merging the talents of top HVAC-related firms across the country, enabling us to offer unparalleled technical expertise and service range. Our national presence allows us to provide consistent, high-quality services that exceed industry standards.
Recent achievements highlight our commitment to excellence. From completing major projects in high-profile buildings to forming strategic partnerships that enhance our service offerings, we are dedicated to advancing the HVAC industry and improving the environments in which people live and work.
Stay updated with the latest news and developments about Comfort Systems USA, Inc., to understand how we continue to lead and innovate in the HVAC sector.
Comfort Systems USA (NYSE: FIX) reported strong Q3 2024 results with net income of $146.2 million ($4.09 per share), up from $105.1 million ($2.93 per share) in Q3 2023. Revenue increased to $1.81 billion from $1.38 billion year-over-year. Operating cash flow reached $302.2 million, compared to $214.2 million in 2023. Backlog stood at $5.68 billion as of September 30, 2024, with same-store backlog up 21% year-over-year. Same-store revenue grew 18% quarterly and 23% year-to-date. For the first nine months of 2024, the company reported net income of $376.6 million ($10.52 per share) and revenue of $5.16 billion.
Comfort Systems USA (NYSE: FIX), a leading provider of commercial HVAC and electrical contracting services, has announced a dividend increase of $0.05, bringing the quarterly dividend to $0.35 per share. The dividend will be paid on November 25, 2024, to stockholders of record as of November 14, 2024. The company operates across 178 locations in 137 cities nationwide, providing workplace comfort solutions.
Comfort Systems USA (NYSE: FIX), a leading provider of mechanical and electrical contracting services, has scheduled its third quarter 2024 financial results conference call and webcast for Friday, October 25, 2024, at 10:00 a.m. Central Time. The results will be released after market close on Thursday, October 24, 2024. The conference call will be broadcast live in listen-only mode on the company's website, with a slide presentation available under the 'Investors' tab. Participants can register to join the call and ask questions, or access the listen-only webcast link. A replay will be available on the company's website the following business day.
Comfort Systems USA operates in 178 locations across 137 cities nationwide, providing workplace comfort solutions.
The National Association of Corporate Directors (NACD) has announced the honorees of the 2024 NACD Directorship 100™, recognizing leading corporate directors and governance experts. The awards include the B. Kenneth West Lifetime Achievement Award, given to Michael Daniels and Maggie Wilderotter for their notable achievements in board careers.
The Director of the Year recipients are:
- Public Company: Herman Bulls (Fluence Energy, USAA, JLL, and others)
- Private Company: Greg Cessna (Maclean Fogg, Hillandale, Henderson Brothers)
- Nonprofit: Hon. Robert A. McDonald (Elizabeth Dole Foundation, West Point Association of Graduates)
The honorees will be recognized at the 2024 NACD Directorship 100 Awards Gala on December 16 in New York City and featured in NACD Directorship® magazine.
Comfort Systems USA (NYSE: FIX), a leading provider of HVAC and electrical contracting services, has announced an expansion of its stock repurchase program. The company's Board of Directors has approved an amendment to increase the authorized share repurchase by 411,426 shares, bringing the total available for repurchase up to 1,000,000 shares of outstanding common stock.
Previously, the company had repurchased 10,355,551 shares at an aggregate price of $299,559,997 through August 7, 2024. This extension will 'top off' the plan, allowing Comfort Systems USA to repurchase additional shares beyond what has already been purchased. The repurchases will be made at the company's discretion in open market or privately negotiated transactions, subject to market conditions and other factors.
Comfort Systems USA (NYSE: FIX) reported strong Q2 2024 results, with net income of $134.0 million ($3.74 per diluted share), up from $69.5 million in Q2 2023. Revenue increased to $1.81 billion, compared to $1.30 billion in the same quarter last year. The company's operating cash flow rose to $189.9 million, up from $125.4 million in 2023.
Backlog remained high at $5.77 billion as of June 30, 2024, with same-store backlog increasing 25% year-over-year. For the first half of 2024, Comfort Systems USA reported net income of $230.3 million ($6.43 per diluted share) and revenue of $3.35 billion. The company's strong performance is attributed to excellent execution and high demand across its operations.
Comfort Systems USA (NYSE: FIX), a leading provider of commercial, industrial, and institutional HVAC and electrical contracting services, has announced a quarterly dividend of $0.30 per share on its common stock. The dividend will be payable on August 23, 2024, to stockholders of record at the close of business on August 12, 2024. This declaration demonstrates the company's commitment to returning value to shareholders.
Comfort Systems USA operates in 177 locations across 136 cities nationwide, positioning itself as a premier provider of workplace comfort solutions. The company's extensive network underscores its significant market presence and potential for continued growth in the HVAC and electrical contracting sectors.
Comfort Systems USA, Inc. (NYSE:FIX), a leading provider of commercial, industrial, and institutional HVAC and electrical contracting services, has appointed Gaurav Kapoor to its Board of Directors. Kapoor, 46, is the Chief Financial & Operations Officer at AECOM (NYSE:ACM), bringing extensive public company finance, accounting, and executive management experience to FIX's board.
Kapoor oversees AECOM's global operations and finance, including regional operations, financial planning and analysis, reporting, shared services, internal audit, tax, treasury, and global real estate. His appointment is expected to bring fresh perspectives and best practices to Comfort Systems' board, enhancing financial oversight and strategic performance.
Comfort Systems USA (NYSE: FIX), a leading provider of mechanical and electrical contracting services, has scheduled its second quarter 2024 conference call and webcast for Friday, July 26, 2024, at 10:00 a.m. Central Time. The company will release its financial results after market close on Thursday, July 25, 2024. The call will be broadcast live in listen-only mode on the company's website, with a slide presentation available under the "Investors" tab. Participants can register to join the call and ask questions, or access the listen-only webcast link. A replay will be available on the company's website the following business day.
FAQ
What is the current stock price of Comfort Systems USA (FIX)?
What is the market cap of Comfort Systems USA (FIX)?
What services does Comfort Systems USA, Inc. provide?
What type of buildings does Comfort Systems USA, Inc. serve?
How experienced is Comfort Systems USA, Inc.?
What segments does Comfort Systems USA, Inc. operate in?
Does Comfort Systems USA, Inc. offer services for new constructions?
What makes Comfort Systems USA, Inc. stand out in the industry?
Where is Comfort Systems USA, Inc. headquartered?
What recent achievements has Comfort Systems USA, Inc. accomplished?
What industries does Comfort Systems USA, Inc. serve?
How can I stay updated about Comfort Systems USA, Inc.?
