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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 reported its first-quarter 2023 results, showing a net income of $57.2 million or $1.59 per diluted share, down from $86.8 million or $2.40 per diluted share from the previous year. Total revenue rose significantly to $1,174.6 million from $885.2 million in Q1 2022. The quarter benefited from a diluted per-share net gain of $0.12, primarily due to a tax change and favorable litigation resolutions. Operating cash flow doubled to $126.9 million, reflecting strong operational performance. The backlog increased to $4.44 billion from $4.06 billion at the end of 2022, demonstrating ongoing demand in construction sectors. CEO Brian Lane expressed optimism about continued growth and profitability, attributing success to operational excellence and market demand.
Comfort Systems USA, Inc. (NYSE: FIX) has declared a quarterly dividend of $0.20 per share, marking a $0.025 increase from its previous dividend. This dividend will be paid on May 29, 2023 to stockholders of record as of May 18, 2023. With a presence in 173 locations across 132 cities, Comfort Systems continues to solidify its role as a leading provider of HVAC and electrical services. The increase in the dividend reflects the company's commitment to returning value to its shareholders while maintaining stability in its operations.
Comfort Systems USA, Inc. (NYSE: FIX) has announced its quarterly conference call scheduled for April 27, 2023, at 10:30 a.m. Central Time to discuss first-quarter 2023 financial results.
The results will be disclosed after market close on April 26, 2023. Investors can access the call via the company’s website, where a replay will be available the following business day.
With 173 locations in 132 cities, Comfort Systems USA continues to be a leading provider of comprehensive mechanical and electrical contracting services in the United States.
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