Comfort Systems USA, Inc. (FIX) Earnings Call Transcripts

Comfort Systems USA, Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, Comfort Systems USA, Inc. reported a record revenue of $3.3 billion, a significant increase of $1.1 billion year-over-year, and earnings per share of $12.53, up 92% from the prior year. The company also announced a record backlog of $14.1 billion, driven by strong demand in the technology sector and an increase in bookings. Management maintained a positive outlook for the remainder of 2026, projecting full-year same-store revenue growth in the mid- to high 30% range, reflecting robust operational execution and market conditions.

Reported metrics

Guidance from management

Management expects full-year same-store revenue growth in the mid- to high 30% range, indicating strong performance for the remainder of 2026. They also highlighted ongoing investments in capacity expansion and shareholder returns.

What management said

We've told you that we would spend about 5% of our increasing revenues on essentially it boils out to buildings where we're buying them instead of leasing them because we're putting so much capital into these buildings in the form of robots and custom paint booths and turntables and various kinds of cutters. And then we also continue to keep a sharp eye out for opportunities to buy stock. We like our stock better tha...

Yes. We've been having some success with some pilot contracts, just small contracts with both Frontier labs and also with colocation providers. And the hope is that those will lead to future programs. .

What analysts pressed on

Analysts expressed concerns regarding potential impacts from state moratoriums on data centers and how this might affect future projects. There were also questions about the sustainability of the high growth rates given the upcoming comparables in the fourth quarter.

Main topics on the call

• Record Revenue and Earnings — Comfort Systems achieved quarterly revenue of $3.3 billion and earnings per share of $12.53, marking a 92% increase year-over-year. CEO Brian Lane stated, "We had a fantastic quarter with amazing execution by our teams."
• Increased Backlog — The company's backlog reached a record high of $14.1 billion, reflecting a 73% year-over-year increase. Management noted that "bookings continued to trend upwards" and demand remains strong, particularly in technology.
• Strong Segment Performance — The Electrical segment saw revenue growth of 81%, while the Mechanical segment grew by 40%. Bill George highlighted that "EBITDA that was higher than last year by 80%" due to strong demand and execution.
• Dividend Increase — The company raised its quarterly dividend by $0.10 to $0.90 per share, signaling confidence in its financial health. This move is indicative of the company's commitment to returning value to shareholders.

Read the full Comfort Systems USA, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 Comfort Systems USA, Inc. earnings call transcripts on record, spanning February 27, 2020 to July 24, 2026. Based on this history, Comfort Systems USA, Inc. reports quarterly. The most recent call on file is dated July 24, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FIX

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Construction and Engineering

Calls on record

28

First call

February 27, 2020

Most recent

July 24, 2026

Reporting cadence

quarterly