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AI English summary of an SEC filing — figures as filed

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The company said net income for the quarter ended June 30, 2024 was $134.0 million, or $3.74 per diluted share, compared with $69.5 million ($1.93) a year earlier. Revenue for the same quarter was $1.81 billion, versus $1.30 billion a year earlier.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said net income for the quarter ended June 30, 2024 was $134.0 million, or $3.74 per diluted share, compared with $69.5 million ($1.93) a year earlier. Revenue for the same quarter was $1.81 billion, versus $1.30 billion a year earlier.

  2. Comfort Systems USA reported a gross profit margin of 20.1% for Q2, compared with 17.6% a year earlier, and operating income of $184,670 thousand, versus $92,082 thousand a year earlier.

  3. The company said backlog as of June 30, 2024 was $5.77 billion, compared with $5.91 billion as of March 31, 2024 and $4.19 billion as of June 30, 2023. On a same-store basis, backlog rose from $4.19 billion to $5.22 billion.

  4. Comfort Systems USA reported operating cash flow of $189.9 million for Q2, compared with $125.4 million a year earlier, and free cash flow of $167,289 thousand, versus $102,264 thousand a year earlier.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Net Income and Revenue Comparison for Q2

The company said net income for the quarter ended June 30, 2024 was $134.0 million, or $3.74 per diluted share, compared with $69.5 million ($1.93) a year earlier. Revenue for the same quarter was $1.81 billion, versus $1.30 billion a year earlier.

Source · Based on the filing body and exhibits

Gross Profit Margin and Operating Income for Q2

Comfort Systems USA reported a gross profit margin of 20.1% for Q2, compared with 17.6% a year earlier, and operating income of $184,670 thousand, versus $92,082 thousand a year earlier.

Source · Based on the filing body and exhibits

Backlog Overview

The company said backlog as of June 30, 2024 was $5.77 billion, compared with $5.91 billion as of March 31, 2024 and $4.19 billion as of June 30, 2023. On a same-store basis, backlog rose from $4.19 billion to $5.22 billion.

Source · Based on the filing body and exhibits

Operating and Free Cash Flow for Q2

Comfort Systems USA reported operating cash flow of $189.9 million for Q2, compared with $125.4 million a year earlier, and free cash flow of $167,289 thousand, versus $102,264 thousand a year earlier.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.