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- Revenue: Comfort Systems USA reported revenue of $1.81 billion, beating the estimate of $1.68 billion. This represents a 40% year-over-year increase.
- Operating Income: The company had an operating income of $184.7 million, surpassing the estimate of $144 million.
- Pretax Profit: Pretax profit was reported at $169.7 million, exceeding the estimate of $143.8 million.
- Adjusted EBITDA: Adjusted EBITDA came in at $222.7 million, higher than the expected $180.8 million.
- Cash from Operating Activities: Cash generated from operating activities was $189.9 million, outperforming the estimate of $127.6 million.
- SG&A Expense: SG&A expense totaled $179.5 million, slightly above the estimate of $173.3 million.
- Analyst Ratings: The company has 2 buy ratings, 3 hold ratings, and 0 sell ratings from analysts.
Comfort Systems Usa on Smartkarma
Comfort Systems Usa has been receiving positive analyst coverage on Smartkarma, an independent investment research network. Baptista Research, one of the top independent analysts on the platform, published two insightful reports on the company. The first report, titled “Comfort Systems USA: Strategic Acquisitions for Revenue Growth & 3 Major Growth Drivers,” highlights the company’s strong performance in Q1 2024. With robust revenue growth, significant margin expansion, and solid cash flow, Comfort Systems USA reported impressive results. President and CEO, Brian Lane, credited the success to the dedicated teams across the country, achieving a 23% same-store growth.
The second report by Baptista Research, “Comfort Systems USA: Initiation Of Coverage – Recent Acquisitions & 4 Major Factors Driving Growth!” commends the company’s achievements throughout 2023. With quarterly revenue reaching $1.4 billion and a considerable 18% same-store growth, Comfort Systems USA demonstrated notable progress. Both the mechanical and electrical businesses of the company experienced growth and improved margins, contributing to a successful year. These reports reflect a bullish sentiment on Comfort Systems USA’s future prospects as analyzed by the expert team at Baptista Research.
A look at Comfort Systems Usa Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 2 | |
Dividend | 2 | |
Growth | 4 | |
Resilience | 3 | |
Momentum | 3 | |
OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on SmartKarma Smart Scores, Comfort Systems Usa appears to have a promising long-term outlook. With a growth score of 4, the company is positioned well for future expansion and development. This indicates that Comfort Systems Usa has strong potential for increasing its market share and profitability over time. Additionally, with resilience and momentum scores of 3, the company shows solid stability and performance consistency, which are essential qualities for sustaining growth in the long run.
While the value and dividend scores are not as high as growth, resilience, and momentum, Comfort Systems Usa‘s overall outlook seems positive. The company’s focus on providing heating, ventilation, and air conditioning services to a diverse range of commercial and industrial markets underscores its adaptability and relevance in various sectors. This, combined with its favorable Smart Scores, suggests that Comfort Systems Usa may be a promising investment option for long-term growth potential.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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