Comfort Systems Usa, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 28, 2021 at 04:21 pm EDT
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Comfort Systems USA, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 713.895 million compared to USD 743.468 million a year ago. Operating income was USD 39.397 million compared to USD 60.962 million a year ago. Net income was USD 32.965 million compared to USD 39.495 million a year ago. Basic earnings per share from continuing operations was USD 0.91 compared to USD 1.08 a year ago. Diluted earnings per share from continuing operations was USD 0.9 compared to USD 1.08 a year ago. For the half year, sales was USD 1,383.656 million compared to USD 1,443.599 million a year ago. Operating income was USD 75.002 million compared to USD 85.685 million a year ago. Net income was USD 59.456 million compared to USD 57.211 million a year ago. Basic earnings per share from continuing operations was USD 1.64 compared to USD 1.56 a year ago. Diluted earnings per share from continuing operations was USD 1.63 compared to USD 1.55 a year ago.
Comfort Systems USA, Inc. provides mechanical and electrical contracting services. The Company operates through two segments: Mechanical and Electrical. The Mechanical segment principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, monitoring and fire protection. This segment also installs connecting and distribution elements, such as piping and ducting. The Electrical segment includes installation and servicing of electrical systems. The Company builds, installs, maintains, repairs and replaces mechanical, electrical and plumbing (MEP) systems throughout its approximately 44 operating units at 172 locations across the United States. It is also engaged in offering engineering, design-assist and turnkey, direct hire construction services of modular systems serving the advanced technology, power and industrial sectors. It also provides mechanical construction services to the commercial and industrial sectors.