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

Comfort Systems USA, Inc.'s Latest Earnings Call - Q3 FY2026

In the third quarter of 2026, Comfort Systems USA, Inc. (FIX:US) reported strong financial results, with revenue reaching $3.8 billion, a 54% increase year-over-year. Earnings per share (EPS) were $13.91, up from $8.25 in the same quarter last year, reflecting robust demand across its mechanical and electrical segments. Management raised guidance for 2027, anticipating mid-20% revenue growth, supported by a record backlog of $17.8 billion, which is $8.4 billion higher than the previous year.

Reported metrics

Guidance from management

Management expects full-year same-store revenue growth in the mid-40% range for 2026 and mid-20% for 2027. They also anticipate maintaining strong gross profit margins in the coming quarters.

What management said

Yes. Yes. I'll jump in, and then I'm sure Bill will want to add a little bit too. But sequentially, we just -- we carried a higher proportion of equipment and materials in our cost mix this quarter. So that's going to add revenue, but equipment doesn't carry the margin. Our labor does. So the percentage comes down even as the dollars go up. So -- but anyway, the way I think about it, I'd be careful about focusing on ...

Yes, there are definitely new customers creeping in and demand is just very strong. I mean our customers -- I think part of it is our customers are committing earlier and for larger scopes because they know that capacity like ours is scarce right now. And we continue to be really selective in what we're looking at. So yes, it's kind of all of the above. It's a market right now where the governor isn't demand, the gov...

What analysts pressed on

Analysts expressed concerns regarding the sequential margin decline and the impact of labor availability on future growth. There were questions about how the company plans to manage operational challenges as demand continues to rise.

Main topics on the call

• Record Backlog — Comfort Systems reported a record backlog of $17.8 billion, an increase of $8.4 billion or 90% year-over-year. CEO Brian Lane emphasized, "We achieved an eighth consecutive sequential backlog increase," indicating strong...
• Earnings Growth — The company reported net income of $489 million for the quarter, translating to EPS of $13.91, which is $5.66 higher than the same quarter last year. This significant growth was attributed to strong execution and increas...
• Acquisitions and Growth Strategy — Management announced the acquisition of two companies expected to contribute over $100 million in annual revenue. CEO Brian Lane stated, "We continue to book work with good margins and good working conditions for our val...
• Margin Pressures — Despite strong revenue growth, the company experienced slight margin pressures due to a higher proportion of equipment and materials in the cost mix. CFO Bill George noted, "We carried a higher proportion of equipment an...

Read the full Comfort Systems USA, Inc. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 29 Comfort Systems USA, Inc. earnings call transcripts on record, spanning February 27, 2020 to October 23, 2026. Based on this history, Comfort Systems USA, Inc. reports quarterly. The most recent call on file is dated October 23, 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

29

First call

February 27, 2020

Most recent

October 23, 2026

Reporting cadence

quarterly