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Comfort Systems USA (FIX)
NYSE:FIX
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
3.43Last Year’s EPS
2.69Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 0.00%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call presented numerous positive outcomes, including record earnings, strong revenue growth, high backlog, and improved margins. The company also highlighted successful acquisitions and increased shareholder returns. However, the impact of deferred tax payments and anticipated tough comparables in 2025 were noted as challenges.Company Guidance
In the fourth quarter of 2024, Comfort Systems USA reported a remarkable financial performance with a 38% increase in revenue to $1.9 billion compared to the previous year, and a full-year revenue of $7 billion, marking a 35% increase from 2023. The company achieved a record quarterly earnings per share of $4.09, up 60% from the prior year, and $14.60 for the full year, compared to $9.01 in 2023. Operating income surged by 88% to $226 million for the quarter, with an operating income percentage rising to 12.1% from 8.9% in the previous year. Gross profit reached $434 million for the quarter, improving by $154 million from a year ago, with a gross profit margin of 23.2%, up from 20.6%. The company's backlog hit an all-time high of $6 billion, and its free cash flow for the year was an impressive $1.176 billion. Comfort Systems USA also announced a quarterly dividend increase of five cents to forty cents per share, reflecting its strong cash flow and commitment to rewarding shareholders.Record Annual and Quarterly Earnings
Comfort Systems USA reported record annual and fourth quarter earnings with a 60% increase in quarterly earnings per share from last year, reaching $4.09 per share.
Strong Revenue Growth
Revenue for the fourth quarter increased by 38% to $1.9 billion, and full year revenue increased by 35% to $7 billion compared to 2023.
Significant Backlog Growth
The backlog reached a new all-time high of $6 billion, with a same-store increase in both sequential and year-over-year backlog.
High Operating Cash Flow
Operating cash flow for 2024 was $849 million, contributing to a full year free cash flow of $1.176 billion.
Improved Gross Margins
Gross profit margin for the fourth quarter increased to 23.2% from 20.6% in the previous year, with similar improvements across both mechanical and electrical segments.
Successful Acquisitions
Recently acquired companies surpassed expectations, and the addition of Century Contract is expected to bring in $90 million of revenue.
Dividend Increase
The quarterly dividend was increased by five cents to forty cents per share, reflecting strong cash flow and commitment to shareholder returns.
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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 |
|---|---|---|---|
| Feb 20, 2025 | $382.13 | ― | ― |
| 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% |
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 Apr 23, 2025, TBA Not Confirmed.
What is Comfort Systems USA (FIX) earnings time?
Comfort Systems USA (FIX) earnings time is at Apr 23, 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 2025 (Q1) is 3.43.
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