•
Sep 30, 2021

Comfort Systems USA Q3 2021 Earnings Report

Reported strong growth, earnings, backlog, and cash flow.

Key Takeaways

Comfort Systems USA reported strong third quarter results with revenue of $833.9 million and net income of $46.3 million, or $1.27 per diluted share. The company's backlog increased to $1.94 billion, and operating cash flow was $42.6 million.

Revenue for the third quarter of 2021 was $833.9 million, an increase from $714.1 million in 2020.

Net income for the quarter ended September 30, 2021, was $46.3 million, or $1.27 per diluted share.

Operating cash flow for the current quarter was $42.6 million.

Backlog as of September 30, 2021, reached $1.94 billion.

Total Revenue
$834M
Previous year: $714M
+16.8%
EPS
$1.27
Previous year: $1.19
+6.7%
Total Backlog
$1.94B
Previous year: $1.43B
+35.7%
Gross Profit
$159M
Previous year: $147M
+8.2%
Cash and Equivalents
$67.7M
Previous year: $70.5M
-4.0%
Free Cash Flow
$37.8M
Previous year: $47.7M
-20.8%
Total Assets
$1.95B
Previous year: $1.68B
+16.3%

Comfort Systems USA

Comfort Systems USA

Forward Guidance

No specific forward guidance was provided in the press release.