Comfort Systems USA reports Q4 EPS $2.55, consensus $2.20

Reports Q4 revenue $1.36B, consensus $1.33B. Brian Lane, Comfort Systems USA’s President and Chief Executive Officer, said, “2023 was a year of great execution by our people in markets across the country, as they achieved unprecedented growth, earnings, and cash flow. During the fourth quarter both our mechanical and electrical businesses grew and increased margins to drive our annual results to new heights. Construction finished an already strong year on an up note, with particularly notable profit and activity increases in our modular business. Service also achieved superb execution, continued growth, and improved profitability, as our service operations continue to benefit from ongoing investments. Cash flow for the quarter was an extraordinary $149 million, strongly up from last year, and we finished the year with over $550 million in free cash flow.”