Comfort Systems Q1 revenue up 33% to $1.17B; EPS $1.59, dividend raised to $0.20

COMFORT SYSTEMS USA INC

2023-Q1 EPS reported $1.59 revenue$1,174,640,000

Revenue $1,174.6M (+33% YoY); diluted EPS $1.59 (incl. $0.12 one-time tax/litigation gains).
Net income $57.2M vs $86.8M prior year; operating cash flow $126.9M, up from $63.7M.
Backlog $4.44B, up 63% from $2.73B a year ago; same-store backlog $4.32B.
Quarterly dividend increased 14% to $0.20 from $0.175; payable 5/29/23, record 5/18/23.
CEO cites strong demand and execution, remains optimistic about 2023 growth.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

COMFORT SYSTEMS USA INC reported quarter ended March 31, 2023 results: revenue Revenue for the first quarter of 2023 was $1,174.6 million, net income net income was $57.2 million, EPS $1.59 per diluted share.

Period: quarter ended March 31, 2023
Revenue: Revenue for the first quarter of 2023 was $1,174.6 million
Net income: net income was $57.2 million
EPS: $1.59 per diluted share
Result: reported results

Exact text from the filing

For the quarter ended March 31, 2023, net income was $57.2 million, or $1.59 per diluted share, as compared to $86.8 million, or $2.40 per diluted share, for the quarter ended March 31, 2022.

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Source: SEC EDGAR

accession 0001558370-23-006824

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