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Comfort Systems Usa inc   (FIX)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services
 
Price: $290.7300 $-1.51 -0.517%
Day's High: $295.49 Week Perf: -4.36 %
Day's Low: $ 287.45 30 Day Perf: -6.08 %
Volume (M): 411 52 Wk High: $ 335.25
Volume (M$): $ 119,548 52 Wk Avg: $200.04
Open: $292.50 52 Wk Low: $129.77



 Market Capitalization (Millions $) 10,435
 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
   FIX is expected to report next financial results on April 25, 2024.


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

12.07 %

9.93 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
EME   -5.37%    
IESC   -3.54%    
TPC   -2.57%    
• View Complete Report
   



Business Update

Comfort Systems USA Inc Surpasses Competitors with Remarkable Revenue Growth and Strong Profitability: First Quarter 2024 Financial Results Expected to Reveal Continued Success.

Published Sun, Apr 21 2024 9:23 AM UTC

Comfort Systems USA Announces First Quarter 2024 Conference Call and Webcast: A Closer Look at their Financial Performance and CompetitorsComfort Systems USA, Inc. (NYSE: FIX), a leading provider of mechanical and electrical contracting services, has recently announced its plans to hold a conference call and webcast on Friday, April 26, 2024, at 10:00 a.m. Central Time. This...

Business Update

Comfort Systems USA Reports Strong Revenue Growth and Higher Profitability Compared to Competitors

Published Sat, Apr 20 2024 12:47 AM UTC

Comfort Systems USA Reports Strong Revenue Growth and Higher Profitability Compared to CompetitorsHouston-based mechanical and electrical contracting services provider, Comfort Systems USA Inc (NYSE: FIX), has announced its first quarter 2024 conference call and webcast to discuss financial results. The company reported a revenue increase of 21.52% in the fourth quarter of 2...

Business Update

Comfort Systems USA Inc Anticipates Strong First Quarter 2024 Results with Increasing Sales and Cost Management Strategies

Published Fri, Apr 19 2024 9:47 PM UTC

Comfort Systems USA Announces First Quarter 2024 Conference Call and WebcastHOUSTON - Comfort Systems USA, Inc. (NYSE: FIX), a leading provider of mechanical and electrical contracting services including heating, ventilation, air conditioning, plumbing, electrical, piping, and controls, has announced the scheduling of its quarterly conference call and webcast for Friday, Apr...

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...






 

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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