Mechanical and electrical contracting services firm Comfort Systems Q3 net income beats estimates

Comfort Systems Usa

23/10/2025 21:24

Overview

Comfort Systems USA Q3 revenue and net income beat analyst expectations, per LSEG data

Company's Q3 EPS doubled from last year due to favorable project developments

Company acquired two electrical firms, expecting to add over $200 mln in annual revenue

Outlook

Company optimistic about Q4 and 2026 due to strong backlog and acquisitions

Comfort Systems USA expects over $200 mln incremental annual revenue from acquisitions

Backlog exceeds $9 bln, driven by unprecedented demand for services

Result Drivers

PROJECT EXECUTION - Favorable developments in late-stage projects contributed to doubling Q3 EPS from last year, according to CEO Brian Lane

BACKLOG GROWTH - Unprecedented demand for services drove backlog growth, reaching over $9 bln, per CEO Brian Lane

ACQUISITIONS - Acquisition of two electrical companies expected to add over $200 mln in annual revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$2.45 bln
$2.15 bln (8 Analysts)
Q3 Net Income
Beat
$291.61 mln
$217 mln (6 Analysts)
Q3 Operating Income
Beat
$378.87 mln
$283.90 mln (6 Analysts)
Q3 Pretax Profit
Beat
$370.45 mln
$281 mln (5 Analysts)
Q3 Adjusted Free Cash Flow
$553.30 mln
Q3 Gross Profit
$607.87 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 $795.00, about 4.3% above its October 21 closing price of $829.36

The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release: ID:nBw7SWYSxa

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