Comfort Systems USA Q4 Earnings Soar Past Expectations
April 27, 2023
Trending News ☀️
Comfort ($NYSE:FIX) Systems USA Inc. (NYSE: FIX) reported its fourth-quarter earnings today, surpassing expectations and sending its stock price soaring. Comfort Systems USA is one of the nation’s largest heating, ventilation and air conditioning (HVAC) services companies. It also highlights their ability to deliver value to their customers through their quality service offerings. Investors have responded favorably to the news, with Comfort Systems’ stock up more than 8% in after-hours trading.
Share Price
On Wednesday, COMFORT SYSTEMS USA stock opened at $130.4 and closed at $132.8, up by 0.7% from its previous closing price of 131.9. This was driven by strong revenue growth and operating margin expansion from a year earlier. The positive earnings and dividend news sent COMFORT SYSTEMS USA shares soaring and helped the company close the day up by 0.7%. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FIX. More…
| Total Revenues | Net Income | Net Margin |
| 4.14k | 245.95 | 6.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FIX. More…
| Operations | Investing | Financing |
| 301.53 | -97.18 | -205.91 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FIX. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.6k | 1.6k | 27.96 |
Key Ratios Snapshot
Some of the financial key ratios for FIX are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.5% | 15.9% | 6.0% |
| FCF Margin | ROE | ROA |
| 6.1% | 15.9% | 6.0% |
Analysis
At GoodWhale, we conducted a fundamental analysis of COMFORT SYSTEMS USA, and the results are presented below. The Star Chart showed that COMFORT SYSTEMS USA is classified as a ‘gorilla’, indicating that it achieved stable and high revenue or earning growth thanks to its strong competitive advantage. This type of company may be of interest to value investors, dividend seekers, growth investors or those looking for a reliable income stream. COMFORT SYSTEMS USA also scored highly in terms of dividend, growth, profitability, and medium in asset. Moreover, the company was found to have a high health score of 8/10 with regard to its cashflows and debt, suggesting that it is capable to pay off debt and fund future operations. 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
Comfort Systems USA, a provider of heating, ventilation, and air conditioning (HVAC) services, recently released its non-GAAP earnings per share (EPS) at $1.51. Revenue for the quarter was also strong at $1.17 billion, beating expectations by $70 million. This performance has been attributed to the company’s strategic investments in its operations and services, which have allowed it to expand its customer base and leverage higher margin products. Going forward, investors can expect Comfort Systems USA to remain competitive and continue to produce strong financials as its operations become more efficient.
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