Comfort Systems said revenue for Q1 2025 increased $294.3 million, or 19.1%, to $1.83 billion, with same-store revenue growth of 15.4% and an increase of 3.7% from the acquisitions of Century, Summit and J&S.

1. 01

   Comfort Systems said revenue for Q1 2025 increased $294.3 million, or 19.1%, to $1.83 billion, with same-store revenue growth of 15.4% and an increase of 3.7% from the acquisitions of Century, Summit and J&S.

2. 02

   The company said gross profit for Q1 2025 increased $106.1 million, or 35.7%, to $403.4 million, and gross profit margin improved from 19.3% in Q1 2024 to 22.0% in Q1 2025.

3. 03

   Comfort Systems said backlog as of March 31, 2025 was $6.89 billion, an increase of 14.9% from December 31, 2024 backlog of $5.99 billion and an increase of 16.5% from March 31, 2024 backlog of $5.91 billion.

4. 04

   The company said cash used in operating activities for Q1 2025 was $88.0 million and repurchased 0.3 million shares for approximately $92.2 million, including taxes.

Key figures

Quarter ended March 31, 2025

Revenue

$1.8B

Operating income

$209M

Net income

$169M

EPS

$4.75

Gross profit

$403M

Operating cash flow

−$88M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

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