Comfort Systems USA Q3 revenue, profit beat estimates on strong demand
FIX•Comfort Systems USA's third-quarter revenue rose 54% year over year to $3.77 billion, while net income increased 68% to $489.04 million; both beat analyst estimates. Backlog reached $17.8 billion, and the company expects robust demand to continue through year-end and into 2027.
1. Quarterly results
Revenue was $3.77 billion, compared with the $3.40 billion analyst consensus, and net income was $489.04 million, versus estimates of $446.13 million. Operating income of $624.57 million also beat the $583.17 million consensus. Operating cash flow was $1.01 billion.
2. Backlog and outlook
Backlog reached $17.8 billion, increasing both sequentially and year over year. CEO Brian Lane attributed the results and backlog growth to strong demand, the company's reputation and execution by its teams. Comfort Systems USA expects robust demand to continue through year-end and into 2027, with high profitability and solid cash flow.
