secwatch.observer — SEC 8-K summary
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Issuer:     COMFORT SYSTEMS USA INC (FIX)
CIK:        0001035983
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0001104659-24-085357
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comfort Systems reports record $5.77B backlog; Q2 2024 revenue up 40% YoY to $1.81B
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- YTD 2024 revenue $3.35B (+35% YoY); net income $230.3M (+82% YoY); diluted EPS $6.43.
- Record construction backlog of $5.77B as of Q2 2024, up from $5.16B at FY 2023 end.
- Adjusted EBITDA YTD $392.5M (11.7% margin); operating cash flow $336.4M, far exceeding net income.
- Strong balance sheet: net debt/EBITDA 0.13x; $199.4M cash; $850M undrawn credit facility.
- Technology (31%) and manufacturing (30%) are largest market sectors for 2024 revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035983/000110465924085357/0001104659-24-085357-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035983/000110465924085357/tm2420602d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-085357

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