Recent Updates — FIX
Comfort Systems USA reported third-quarter 2026 results with revenue of $3.77 billion, up from $2.45 billion in the prior year period, and diluted earnings per share of $13.91 compared to $8.25. Net income reached $489.0 million, driven by strong demand across its service lines. Operating cash flow for the quarter was $1.01 billion, significantly higher than the $553.3 million reported in 2025. The company also announced an increase to its quarterly dividend to $1.00 per share, up from $0.90, payable on November 23, 2026 to shareholders of record as of November 12, 2026. Backlog grew to $17.81 billion as of September 30, 2026. Comfort Systems USA is a leading provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services.
Bill George is retiring as Executive Vice President and Chief Financial Officer of Comfort Systems USA after a 30-year tenure that began at the company's founding in 1997. His departure becomes effective upon the filing of the annual report for the year ending December 31, 2026. Julie Shaeff, currently Senior Vice President and Chief Accounting Officer, is promoted to succeed him as CFO on the same date. The transition follows a planned succession strategy with no disagreements cited regarding George's departure. Comfort Systems USA provides commercial, industrial, and institutional heating, ventilation, air conditioning, and electrical contracting services.
Comfort Systems USA reported second quarter 2026 financial results, featuring net income of $441.6 million ($12.53 per diluted share) and revenue of $3.27 billion, up from $230.8 million and $2.17 billion in the prior year's quarter. Operating cash flow rose significantly to $1.14 billion from $252.5 million in Q2 2025. The company also declared a quarterly dividend of $0.90 per share, representing a $0.10 increase, payable on August 24, 2026, to shareholders of record as of August 13, 2026. Backlog reached $14.06 billion as of June 30, 2026. The company provides commercial, industrial, and institutional HVAC and electrical contracting services.
Comfort Systems USA, Inc. announced that Craig Sasser will transition from Regional Vice President – Atlantic Region to Chief Operating Officer, effective July 1, 2026. Mr. Sasser's new compensation includes an annual base salary of $600,000, a target bonus opportunity of 90% of his base salary, and a long-term incentive award valued at 200% of his base salary consisting of time-vesting and performance-vesting restricted stock units. The company also noted leadership transitions for Mr. Blair and Mr. McKenna in an accompanying press release. Comfort Systems USA, Inc. provides mechanical, electrical, and plumbing (MEP) services to the commercial and industrial markets.