Comfort Systems USA Inc (NYSE:FIX)
$ 394.4 -3.03 (-0.76%) Market Cap: 13.91 Bil Enterprise Value: 14.09 Bil PE Ratio: 23.66 PB Ratio: 8.23 GF Score: 94/100
Back to the Transcripts List

Q4 2024 Comfort Systems USA Inc Earnings Call Transcript

Feb 21, 2025 / 04:00PM GMT
Release Date Price: $364 (-4.74%)

Key Points

Positve
  • Comfort Systems USA Inc (FIX) reported record annual and fourth quarter earnings with exceptional cash flow.
  • Same-store revenue growth for the fourth quarter was 22%, with earnings per share up 60% from last year.
  • Backlog reached a new all-time high of $6 billion, indicating strong demand across various sectors.
  • The company announced a quarterly dividend increase, reflecting strong cash flow and commitment to shareholder returns.
  • Recent acquisitions have surpassed expectations, contributing positively to revenue and growth.
Negative
  • Facing tough comparables in 2025, with expectations of high single-digit percentage growth in same-store revenue.
  • First quarter cash flow will be reduced due to a deferred $80 million tax payment related to Hurricane Barrel.
  • Increased SG&A expenses due to ongoing investments to support higher activity levels.
  • Potential challenges in maintaining the elevated margin levels achieved in 2024.
  • The company is turning down work due to capacity constraints, indicating potential limitations in workforce availability.
Operator

Good day, and thank you for standing by. Welcome to the fourth quarter 2024 Comfort Systems USA earnings conference call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, Julie Shaeff, Chief Accounting Officer. Please go ahead.

Julie Shaeff
Comfort Systems USA Inc - Senior Vice President, Chief Accounting Officer

Thanks, Marvin. Good morning. Welcome to Comfort Systems USA's fourth quarter and full year 2024 earnings call. Our comments today, as well as our press releases, contain forward-looking statements within the meaning of the applicable securities laws and regulations. What we will say today is based upon the current plans and expectations of Comfort Systems USA.

Those plans and expectations include risks and uncertainties that might cause actual future activities and results of our operations to be materially different from those in these comments. You can read a detailed listing and commentary concerning our specific risk

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2025 GuruFocus.com, LLC. All Rights Reserved.