Comfort Systems USA ( (FIX) ) has released its Q1 earnings. Here is a breakdown of the information Comfort Systems USA presented to its investors.
Comfort Systems USA, Inc. is a prominent provider of commercial, industrial, and institutional heating, ventilation, air conditioning, and electrical contracting services, operating across 178 locations in 135 cities nationwide.
In its latest earnings report for the first quarter of 2025, Comfort Systems USA announced a significant increase in net income, reaching $169.3 million, or $4.75 per diluted share, compared to $96.3 million, or $2.69 per diluted share, in the same period last year. The company also reported a revenue increase to $1.83 billion from $1.54 billion in the previous year.
Key financial highlights include a notable rise in backlog to $6.89 billion from $5.91 billion a year ago, indicating strong future business prospects. Despite the positive earnings, the company experienced operating cash outflows of $88.0 million, contrasting with cash inflows of $146.6 million in the previous year. The company’s adjusted EBITDA also saw a substantial increase to $242.7 million from $169.8 million in the first quarter of 2024.
Looking ahead, Comfort Systems USA remains optimistic about its future performance, with expectations of strong earnings and cash flow in 2025. The company is preparing for various economic conditions but remains confident in its project pipelines and customer relationships, suggesting continued success into 2026.