Comfort Systems USA Q1 EPS $10.51, Revenue $2.87B and Backlog $12.45B
Comfort Systems USA reported Q1 net income of $370.4 million, or $10.51 per share, on revenue of $2.87 billion, surpassing analysts’ forecasts of $7.19 EPS and $2.43 billion revenue. Operating cash inflow reached $388.8 million, and backlog climbed to $12.45 billion, up from $6.89 billion year-ago.
1. Q1 Financial Results
Comfort Systems USA reported net income of $370.4 million in Q1 2026, or $10.51 per diluted share, compared to $169.3 million, or $4.75 per share a year earlier, while revenue rose to $2.87 billion from $1.83 billion, outperforming consensus estimates.
2. Cash Flow and Backlog Growth
Operating cash inflows reached $388.8 million this quarter versus outflows of $88.0 million in the prior-year period, and backlog expanded to $12.45 billion as of March 31, 2026, up from $6.89 billion a year ago and $11.94 billion at year-end 2025.
3. Dividend Increase
The company approved an increase in its quarterly dividend, underlining strong cash generation and management’s confidence in sustained financial performance.