earnings
confidence high
sentiment positive
materiality 0.80
Comfort Systems reports Q3 revenue $1,378M, net income $105M, EPS $2.93; backlog $4.29B
COMFORT SYSTEMS USA INC
2023-Q3 EPS reported
$6.46
revenue$3,849,194,000
- Q3 revenue $1,378.1M, net income $105.1M, diluted EPS $2.93 (adjusted $2.74); YoY revenue +23%.
- Nine-month revenue $3,849.2M, net income $231.8M, diluted EPS $6.46 (adjusted $6.19); YoY revenue +27%.
- Backlog at Q3 2023: $4,288M, up from $4,064M at year-end 2022; service maintenance base $164M.
- Operating cash flow TTM $598.6M; net debt near zero (debt/TTM EBITDA 0.10x); cash $137.6M.
- Capital returned YTD 2023: $21.5M dividends, $8.6M buybacks; dividend increased 11 consecutive years.