- Comfort Systems USA, Inc. (FIX, Financial) reported a significant rise in net income for Q1 2025 to $169.3 million, up from $96.3 million in Q1 2024.
- Revenue increased to $1.83 billion from $1.54 billion a year earlier, while the backlog grew to $6.89 billion as of March 31, 2025.
- The company observed operating cash outflows of $88.0 million in Q1 2025, contrasting with inflows of $146.6 million in the previous year.
Comfort Systems USA, Inc. (FIX) has announced its financial results for the quarter ending March 31, 2025, showcasing a robust start to the year. Net income for the quarter surged to $169.3 million, or $4.75 per diluted share, a notable increase from $96.3 million, or $2.69 per diluted share, reported in the same period last year. This growth was partly attributed to a $0.25 per diluted share benefit from interest income on a prior year tax refund.
Revenue for the first quarter reached $1.83 billion, compared to $1.54 billion in Q1 2024, marking substantial progress in the company's financial performance. Despite the rise in revenue, Comfort Systems USA experienced operating cash outflows of $88.0 million this quarter, contrasting with the $146.6 million inflows recorded in the first quarter of 2024.
As of March 31, 2025, the company's backlog increased significantly to $6.89 billion from $5.99 billion at the end of December 2024 and $5.91 billion a year ago. On a same-store basis, backlog rose to $6.84 billion, showcasing sequential growth over $800 million. CEO Brian Lane expressed optimism, stating that these results reflect the company's strong execution and customer relationships, fueling confidence in continued success throughout 2025 and into 2026.
Comfort Systems USA will conduct a webcast and conference call on April 25, 2025, at 10:00 a.m. Central Time to further discuss these financial results. Interested parties can register through the company's website to receive dial-in information for the call.
