Comfort Systems USA (FIX) Tops Q4 Views

Comfort Systems USA (NYSE: FIX) reported Q4 EPS of $0.29, which may note compare to the analyst estimate of $0.16. Revenue for the quarter came in at $356.46 million versus the consensus estimate of $353.8 million.

Backlog as of December 31, 2014 was $757,804,000 as compared to $656,828,000 as of September 30, 2014. On a same-store basis, backlog was $706,976,000 as of December 31, 2014 as compared to $603,603,000 as of December 31, 2013.

The company expects that 2015 revenues and earnings are likely to be higher than in 2014.

Brian Lane, Comfort Systems USA’s Chief Executive Officer, said, “Earnings were strong this quarter, and were further helped by favorable developments in our quarterly tax rate. If you remove the tax impact, we earned $0.21 per diluted share. We also are pleased to report that bookings during the quarter were the strongest we have experienced in many years, with backlog up both sequentially and year over year by more than $100 million.”

For earnings history and earnings-related data on Comfort Systems USA (FIX) click here.

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