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Comfort Systems (FIX) Tops Q1 Earnings and Revenue Estimates
ZACKS· 2025-04-24 22:20
Comfort Systems (FIX) came out with quarterly earnings of $4.75 per share, beating the Zacks Consensus Estimate of $3.66 per share. This compares to earnings of $2.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 29.78%. A quarter ago, it was expected that this heating, ventilation and air conditioning company would post earnings of $3.43 per share when it actually produced earnings of $4.09, delivering a surprise of 19.24%. ...
Comfort Systems USA(FIX) - 2025 Q1 - Quarterly Report
2025-04-24 20:07
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-13011 COMFORT SYSTEMS USA, INC. (Exact name of registrant as specified in its charter) Delaware (State or other ...
Comfort Systems USA(FIX) - 2025 Q1 - Quarterly Results
2025-04-24 20:05
[First Quarter 2025 Earnings Release](index=1&type=section&id=First%20Quarter%202025%20Earnings%20Release) Q1 2025 results show strong revenue and net income growth, strategic cash flow shifts, and robust backlog expansion [Financial Highlights](index=1&type=section&id=Financial%20Highlights) Q1 2025 highlights include strong revenue and net income growth, with a notable shift in operating cash flow Q1 2025 vs Q1 2024 Key Financial Metrics | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | Revenue | $1.83 billion | $1.54 billion | +19.1% | | Net Income | $169.3 million | $96.3 million | +75.8% | | Diluted EPS | $4.75 | $2.69 | +76.6% | Backlog Growth | Date | Total Backlog (in billions) | Same-Store Backlog (in billions) | | :--- | :--- | :--- | | Mar 31, 2025 | $6.89 | $6.84 | | Dec 31, 2024 | $5.99 | N/A | | Mar 31, 2024 | $5.91 | $5.91 | - Operating cash flow saw a significant reversal, with an **outflow of $88.0 million** in Q1 2025 compared to an **inflow of $146.6 million** in Q1 2024[2](index=2&type=chunk) - The Q1 2025 income tax provision included a **benefit of $0.25 per diluted share** related to interest income on a prior year tax refund[2](index=2&type=chunk) [Management Commentary](index=1&type=section&id=Management%20Commentary) CEO Brian Lane highlighted record Q1 performance and strong backlog growth, attributing negative operating cash flow to planned working capital normalization - Q1 2025 earnings per share of **$4.75** were more than **75% higher** than Q1 2024 and exceeded every past quarter, a notable achievement for a historically weak season[4](index=4&type=chunk) - Backlog grew significantly, with **over $800 million** in sequential same-store growth, indicating strong execution and customer relationships[4](index=4&type=chunk) - The **negative operating cash flow** was attributed to a long-expected normalization of working capital following substantial payments to a key customer[4](index=4&type=chunk) [Financial Statements](index=4&type=section&id=Financial%20Statements) This section presents detailed unaudited Q1 2025 financial results, including statements of operations, balance sheets, and cash flow data [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations) Q1 2025 revenue grew 19.1% YoY, with improved margins driving a 75.8% rise in net income and increased dividends per share Q1 2025 vs Q1 2024 Statement of Operations (in thousands) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Revenue | $1,831,286 | $1,537,016 | | Gross Profit | $403,416 | $297,363 | | Operating Income | $209,098 | $135,460 | | Net Income | $169,289 | $96,319 | | Diluted EPS | $4.75 | $2.69 | | Dividends per share | $0.400 | $0.250 | [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2025, total assets decreased due to reduced cash, while total liabilities also declined, leading to increased stockholders' equity Balance Sheet Comparison (in thousands) | Metric | Mar 31, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $204,758 | $549,939 | | Total current assets | $2,597,499 | $2,790,241 | | Total assets | $4,569,218 | $4,711,088 | | Total current liabilities | $2,411,244 | $2,582,770 | | Total liabilities | $2,792,205 | $3,006,412 | | Total stockholders' equity | $1,777,013 | $1,704,676 | [Selected Cash Flow Data](index=7&type=section&id=Selected%20Cash%20Flow%20Data) Q1 2025 saw a significant shift to negative operating cash flow, resulting in a negative free cash flow for the quarter Q1 Cash Flow Comparison (in thousands) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Cash from operating activities | $(87,950) | $146,557 | | Cash from investing activities | $(96,783) | $(221,648) | | Cash from financing activities | $(160,448) | $(29,267) | | Free cash flow | $(109,063) | $122,619 | [Non-GAAP Financial Measures](index=5&type=section&id=Non-GAAP%20Financial%20Measures) The company uses Adjusted EBITDA and Free Cash Flow as key non-GAAP metrics, with Adjusted EBITDA increasing while free cash flow turned negative in Q1 2025 Adjusted EBITDA Reconciliation (in thousands) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net income | $169,289 | $96,319 | | Adjustments | $73,378 | $73,488 | | **Adjusted EBITDA** | **$242,667** | **$169,807** | | Adjusted EBITDA as % of Revenue | 13.3% | 11.0% | - Free cash flow is defined as cash flow from operating activities less capital expenditures, plus proceeds from asset sales; in Q1 2025, it was **$(109.1) million**[14](index=14&type=chunk) [Forward-Looking Statements](index=2&type=section&id=Forward-Looking%20Statements) This section contains a standard legal disclaimer on forward-looking statements, noting that actual results may differ due to various risks and uncertainties - The report contains forward-looking statements regarding future business expectations, which are not historical facts and are subject to significant risks and uncertainties[6](index=6&type=chunk) - Readers are directed to the company's SEC filings (Form 10-K, 10-Q, 8-K) for a more detailed discussion of material risk factors that could cause actual results to differ from projections[7](index=7&type=chunk)
Why the Market Dipped But Comfort Systems (FIX) Gained Today
ZACKS· 2025-04-15 22:55
Company Performance - Comfort Systems (FIX) ended the latest trading session at $356.21, reflecting a +1.31% adjustment from the previous day's close, outperforming the S&P 500's daily loss of 0.17% [1] - The company has gained 1.52% in share price over the past month, while the Construction sector lost 5.56% and the S&P 500 lost 3.94% during the same period [1] Upcoming Earnings - The upcoming EPS for Comfort Systems is projected at $3.66, indicating a 36.06% increase compared to the same quarter of the previous year [2] - Revenue is estimated to be $1.7 billion, reflecting a 10.81% rise from the equivalent quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $17.87 per share and revenue at $7.55 billion, representing changes of +22.4% and +7.42% respectively from the prior year [3] - Recent changes in analyst estimates are important as they reflect near-term business trends, with positive revisions indicating a favorable business outlook [3] Valuation Metrics - Comfort Systems is currently trading with a Forward P/E ratio of 19.67, which is lower than the industry average Forward P/E of 27.43, suggesting that the company is trading at a discount [6] - The Building Products - Air Conditioner and Heating industry, to which Comfort Systems belongs, has a Zacks Industry Rank of 167, placing it in the bottom 33% of over 250 industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a proven track record of outperformance, with 1 stocks returning an average of +25% annually since 1988 [5] - Currently, Comfort Systems holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining stagnant over the past month [5]
Comfort Systems (FIX) Is Considered a Good Investment by Brokers: Is That True?
ZACKS· 2025-04-14 14:30
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Comfort Systems (FIX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Comfort Systems currently has an ave ...
Buy, Buy, Bad Week. Time To Get Greedy
Seeking Alpha· 2025-04-12 11:30
Group 1 - The article highlights the significant market-moving political headlines that have emerged recently, indicating a highly dynamic environment for investors [1] - It mentions the importance of in-depth research on various investment vehicles such as REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs, suggesting a focus on income alternatives [1] Group 2 - The article emphasizes the need for investors to be cautious, as past performance does not guarantee future results, and no specific investment recommendations are provided [2] - It notes that the views expressed may not reflect those of the broader platform, indicating a diversity of opinions among analysts [2]
Comfort Systems (FIX) Ascends While Market Falls: Some Facts to Note
ZACKS· 2025-04-08 22:55
Core Viewpoint - Comfort Systems (FIX) is showing resilience in its stock performance compared to broader market indices, with upcoming earnings expected to demonstrate significant growth in both EPS and revenue [1][3][4]. Company Performance - The stock price of Comfort Systems ended at $312.21, reflecting a slight increase of +0.03% from the previous day, contrasting with the S&P 500's decline of 1.57% [1]. - Over the past month, shares of Comfort Systems have decreased by 0.36%, which is significantly better than the Construction sector's loss of 11.78% and the S&P 500's loss of 12.16% [2]. Earnings Forecast - Analysts forecast Comfort Systems to report an EPS of $3.66, representing a 36.06% increase from the same quarter last year, with expected revenue of $1.7 billion, indicating a 10.81% increase [3]. - For the full year, the Zacks Consensus Estimates predict earnings of $17.87 per share and revenue of $7.55 billion, marking increases of +22.4% and +7.42% respectively from the previous year [4]. Analyst Sentiment - Recent revisions to analyst forecasts for Comfort Systems are crucial, as upward revisions indicate positive sentiment regarding the company's business operations and profit generation capabilities [5]. - The Zacks Rank system, which incorporates these estimate changes, currently rates Comfort Systems at 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [6][7]. Valuation Metrics - Comfort Systems is trading at a Forward P/E ratio of 17.47, which is lower than the industry average Forward P/E of 24.7, suggesting a valuation discount [8]. - The Building Products - Air Conditioner and Heating industry, to which Comfort Systems belongs, ranks in the bottom 37% of all industries, according to the Zacks Industry Rank [8][9].
Comfort Systems: An Alternative Way To Gain Exposure To The AI Revolution
Seeking Alpha· 2025-04-01 18:22
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or ...
Comfort Systems (FIX) Stock Slides as Market Rises: Facts to Know Before You Trade
ZACKS· 2025-03-31 22:50
Comfort Systems (FIX) closed the most recent trading day at $322.33, moving -0.55% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.55%. Elsewhere, the Dow gained 1.01%, while the tech-heavy Nasdaq lost 0.14%. The the stock of heating, ventilation and air conditioning company has fallen by 10.8% in the past month, lagging the Construction sector's loss of 5.58% and the S&P 500's loss of 6.22%. From a valuation perspective, Comfort Systems is currently exch ...
Wall Street Analysts See Comfort Systems (FIX) as a Buy: Should You Invest?
ZACKS· 2025-03-27 14:30
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Comfort Systems (FIX) .Comfort Systems currently has an average brokerage ...