Comfort Systems USA Q1 revenue beats estimates

Comfort Systems Usa

23/04/2026 21:14

Overview

U.S. HVAC contractor's Q1 revenue beat analyst expectations

Q1 EPS more than doubled yr/yr and beat analyst expectations

Company backlog increased yr/yr and sequentially, reflecting robust demand

Outlook

Company cites robust ongoing demand and strong pipelines for the next several quarters

Comfort Systems USA says higher backlog reflects continued market demand

Result Drivers

ORGANIC REVENUE GROWTH - Co said Q1 organic revenue grew 51% yr/yr, contributing to higher earnings

ROBUST DEMAND - Co said persistent demand and recent bookings drove higher backlog

Company press release: ID:nBw9M2yLxa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$2.87 bln
$2.38 bln (7 Analysts)
Q1 Net Income
Beat
$370.38 mln
$241.53 mln (6 Analysts)
Q1 Operating Income
Beat
$485.72 mln
$312.75 mln (6 Analysts)
Q1 Pretax Profit
Beat
$482.15 mln
$304.73 mln (5 Analysts)
Q1 Gross Profit
$754.41 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for Comfort Systems USA Inc is $1,770.23, about 2.7% above its April 22 closing price of $1,724.49

The stock recently traded at 44 times the next 12-month earnings vs. a P/E of 31 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)