Comfort Systems USA reports Q1 EPS $2.69, consensus $2.01

Reports Q1 revenue $1.537B, consensus $1.48B. Brian Lane, Comfort Systems USA’s President and Chief Executive Officer, said, “Our expert and dedicated employees achieved superb execution for our customers this quarter, and our newly acquired companies are off to a great start. First quarter results were extraordinary, with per share earnings more than a dollar above the same quarter last year, increased backlog, and over $140 million in cash flow. Our mechanical business improved, and our electrical segment profitability increased to unprecedented levels. Construction and service continue to flourish, demand remains supportive, and we are optimistic that we will continue to achieve strong results in 2024.”