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 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.
Comfort Systems USA reported Q2 2021 results with net income of $33.0 million ($0.90 per diluted share), down from $39.5 million ($1.08) in Q2 2020. Revenue fell to $713.9 million from $743.5 million. Operating cash flow decreased to $25.4 million from $141.9 million. However, backlog increased to $1.84 billion, up from $1.66 billion in Q1 2021 and $1.53 billion in Q2 2020. For the first half of 2021, net income was $59.5 million on revenue of $1.38 billion, compared to $57.2 million on $1.44 billion in 2020.
Comfort Systems USA, Inc. (NYSE: FIX) has declared a quarterly dividend of $0.12 per share, reflecting a $0.005 increase from the previous dividend. This dividend is set to be paid on August 24, 2021, to stockholders who are on record as of the close of business on August 13, 2021. As a leading provider of HVAC and electrical contracting services, Comfort Systems operates 139 locations across 113 cities nationwide, indicating a robust presence in the market.
Comfort Systems USA, Inc. (NYSE: FIX) has announced its quarterly conference call for second quarter 2021 financial results, scheduled for Thursday, July 29, 2021, at 10:30 a.m. Central Time. The financial results will be released after market close on July 28, 2021. Investors can access the live call via the Company’s website and participate by dialing 1-877-319-0032 with conference passcode 7447577. A replay will be available the next business day.
Comfort Systems operates 139 locations across 113 cities nationwide, providing solutions for workplace comfort.
Comfort Systems USA, Inc. (NYSE: FIX) has announced its agreement to acquire Amteck, LLC, a leading electrical contracting firm based in Kentucky. Amteck is expected to generate annual revenues of $175 million to $200 million and EBITDA of $14 million to $17 million. This acquisition is anticipated to be neutral to slightly accretive to earnings per share in the first 12-18 months. Comfort Systems aims to leverage Amteck's expertise in complex projects to enhance its market position in the Southeastern U.S. and deepen customer relationships.
Comfort Systems USA reported a strong first quarter for 2021, with net income of $26.5 million or $0.73 per diluted share, up from $17.7 million or $0.48 a year prior. Revenue was $669.8 million, down from $700.1 million in 2020. Operating cash flow surged to $84.6 million from $21.9 million. Backlog increased to $1.66 billion, compared to $1.51 billion at year-end, though same-store backlog declined to $1.34 billion. The company anticipates continued strength in the upcoming quarters.
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