COMFORT SYSTEMS USA INC
For the period ended Jun 30, 2024. Filed Jul 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 25, 2024
FIX$1,113.23+9.4%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(In Thousands, Except Per Share Data)
| | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended · · Six Months Ended · | |||||||||||||
| · · June 30, · · June 30, · | |||||||||||||
| · 2024 · 2023 · 2024 · 2023 | |||||||||||||
| REVENUE | | $1,810,290 | | $1,296,430 | | $3,347,306 | | $2,471,070 | | ||||
| COST OF SERVICES | | 1,446,694 | | 1,068,510 | | 2,686,347 | | 2,037,745 | | ||||
| Gross profit | | 363,596 | | 227,920 | | 660,959 | | 433,325 | | ||||
| SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | | 179,537 | | 136,430 | | 342,260 | | 271,462 | | ||||
| GAIN ON SALE OF ASSETS | | (611) | | (592) | | (1,431) | | (1,104) | | ||||
| Operating income | | 184,670 | | 92,082 | | 320,130 | | 162,967 | | ||||
| OTHER INCOME (EXPENSE): | | | | | | | | | | | | | |
| Interest income | | 1,264 | | 92 | | 2,867 | | 1,489 | | ||||
| Interest expense | | (1,709) | | (3,918) | | (3,342) | | (7,994) | | ||||
| Changes in the fair value of contingent earn-out obligations | | (14,689) | | (3,098) | | (27,180) | | (5,480) | | ||||
| Other | | 119 | | 44 | | 236 | | 45 | | ||||
| Other income (expense) | | (15,015) | | (6,880) | | (27,419) | | (11,940) | | ||||
| INCOME BEFORE INCOME TAXES | | 169,655 | | 85,202 | | 292,711 | | 151,027 | | ||||
| PROVISION FOR INCOME TAXES | | 35,646 | | 15,726 | | 62,383 | | 24,335 | | ||||
| NET INCOME | | $134,009 | | $69,476 | | $230,328 | | $126,692 | | ||||
| | | | | | | | | | | | | | |
| INCOME PER SHARE: | | | | | | | | | | | | | |
| Basic | | $3.75 | | $1.94 | | $6.44 | | $3.54 | | ||||
| Diluted | | $3.74 | | $1.93 | | $6.43 | | $3.53 | | ||||
| | | | | | | | | | | | | | |
| SHARES USED IN COMPUTING INCOME PER SHARE: | | | | | | | | | | | | | |
| Basic | | 35,746 | | 35,822 | | 35,742 | | 35,817 | | ||||
| Diluted | | 35,828 | | 35,906 | | 35,828 | | 35,907 | | ||||
** COMFORT SYSTEMS USA, INC.**
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