earnings
confidence high
sentiment positive
materiality 0.75
Comfort Systems Q2 revenue up 43% to $1.02B; backlog reaches $2.8B
COMFORT SYSTEMS USA INC
2022-Q2 EPS reported
$3.57
revenue$1,903,164,000
- Q2 revenue $1,017.9M (up 43% YoY); net income $42.2M ($1.17 diluted EPS) vs $33.0M ($0.90) in Q2 2021.
- Six-month revenue $1,903.2M; adjusted EPS $2.08 (excludes tax gains); adjusted EBITDA $137.5M.
- Construction backlog of $2.81B at Q2 2022, up from $2.31B at year-end 2021; service maintenance base $157M.
- Strong balance sheet: debt/TTM EBITDA 1.41x; $69.1M cash; $850M credit facility with 2027 maturity.
- Positive free cash flow for 23 consecutive years; dividend increased for 10 consecutive years; YTD capital returns $42.6M.