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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, 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.
Comfort Systems USA (NYSE: FIX) has declared a quarterly dividend of $0.115 per share, payable on May 25, 2021, to stockholders of record by the close of business on May 14, 2021. As a leading provider in the heating, ventilation, air conditioning, and electrical contracting sectors, Comfort Systems operates 139 locations across 113 cities nationwide, showcasing its strong market presence.
Comfort Systems USA (NYSE: FIX) has announced a quarterly conference call scheduled for April 29, 2021, at 10:30 a.m. CT to discuss its first quarter 2021 financial results. The results will be released after the market closes on April 28, 2021. Investors can listen to the call live via the company's website. A replay will be available the following business day. Comfort Systems USA operates 139 locations across 113 U.S. cities, providing mechanical and electrical contracting services.
Comfort Systems USA reported a strong performance for Q4 and the full year 2020. Net income for Q4 was $42.8 million, or $1.17 per diluted share, up from $34.1 million in Q4 2019. Annual net income reached $150.1 million, or $4.09 per diluted share, compared to $114.3 million in 2019. Revenue for 2020 was $2.86 billion, a rise from $2.62 billion in 2019. Operating cash flow also saw significant growth, totaling $286.5 million. Despite slight decreases in backlog, the company anticipates solid profitability and cash flow in 2021, particularly in industrial and technology sectors.
Comfort Systems USA, Inc. (NYSE: FIX) has declared a quarterly dividend of $0.115 per share, an increase of $0.005 compared to the previous dividend. This dividend is payable on March 23, 2021, to stockholders on record as of the close of business on March 12, 2021. As a leading provider in HVAC and electrical contracting services, Comfort Systems USA operates 139 locations across 114 cities in the United States, emphasizing their commitment to delivering workplace comfort solutions.
Comfort Systems USA (NYSE: FIX) has scheduled its quarterly conference call for February 26, 2021, at 10:00 a.m. Central Time. The call will discuss the company's fourth quarter 2020 financial results, which will be released after market close on February 25, 2021. Interested participants can join by dialing 1-888-713-4218 and using the passcode 47939960. A replay will be available on the company's website following the call. Comfort Systems USA operates 139 locations across 114 cities, providing mechanical and electrical contracting services.
Comfort Systems USA, Inc. (NYSE: FIX) has announced its definitive agreement to acquire Tennessee Electric Company, Inc. (T E C), based in Kingsport, Tennessee. Founded in 1947, T E C specializes in multidisciplined construction and industrial services. The acquisition is projected to contribute annual revenues between $90 million and $100 million, with EBITDA estimated at $8 million to $9 million. Earnings per share impact is anticipated to be neutral to slightly accretive for 2021 and 2022. Both companies emphasize core values and potential synergies from the partnership.
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