COMFORT SYSTEMS USA Reports 27.4% Revenue Increase and 64.4% Net Income Increase for Q2 2023

☀️Earnings Overview

COMFORT SYSTEMS USA ($NYSE:FIX) reported total revenue of USD 1296.4 million for the quarter ending June 30, 2023, an increase of 27.4% compared to the same period a year prior, and net income of USD 69.5 million, a 64.4% increase year-over-year.

Analysis

GoodWhale’s insights allow us to analyze COMFORT SYSTEMS USA’s financials. According to Star Chart, COMFORT SYSTEMS USA has a very high health score of 8/10 in terms of its cash flows and debts, indicating that it is capable of sustaining future operations in times of crisis. In addition, COMFORT SYSTEMS USA is classified as a ‘gorilla’, a type of company which we conclude has achieved stable and high revenue or earning growth due to its strong competitive advantage. These factors make COMFORT SYSTEMS USA an attractive investment for many types of investors. Specifically, the company is strong in dividends, growth, and profitability, and medium in assets. Investors looking for companies with a strong competitive advantage and steady growth may be especially interested in investing in COMFORT SYSTEMS USA. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for FIX. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for FIX. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for FIX. More…

Key Ratios Snapshot

Some of the financial key ratios for FIX are shown below. More…

Peers

The competition in the comfort systems industry is heating up as companies vie for market share. Each of these companies has its own strengths and weaknesses, and it will be interesting to see how the competition plays out in the coming years.

– Solis Holdings Ltd ($SEHK:02227)

Solis Holdings Ltd is a publicly traded company with a market capitalization of 155.65 million as of 2022. The company has a return on equity of -1.19%. Solis Holdings Ltd is a leading provider of solar photovoltaic products and services. The company designs, manufactures, and sells solar panels and solar power systems for residential, commercial, and industrial applications. Solis Holdings Ltd also provides financing solutions for solar projects.

– Kinden Corp ($TSE:1944)

Kinden Corp is a publicly traded company with a market capitalization of $297.58 billion as of 2022. The company has a return on equity of 4.57%. Kinden Corp is engaged in the business of providing engineering, construction, and project management services. The company has operations in North America, Europe, Asia, and the Middle East.

– United Integrated Services Co Ltd ($TWSE:2404)

As of 2022, United Integrated Services Co Ltd has a market cap of 30.39B and a Return on Equity of 35.23%. The company is engaged in the provision of integrated services, including construction, engineering, procurement, and project management.

Summary

Investors should be encouraged by the Q2 2023 results of Comfort Systems USA, which reported a strong increase in both revenue and net income. Total revenues for Q2 2023 were USD 1296.4 million, a year-over-year increase of 27.4%, while net income rose 64.4% to USD 69.5 million compared to the same period in the prior year. This demonstrates the company’s ability to create revenue growth and profitability in challenging market conditions. With such strong financial performance, Comfort Systems USA is an attractive option for investors looking for both short-term and long-term returns.