Construction and home maintenance company Comfort Systems USA (FIX 11.46%) reported better-than-expected quarterly results and provided an upbeat outlook about the future. Investors are taking notice, sending shares of Comfort Systems up as much as 18% on Friday and up 9% as of noon ET.Strong growth is fueling investor enthusiasmComfort Systems is a rollup of commercial, industrial, and institutional heating, ventilation, air conditioning (HVAC) and electrical contracting services. The company earned $2.55 ...

Selling, General and Administrative Expenses ("SG&A")—SG&A increased $85.1 million, or 17.4%, to $574.4 million for 2023 as compared to 2022. On a same-store basis, excluding amortization expense, SG&A increased $67.3 million, or 14.9%. The same-store increase is primarily due to higher same-store revenue and increased compensation costs ($59.9 million), largely attributable to increased headcount. This increase was partially offset by a decrease in professional fees of $3.3 million as compared to the prior ...

Financing activities $ (31,598) $(131,513) $(298,624) $(205,915) CONTACT:Julie Shaeff, Chief Accounting Officer 675 Bering Drive, Suite 400 ir@comfortsystemsusa.com; 713-830-9687 Houston, Texas 77057 713-830-9600 For the quarter ended December 31, 2023, net income was $91.6 million, or $2.55 per diluted share, as compared to $55.4 million, or $1.54 per diluted share, for the quarter ended December 31, 2022. Revenue for the fourth quarter of 2023 was $1,357.6 million compared to $1,117.2 million in 2022. The ...

There's always a reason why stocks trade near their all-time highs, usually because they are firing on all cylinders. That's certainly the case with Comfort Systems (FIX -0.60%), Watsco (WSO -0.93%), and nVent Electric (NVT -1.35%). All three have excellent tailwinds behind them, making them attractive stocks for investors who like to buy high and sell higher.Comfort SystemsYou can always find pockets of growth in an economy, even in the slowing one we have now. One such pocket is shown in the remarkable ch ...

HOUSTON--(BUSINESS WIRE)--Comfort Systems USA, Inc. (NYSE: FIX), a leading provider of mechanical and electrical contracting services including heating, ventilation, air conditioning, plumbing, electrical, piping and controls, announces that it has scheduled its quarterly conference call and webcast for Friday, February 23, 2024, at 10:00 a.m. Central Time to discuss fourth quarter and full year 2023 financial results. The results will be released after the market closes on Thursday, February 22, 2024. The ...

Comfort Systems USA, Inc. (FIX) strengthened its market standing by acquiring J & S Mechanical Contractors, Inc., based in West Jordan, UT. Founded in 1976, J & S specializes in mechanical construction services across the Mountain West region, undertaking complex projects for commercial and industrial clients.This strategic move is expected to contribute significantly to Comfort Systems' growth, with J & S initially adding annualized revenues ranging from $145 million to $160 million. Moreover, J & S is ant ...

Comfort Systems USA, Inc. (FIX) successfully completed the acquisition of Summit Industrial Construction, LLC. Summit, a specialized industrial mechanical contractor, enhances Comfort Systems' capabilities in engineering, design-assist, and turnkey construction services for modular systems.Shares of Comfort Systems have gained 3.5% during the trading session on Feb 1 and 0.9% in the after-hour trading session on the same day.Serving advanced technology, power, and industrial sectors, Summit brings a stellar ...

LITTLE ROCK, Ark.--(BUSINESS WIRE)--The Stephens Group, LLC (“The Stephens Group”) today announced that it has closed its previously announced sale of Summit Industrial Construction, LLC (“Summit”) headquartered in Houston, Texas, to Comfort Systems USA, Inc. (NYSE: FIX) (“Comfort Systems”). Summit is a specialty industrial mechanical contractor offering engineering, design-assist and turnkey, direct hire construction services of modular systems serving the advanced technology, power, and industrial sect ...

SALT LAKE CITY--(BUSINESS WIRE)--Crewe Capital (Crewe), one of the nation’s leading boutique investment banks, has successfully orchestrated a pivotal transaction for J & S Mechanical Contractors, Inc. (J & S), securing a strategic acquisition by Comfort Systems USA Inc. (NYSE: FIX). Crewe served as the exclusive transactional advisor to J & S, a West Jordan, Utah-headquartered mechanical construction services firm, to deliver on the owners’ desires to source a partner to continue the company’s long hist ...

HOUSTON--(BUSINESS WIRE)--Comfort Systems USA, Inc. (NYSE: FIX) (the “Company”) today announced that it has closed its previously announced transaction to acquire Summit Industrial Construction, LLC (“Summit”) headquartered in Houston, Texas. As previously disclosed, Summit is a specialty industrial mechanical contractor offering engineering, design-assist and turnkey, direct hire construction services of modular systems serving the advanced technology, power, and industrial sectors. Summit’s capabilities ...