Comfort Systems USA (FIX) Increases Stock Buyback Plan by 1 Million Shares

August 17, 2009 5:02 PM EDT

Comfort Systems USA, Inc. (NYSE: FIX) has approved an amendment to the company's stock repurchase program to increase the shares authorized and remaining in the program back up to 1,000,000 shares by authorizing the company to acquire up to 476,400 additional shares of its outstanding common stock. The company's existing stock repurchase program had previously authorized the repurchase of up to 4,399,009 shares of the company's outstanding common stock.

Through August 13, 2009, the Company had repurchased 3,875,409 shares of the company's common stock at an aggregate price of $43,104,805. This extension of the stock repurchase program will "top off" the plan and permit the Company to repurchase up to an additional 1,000,000 shares of its currently outstanding common stock beyond what had already been purchased as of August 13, 2009.

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