NYSE:FIX

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Comfort Systems USA Reports Record Q1 2025 Earnings and Backlog Surge

HOUSTON, April 24, 2025 — Comfort Systems USA, Inc. (NYSE: FIX) announced outstanding first-quarter results, posting net income of $169.3 million, or $4.75 per diluted share, a 75% increase compared to the prior-year quarter. Revenue rose 19% year-over-year to $1.83 billion, while adjusted EBITDA grew 43% to $242.7 million, or 13.3% of revenue.

The company’s backlog reached a record $6.89 billion, up from $5.99 billion at year-end and $5.91 billion a year ago, driven by strong same-store growth of nearly $930 million. CEO Brian Lane highlighted these achievements as a sign of “world-class execution” and a “promising start to 2025,” noting the quarter was historically the company’s weakest.

While Comfort Systems reported operating cash outflows of $88 million, due to expected working capital adjustments, management expressed confidence in strong earnings and cash flow prospects for the remainder of 2025 and into 2026.

The company declared a $0.40 per share quarterly dividend, up from $0.25 in the prior-year period.
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ME NEWS 04-25-25
Comfort Systems USA Director Vance W. Tang to Retire in May

Houston, TX – March 20, 2025 – Comfort Systems USA, Inc. (NYSE: FIX) announced that Board member Vance W. Tang has informed the company of his decision to retire. Tang will step down from the Board of Directors and all related committees effective May 16, 2025.
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ME NEWS 03-21-25
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