Overview

* Comfort Systems USA ( FIX ) Q3 revenue and net income beat analyst expectations, per LSEG data

* Company's Q3 EPS doubled from last year due to favorable project developments

* Company acquired two electrical firms, expecting to add over $200 mln in annual revenue

Outlook

* Company optimistic about Q4 and 2026 due to strong backlog and acquisitions

* Comfort Systems USA ( FIX ) expects over $200 mln incremental annual revenue from acquisitions

* Backlog exceeds $9 bln, driven by unprecedented demand for services

Result Drivers

* PROJECT EXECUTION - Favorable developments in late-stage projects contributed to doubling Q3 EPS from last year, according to CEO Brian Lane

* BACKLOG GROWTH - Unprecedented demand for services drove backlog growth, reaching over $9 bln, per CEO Brian Lane

* ACQUISITIONS - Acquisition of two electrical companies expected to add over $200 mln in annual revenue

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $2.45 $2.15

Revenue bln bln (8

Analysts

)

Q3 Net Beat $291.61 $217 mln

Income mln (6

Analysts

)

Q3 Beat $378.87 $283.90

Operatin mln mln (6

g Income Analysts

)

Q3 Beat $370.45 $281 mln

Pretax mln (5

Profit Analysts

)

Q3 $553.30

Adjusted mln

Free

Cash

Flow

Q3 Gross $607.87

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the construction & engineering peer group is "buy"

* Wall Street's median 12-month price target for Comfort Systems USA Inc ( FIX ) is $795.00, about 4.3% above its October 21 closing price of $829.36

* The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)