Comfort Systems USA (FIX) Q2 2025 Earnings Call July 25, 2025 11:00 AM ET Company ParticipantsJulie Shaeff - SVP & CAOBrian Lane - CEO, President & DirectorWilliam George - EVP & CFOTrent McKenna - EVP & COOAdam Thalhimer - Director - ResearchBrian Brophy - Associate Vice PresidentConference Call ParticipantsSangita Jain - Director & Equity Research AnalystAlex Hantman - Equity Research AnalystBrent Thielman - MD & Senior Research AnalystJosh Chan - Executive Director & Equity Research AnalystSamuel Snyder ...

Comfort Systems USA (FIX) Q2 2025 Earnings Call July 25, 2025 11:00 AM ET Speaker0Good day, and thank you for standing by. Welcome to the Q2 twenty twenty five Comfort Systems USA Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. You will then hear an automated message advising that your hand is raised.To withdraw your question, please press 11 again. Please be advised that today's conference is ...

Key Takeaways FIX will report Q2 earnings on July 24 after a record-breaking Q1 driven by 19% revenue growth. A $6.9B backlog and high-tech Mechanical demand offer strong visibility into the rest of 2025. Modular construction and disciplined project selection help FIX sustain record-high margins.Comfort Systems USA, Inc. (FIX) is slated to report results for the second quarter of 2025 on July 24, after the closing bell.Q1 Recap: A Strong Start to 2025In the last reported quarter that ended March 31, 2025, ...

Core Insights - Comfort Systems USA, Inc. (FIX) reported strong Q1 2025 results with a 75% year-over-year increase in earnings per share to $4.75 and a 19.1% rise in revenues to $1.83 billion, surpassing expectations [1][7] - Despite positive momentum, management maintained a cautious full-year revenue growth forecast of high-single-digit percentages due to challenging year-over-year comparisons in the latter half of the year [2][5] - The company's backlog grew 16.5% year-over-year to $6.89 billion, driven by the acquisition of Century Contractors and increased project bookings in technology and healthcare sectors [4][7] Financial Performance - Q1 2025 earnings per share increased by 75% year-over-year to $4.75, while revenues rose by 19.1% to $1.83 billion, exceeding market expectations [1][7] - Operating income saw a significant increase of 54% year-over-year, contributing to historic high margins [1] - The company's earnings estimates for 2025 and 2026 have trended upward, with 2025 estimates rising to $19.28, reflecting a 32.1% year-over-year growth [11] Market Position and Valuation - FIX's stock has outperformed peers, with a 51.4% increase over the past three months, compared to 40.5% and 15% gains for Quanta Services and Jacobs Solutions, respectively [6][8] - The stock is currently trading at a forward P/E ratio of 27.13, which is lower than Quanta Services at 34.66 and Jacobs Solutions at 20.14, indicating a potential attractive entry point for investors [9][10] - The company's strategic initiatives and strong backlog position it favorably in the market, despite maintaining a conservative outlook [5][9] Industry Dynamics - The end-market dynamics are favorable, with strong demand in technology and industrial sectors, which now account for 62% of total volume [2] - Modular construction is emerging as a significant contributor to margin sustainability, further supporting the company's growth prospects [2] - Comfort Systems' ability to manage costs and secure favorable pricing through long-term supplier relationships enhances its resilience against tariff and cost inflation risks [3]