Comfort Systems USA (FIX) Tops Q1 EPS by 7c

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Comfort Systems USA Reports First Quarter 2020 Results

April 27, 2020 4:15 PM EDT

HOUSTON--(BUSINESS WIRE)-- Comfort Systems USA, Inc. (NYSE: FIX) today reported results for the quarter ended March 31, 2020.

For the quarter ended March 31, 2020, net income was $17.7 million or $0.48 per diluted share, as compared to $19.9 million or $0.53 per diluted share, for the quarter ended March 31, 2019. Revenue for the first quarter of 2020 was $700.1 million compared to $538.5 million in 2019. The Company reported free cash flow of $15.1 million in the current quarter compared to negative free cash flow of $7.5 million in 2019.

Backlog as of March 31, 2020 was $1.62 billion as compared to $1.60 billion as of December 31, 2019 and $1.14... More