earnings
confidence high
sentiment positive
materiality 0.75
Comfort Systems USA posts record Q3 2024 revenue $1.81B, EPS $4.09, backlog $5.68B
COMFORT SYSTEMS USA INC
2024-Q3 EPS reported
$10.52
revenue$5,159,672,000
- Nine-month YTD 2024 revenue $5,159.7M (+34% YoY); net income $376.6M; diluted EPS $10.52; adjusted EBITDA $630.8M.
- Q3 2024 revenue $1,812.4M; net income $146.2M; diluted EPS $4.09; adjusted EBITDA $238.3M; operating cash flow $302.2M.
- Construction backlog $5,681M at Q3 2024, up from $5,157M at FY 2023; service maintenance base $173M.
- Cash $415.6M, total debt $68.4M, debt/TTM EBITDA 0.09; no borrowings on $850M credit facility (2027 maturity).
- Key end-markets: data centers, chip manufacturing, life sciences; backlog driven by technology (32%) and manufacturing (28%).