Comfort Systems Q1 EPS $2.69 vs $1.59 YoY; revenue up 31%; dividend raised to $0.30

COMFORT SYSTEMS USA INC

2024-Q1 EPS reported $2.69 revenue$1,537,016,000

Net income $96.3M ($2.69 diluted EPS), up from $57.2M ($1.59) a year ago.
Revenue $1,537M, +31% YoY; operating cash flow $146.6M vs $126.9M.
Backlog $5.91B, up from $5.16B at Dec 31, 2023 and $4.44B a year earlier.
Quarterly dividend increased to $0.30/share (+20%), payable May 24, record May 13.
Electrical segment profitability at 'unprecedented levels'; demand remains supportive.

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 the quarter ended March 31, 2024 results: revenue $1,537.0 million, net income $96.3 million, EPS $2.69 per diluted share.

Period: the quarter ended March 31, 2024
Revenue: $1,537.0 million
Net income: $96.3 million
EPS: $2.69 per diluted share
Result: reported results

Exact text from the filing

For the quarter ended March 31, 2024, net income was $96.3 million, or $2.69 per diluted share, as compared to $57.2 million, or $1.59 per diluted share, for the quarter ended March 31, 2023. Revenue for the first quarter of 2024 was $1,537.0 million compared to $1,174.6 million in 2023.

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Source: SEC EDGAR

accession 0001558370-24-005764

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