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Comfort Systems USA, Inc. - FIX STOCK NEWS

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.

News

Comfort Systems USA Reports First Quarter Results

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Comfort Systems USA, Inc. (NYSE: FIX) reported impressive first-quarter results for 2024, with net income of $96.3 million, revenue of $1,537.0 million, and operating cash flow of $146.6 million. Backlog also saw a significant increase to $5.91 billion. The company's President and CEO highlighted strong performance, improved profitability, and optimistic outlook for 2024.
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Comfort Systems USA Announces First Quarter 2024 Conference Call and Webcast

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Comfort Systems USA, Inc. (NYSE: FIX) has announced its first quarter 2024 conference call and webcast scheduled for April 26, 2024, at 10:00 a.m. Central Time to discuss financial results. The call will be live on the Company's website. Participants can register to ask questions. The company operates in 136 cities nationwide and is a premier provider of workplace comfort solutions.
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Comfort Systems USA Reports Fourth Quarter and Full Year 2023 Results

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Comfort Systems USA, Inc. (NYSE: FIX) reported strong financial results for the quarter and annual period ended December 31, 2023. Net income increased to $91.6 million for the quarter, with revenue reaching $1,357.6 million. Annual net income rose to $323.4 million, with revenue hitting $5.21 billion. Operating cash flow also showed significant growth, reflecting a successful year for the company.
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Comfort Systems USA Declares Quarterly Dividend

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Comfort Systems USA, Inc. (FIX) declared a quarterly dividend of $0.25 per share on its common stock, payable on March 19, 2024. The company is a leading provider of HVAC and electrical contracting services with 172 locations nationwide.
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Comfort Systems USA Announces Fourth Quarter and Full Year 2023 Conference Call and Webcast

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Comfort Systems USA, Inc. (FIX) schedules quarterly conference call to discuss fourth quarter and full year 2023 financial results. The call will be held on February 23, 2024, at 10:00 a.m. Central Time, with results released on February 22, 2024. Participants can register to ask questions or access the webcast link for live broadcast.
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The Stephens Group, LLC Announces Sale of Summit Industrial Construction, LLC

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The Stephens Group, LLC has closed the sale of Summit Industrial Construction, LLC to Comfort Systems USA, Inc. Summit is a specialty industrial mechanical contractor offering engineering, design-assist, and turnkey construction services. The company is currently deployed on several major chip fabrication projects and is a trusted supplier to some of the world’s largest advanced technology, power, and industrial companies.
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Crewe Capital Delivers Strategic Buyer for J & S Mechanical Contractors, Inc.

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Crewe Capital successfully facilitates the acquisition of J & S Mechanical Contractors, Inc. by Comfort Systems USA Inc. The acquisition aims to preserve the culture and values of J & S while allowing for continued growth and innovation in the Mountain West. Comfort Systems USA emerged as the ideal partner after a complex process that involved identifying a strong set of transactional opportunities. The partnership is expected to benefit J & S's shareholders, employees, and other stakeholders, ensuring the continuation of the company's legacy.
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Comfort Systems USA Announces Acquisition

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Comfort Systems USA, Inc. (FIX) has closed the acquisition of Summit Industrial Construction, LLC, a specialty industrial mechanical contractor. Summit is expected to contribute annual revenues of $375-400 million and earnings of $35-40 million. The acquisition is expected to be neutral to slightly accretive to earnings per share in 2024 and 2025. Comfort Systems USA CEO, Brian Lane, expressed excitement over the acquisition and expects Summit to continue to innovate and grow as part of the company.
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The Stephens Group, LLC Announces Sale of Summit Industrial Construction, LLC to Comfort Systems USA

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The Stephens Group, LLC has entered into a definitive agreement to sell Summit Industrial Construction, LLC to Comfort Systems USA, Inc. (NYSE: FIX). Summit is a specialty industrial mechanical contractor offering engineering, design-assist, and turnkey construction services. It serves the advanced technology, power, and industrial sectors, with capabilities in modular and site-based construction. Summit is currently deployed on several major chip fabrication projects.
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Comfort Systems USA Announces Acquisition

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Comfort Systems USA, Inc. (NYSE: FIX) has agreed to acquire Summit Industrial Construction, LLC (Summit) headquartered in Houston, Texas. Summit is a specialty industrial mechanical contractor offering engineering, design-assist, and turnkey construction services of modular systems. The acquisition is expected to close in the first quarter of 2024. Summit is expected to contribute annualized revenues of approximately $360 million to $400 million and earnings before interest, taxes, depreciation, and amortization of $30 million to $45 million. The transaction is expected to expand and diversify Comfort Systems USA's modular construction offering, especially for advanced technology and heavy industrial customers.
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FAQ

What is the current stock price of Comfort Systems USA (FIX)?

The current stock price of Comfort Systems USA (FIX) is $476.25 as of November 20, 2024.

What is the market cap of Comfort Systems USA (FIX)?

The market cap of Comfort Systems USA (FIX) is approximately 17.0B.

What services does Comfort Systems USA, Inc. provide?

Comfort Systems USA, Inc. offers comprehensive HVAC services, including design, installation, maintenance, plumbing, piping, controls, and electrical components for commercial, industrial, and institutional buildings.

What type of buildings does Comfort Systems USA, Inc. serve?

We provide HVAC services for a wide range of buildings, including downtown high-rises, hospitals, universities, national hotels, factories, and industrial plants.

How experienced is Comfort Systems USA, Inc.?

While Comfort Systems USA is a relatively young company, each of our acquired companies averages nearly thirty years of experience in the HVAC industry.

What segments does Comfort Systems USA, Inc. operate in?

Comfort Systems USA, Inc. operates in two segments: Mechanical Services and Electrical Services, with the majority of revenue coming from Mechanical Services.

Does Comfort Systems USA, Inc. offer services for new constructions?

Yes, Comfort Systems USA, Inc. provides installation services for newly constructed facilities as well as maintenance services for existing buildings.

What makes Comfort Systems USA, Inc. stand out in the industry?

Our national presence, coupled with the merging of top HVAC-related firms, allows us to offer the widest range of technical expertise and services, exceeding industry standards.

Where is Comfort Systems USA, Inc. headquartered?

Comfort Systems USA, Inc. is headquartered in Houston, Texas, with operations throughout the United States.

What recent achievements has Comfort Systems USA, Inc. accomplished?

Comfort Systems USA, Inc. has completed major projects in high-profile buildings and formed strategic partnerships to enhance our service offerings and drive innovation in the HVAC sector.

What industries does Comfort Systems USA, Inc. serve?

We serve a variety of industries, including commercial, healthcare, education, hospitality, and industrial sectors.

How can I stay updated about Comfort Systems USA, Inc.?

You can stay updated by following the latest news and developments about Comfort Systems USA, Inc. through reliable news sources and our official communications.

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Comfort Systems USA, Inc.

NYSE:FIX

FIX Rankings

#612 Ranked by Market Cap
#2082 Ranked by Dividends

FIX Stock Data

16.97B
35.04M
1.52%
97%
1.51%
Engineering & Construction
Electrical Work
Link
United States of America
HOUSTON