earnings
confidence high
sentiment positive
materiality 0.75
Comfort Systems USA Q2 revenue $1.30B (+27% YoY); EPS $1.93 vs $1.17
COMFORT SYSTEMS USA INC
2023-Q2 EPS reported
$3.53
revenue$2,471,070,000
- Q2 2023 revenue $1,296.4M, net income $69.5M; YTD revenue $2,471.1M, net income $126.7M.
- YTD adjusted EPS $3.45 vs $2.08; adjusted EBITDA Q2 $111.6M vs $76.9M.
- Construction backlog $4.19B at Q2 2023, up from $4.06B at FY 2022; service maintenance base $162M.
- TTM operating cash flow $445.6M; debt/TTM EBITDA 0.37x; dividend raised 11 consecutive years.
- Management anticipates normalization of pre-bookings and equipment advances creating cash flow headwind.