Comfort Systems USA (FIX) Misses Q2 EPS by 20c, Revenues Miss

Comfort Systems USA (NYSE: FIX) reported Q2 EPS of $0.65, $0.20 worse than the analyst estimate of $0.85. Revenue for the quarter came in at $650.3 million versus the consensus estimate of $677.37 million.

Brian Lane, Comfort Systems USA’s President and Chief Executive Officer, said, “We are pleased to report a good second quarter as our operations continue to post strong results. Although we did not earn as much during the second quarter of 2019 as we earned during our truly extraordinary second quarter in 2018, we remain very confident in our ongoing prospects. Our backlog strengthened both as compared to the prior quarter and as compared to the same period last year.”

Mr. Lane concluded, “We believe that 2019 will be another strong year for Comfort Systems USA, and early indications help us to be very optimistic about our prospects for 2020. We remain committed to invest in our business and especially in our fantastic workforce. Our markets are solid, our backlog is strong, and we look forward to continued growth and strong profitability.”

For earnings history and earnings-related data on Comfort Systems USA (FIX) click here.

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