Recent Updates — FIX
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.