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Comfort Systems USA (FIX)
NYSE:FIX
Holding FIX?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$3.73Last Year’s EPS
$2.55Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 6.12%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call presented a very positive outlook with record-breaking earnings, significant cash flow, and strong backlog growth. Despite anticipating tougher revenue comparables and a modest sequential decline in backlog, the company's performance and future projections are overwhelmingly positive.Company Guidance
During the third quarter of 2024 earnings call, Comfort Systems USA provided strong guidance, underpinned by record financial performance and promising future prospects. The company reported an impressive earnings per share (EPS) of $4.09, marking a 40% increase from the previous year, alongside a revenue rise of 32% to $1.8 billion. Operating income surged by 50% to $203 million, while same-store revenue saw an 18% uplift. The company's backlog stood at $5.7 billion, up 32% year-over-year, with same-store backlog also 21% higher. EBITDA reached $238 million, a significant 53% rise, with margins at all-time highs. Comfort Systems anticipates continued robust performance into the fourth quarter and 2025, supported by exceptional cash flow, which surpassed $300 million, and a healthy balance sheet. Additionally, they announced a $0.05 increase in their quarterly dividend to $0.35 per share, reflecting their strong cash flow and commitment to shareholder returns.Record-Breaking Earnings and Cash Flow
The company reported record earnings with an EPS of $4.09, up 40% from last year, and extraordinary cash flow. Operating income increased by 50% compared to the previous year's third quarter.
Significant Revenue Growth
Third quarter revenue was $1.8 billion, a 32% increase from last year, with the Mechanical segment increasing by 39% and the Electrical segment by 8%.
Strong Backlog and Pipeline
Backlog at the end of the third quarter was $5.7 billion, a 32% year-over-year increase, with a 21% increase in same-store backlog entering the fourth quarter.
Increased Shareholder Returns
The company increased its quarterly dividend by $0.05 to $0.35 per share and returned $42 million to shareholders through share repurchases.
Remarkable EBITDA Growth
The company achieved $238 million in quarterly EBITDA, a 53% increase over the same quarter last year.
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FIX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FIX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $413.14 | $370.21 | -10.39% |
| Jul 25, 2024 | $291.63 | $309.22 | +6.03% |
| Apr 25, 2024 | $310.59 | $301.21 | -3.02% |
| Feb 22, 2024 | $247.01 | $278.11 | +12.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Comfort Systems USA (FIX) report earnings?
Comfort Systems USA (FIX) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Comfort Systems USA (FIX) earnings time?
Comfort Systems USA (FIX) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FIX EPS forecast?
FIX EPS forecast for the fiscal quarter 2024 (Q4) is $3.73.
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