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Comfort Systems USA reports Q1 EPS $1.59, consensus $1.05
The Fly

Comfort Systems USA reports Q1 EPS $1.59, consensus $1.05

Reports Q1 revenue $1.174B, consensus $1.08B. Brian Lane, Comfort Systems USA’s President and Chief Executive Officer, said, "We started 2023 on a very positive note, with remarkable increases in revenue and earnings per share. Our mechanical operations again performed at high levels and our electrical segment continued its trend of improving profitability. Cash flow was unusually strong, especially for a first quarter, and our backlog increased yet again, reflecting good ongoing demand in traditional and modular construction. Our already strong quarterly earnings were further increased by favorable resolution of certain litigation matters."

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