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Jun 30, 2024
Comfort Systems USA Q2 2024 Earnings Report
Comfort Systems USA's Q2 2024 results were reported, marked by significant revenue and earnings growth.
Key Takeaways
Comfort Systems USA reported a strong second quarter in 2024, with revenue increasing to $1.81 billion and net income reaching $134.0 million, or $3.74 per diluted share. The company's backlog remains high, and operating cash flow saw a substantial increase compared to the previous year.
Revenue for Q2 2024 increased to $1.81 billion, up from $1.30 billion in Q2 2023.
Net income for Q2 2024 was $134.0 million, or $3.74 per diluted share, compared to $69.5 million, or $1.93 per diluted share, in Q2 2023.
Operating cash flow for Q2 2024 was $189.9 million, compared to $125.4 million in Q2 2023.
Backlog as of June 30, 2024, was $5.77 billion, with same-store backlog increasing to $5.22 billion.
Forward Guidance
Company anticipates strong results will continue in the second half of 2024 and into 2025 due to high backlog levels, a surge in same-store revenue, robust job pipelines, and unprecedented demand.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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