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Jun 30, 2021

Comfort Systems USA Q2 2021 Earnings Report

Comfort Systems USA reported a decrease in revenue and net income for Q2 2021, but backlog increased.

Key Takeaways

Comfort Systems USA reported a decrease in revenue and net income for the second quarter of 2021, with revenue at $713.9 million compared to $743.5 million in 2020, and net income at $33.0 million compared to $39.5 million in 2020. However, the company's backlog increased to $1.84 billion.

Net income was $33.0 million, or $0.90 per diluted share.

Revenue was $713.9 million.

Operating cash flow was $25.4 million.

Backlog was $1.84 billion.

Total Revenue
$714M
Previous year: $743M
-4.0%
EPS
$0.9
Previous year: $1.08
-16.7%
Total Backlog
$1.84B
Previous year: $1.53B
+20.3%
Gross Profit
$126M
Previous year: $146M
-13.2%
Cash and Equivalents
$53.7M
Previous year: $53.3M
+0.8%
Free Cash Flow
$19.5M
Previous year: $136M
-85.6%
Total Assets
$1.75B
Previous year: $1.68B
+4.7%

Comfort Systems USA

Comfort Systems USA