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Comfort Systems USA First Quarter 2024 Earnings: Beats Expectations
Comfort Systems USA (NYSE:FIX) First Quarter 2024 Results
Key Financial Results
- Revenue: US$1.54b (up 31% from 1Q 2023).
- Net income: US$96.3m (up 68% from 1Q 2023).
- Profit margin: 6.3% (up from 4.9% in 1Q 2023). The increase in margin was driven by higher revenue.
- EPS: US$2.70 (up from US$1.60 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Comfort Systems USA Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 35%.
Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Construction industry in the US.
Performance of the American Construction industry.
The company's shares are up 3.9% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Comfort Systems USA that we have uncovered.
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About NYSE:FIX
Comfort Systems USA
Comfort Systems USA, Inc., together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States.
Outstanding track record with excellent balance sheet.