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Comfort Systems Usa inc   (FIX)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services
 
Price: $308.5700 $6.13 2.027%
Day's High: $309.915 Week Perf: 3.98 %
Day's Low: $ 301.92 30 Day Perf: 24.61 %
Volume (M): 1,024 52 Wk High: $ 329.43
Volume (M$): $ 316,099 52 Wk Avg: $184.20
Open: $301.92 52 Wk Low: $127.09



 Market Capitalization (Millions $) 11,076
 Shares Outstanding (Millions) 36
 Employees 7,301
 Revenues (TTM) (Millions $) 5,207
 Net Income (TTM) (Millions $) 323
 Cash Flow (TTM) (Millions $) 148
 Capital Exp. (TTM) (Millions $) 95

Comfort Systems Usa Inc
Comfort Systems USA, Inc., a Delaware corporation, was established in 1997. We provide comprehensive mechanical contracting services, which principally includes heating, ventilation and air conditioning ("HVAC"), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. We install, maintain, repair and replace products and systems throughout our 35 operating units in 81 cities and 89 locations throughout the United States.

We operate primarily in the commercial, industrial and institutional HVAC markets and perform most of our services in industrial, healthcare, education, office, technology, retail and government facilities. Approximately 99% of our consolidated revenue was derived from commercial, industrial and institutional customers and multi-family residential projects. Approximately 44% of our revenue was attributable to installation services in newly constructed facilities and 56% was attributable to renovation, expansion, maintenance, repair and replacement services in existing buildings.

We believe that the commercial, industrial, and institutional mechanical contracting generates annual revenue in the United States of approximately $100 billion. Mechanical systems are necessary to virtually all commercial, industrial and institutional buildings. Because most buildings are sealed, HVAC systems provide the primary method of circulating fresh air in such buildings. In many instances, replacing an aging buildings existing systems with modern, energy-efficient systems significantly reduces a buildings operating costs while improving air quality and overall system effectiveness. Older commercial, industrial and institutional facilities often have poor air quality as well as inadequate air conditioning, and older HVAC systems result in significantly higher energy costs than do modern systems.

We believe that the commercial, industrial, and institutional mechanical contracting generates annual revenue in the United States of approximately $100 billion. Mechanical systems are necessary to virtually all commercial, industrial and institutional buildings. Because most buildings are sealed, HVAC systems provide the primary method of circulating fresh air in such buildings. In many instances, replacing an aging buildings existing systems with modern, energy-efficient systems significantly reduces a buildings operating costs while improving air quality and overall system effectiveness. Older commercial, industrial and institutional facilities often have poor air quality as well as inadequate air conditioning, and older HVAC systems result in significantly higher energy costs than do modern systems.

Many factors positively affect mechanical services industry growth, particularly (i) population growth, which increases the need for commercial, industrial and institutional space, (ii) an aging installed base of buildings and equipment, (iii) increasing sophistication, complexity and efficiency of mechanical systems, and (iv) growing emphasis on environmental and energy efficiency.

Our industry can be broadly divided into two categories:

Construction, Installation, Expansion and Renovation Services—Construction, installation, expansion and renovation services consist of "design and build" and "plan and spec" projects. In "design and build" projects, the commercial HVAC company is responsible for designing, engineering and installing a cost-effective, energy-efficient system customized to the specific needs of the building owner. Costs and other project terms are normally negotiated between the building owner or its representative and the contracting company. Companies that specialize in "design and build" projects generally have specially trained HVAC engineers, CAD/CAM design systems and in-house sheet metal and prefabrication capabilities. These companies use a consultative approach with customers and tend to develop long-term relationships with building owners and developers, general contractors, architects, consulting engineers and property managers. "Plan and spec" installation refers to projects in which a third-party architect or consulting engineer designs the HVAC systems and the installation project is "put out for bid." We believe that "plan and spec" projects usually take longer to complete than "design and build" projects because the system design and installation process generally are not integrated, thus resulting in more frequent adjustments to the technical specifications of the project and corresponding changes in work requirements and schedules. Furthermore, in "plan and spec" projects, the contracting company is not responsible for project design and other parties must also approve any changes, thereby increasing overall project time and cost.

Maintenance, Repair and Replacement Services—These services include maintaining, repairing, replacing, reconfiguring and monitoring previously installed systems and building automation controls. The growth and aging of the installed base of HVAC and related systems, and the demand for more efficient and sophisticated systems and building automation controls have fueled growth in these services. The increasing complexity of these systems is leading many commercial, industrial and institutional building owners and property managers to increase attention to maintenance and to outsource maintenance and repair, often through service agreements with service providers. State-of-the-art control and monitoring systems feature electronic sensors and microprocessors. These systems require specialized training to install, maintain and repair. Increasingly, mechanical systems in commercial, industrial and institutional buildings are being remotely monitored to improve energy efficiency and expedite problem diagnosis and correction, thereby allowing us to provide maintenance and repair services at a lower cost.

 



   Company Address: 675 Bering Drive Houston 77057 TX
   Company Phone Number: 830-9600   Stock Exchange / Ticker: NYSE FIX
   


Customers Net Income grew by FIX's Customers Net Profit Margin grew to

8.03 %

9.89 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
EME        3.82% 
IESC   -0.56%    
TPC   -0.85%    
• View Complete Report
   



Comfort Systems Usa Inc

FIX's Fourth Quarter Success: Impressive Top-line Improvement and Increased Dividend Announcement

Comfort Systems USA, Inc. (NYSE: FIX) has showcased its impressive financial strength and commitment to delivering value to its shareholders with the declaration of a quarterly dividend of $0.25 per share on its common stock. This move comes on the heels of a successful fourth quarter of 2023, which saw significant growth in profitability and revenue.
In the Dec 31, 2023 report, FIX demonstrated a remarkable 65.39% year-on-year increase in profitability, with earnings jumping to $2.56 per share. Additionally, revenue increased by 21.516% to $1.36 billion. These positive results outperformed the Construction Services industry peers, who experienced an overall 3.51% top-line growth during the same period.

Dividend

Comfort Systems USA Demonstrates Financial Strength and Shareholder Commitment through Quarterly Dividend Declaration

Published Thu, Feb 22 2024 9:06 PM UTC

Comfort Systems USA Declares Quarterly Dividend; Demonstrating Financial Strength and Commitment to Shareholders
Comfort Systems USA, Inc. (NYSE: FIX), a leading provider of commercial, industrial, and institutional heating, ventilation, air conditioning, and electrical contracting services, has recently announced the declaration of a quarterly dividend of $0.25 per shar...

Product Service News

Crewe Capital Orchestrates Successful Acquisition Deal for J & S Mechanical Contractors, Inc. with Comfort Systems USA Inc.

Published Fri, Feb 2 2024 1:15 PM UTC

Crewe Capital, a renowned boutique investment bank, has achieved a significant milestone by facilitating a strategic acquisition for J & S Mechanical Contractors, Inc. In collaboration with Comfort Systems USA Inc., Crewe acted as the exclusive transactional advisor to J & S, a leading mechanical construction services firm based in West Jordan, Utah. This successful partners...

Merger and Acquisition

Comfort Systems USA Announces Strategic Acquisition, Expanding Its Industrial Mechanical Solutions Portfolio

Published Thu, Feb 1 2024 9:09 PM UTC

Comfort Systems USA Expands Portfolio with Acquisition of Summit Industrial Construction
Houston-based Comfort Systems USA, Inc. has successfully completed its acquisition of Summit Industrial Construction, LLC, strengthening its presence in the specialty industrial mechanical contracting sector. Comfort Systems USA, a leading provider of construction services, announced...

Contract

Comfort Systems USA Sets Course for Growth with Acquisition of Summit Industrial Construction

Published Tue, Jan 2 2024 1:15 PM UTC

Comfort Systems USA, Inc. (NYSE: FIX), a leading provider of comprehensive heating, ventilation, air conditioning, and refrigeration (HVACR) services, has recently announced its definitive agreement to acquire Summit Industrial Construction, LLC. This strategic move highlights Comfort Systems' commitment to expanding its presence in the specialty industrial mechanical contra...






 

Comfort Systems Usa Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Comfort Systems Usa Inc does not provide revenue guidance.

Earnings Outlook
Comfort Systems Usa inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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