Comfort Systems Usa inc (FIX) |
|
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
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Customers Net Income grew by |
FIX's Customers Net Profit Margin grew to |
8.03 % |
9.89 %
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Stock Performances by Major Competitors |
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Comfort Systems Usa Inc
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.
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Dividend
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...
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Product Service News
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...
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Merger and Acquisition
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...
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Contract
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...
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Per Share |
Current |
Earnings (TTM) |
9.01 $ |
Revenues (TTM) |
145.06 $
|
Cash Flow (TTM) |
4.12 $ |
Cash |
5.72 $
|
Book Value |
35.6 $
|
Dividend (TTM) |
0.85 $ |
|
Per Share |
|
Earnings (TTM) |
9.01 $
|
Revenues (TTM) |
145.06 $ |
Cash Flow (TTM) |
4.12 $ |
Cash |
5.72 $
|
Book Value |
35.6 $ |
Dividend (TTM) |
0.85 $ |
|
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