earnings
confidence high
sentiment positive
materiality 0.55
Comfort Systems USA Q1 2023 revenue $1.17B, backlog rises to $4.4B
COMFORT SYSTEMS USA INC
2023-Q1 EPS reported
$1.59
revenue$1,174,640,000
- Q1 2023 revenue $1,174.6M (up 33% YoY); net income $57.2M; diluted EPS $1.59.
- Adjusted EPS $1.51 vs $0.91 YoY; adjusted EBITDA $90.3M vs $60.7M YoY.
- Construction backlog $4,445M at March 31, 2023 (up from $2,312M a year ago, +92%).
- Service maintenance base $165M, up from $147M YoY; dividend increased for 11 consecutive years.
- Operating cash flow $126.9M in Q1; debt/TTM EBITDA 0.57; $209.2M total debt.