Comfort Systems USA reported outstanding third quarter results with EPS doubling year-over-year to $8.25, driven by robust construction demand and strategic acquisitions.
- Revenue increased 35% year-over-year to $2.5 billion, primarily fueled by a 71% growth in the electrical segment.
- Record backlog reached $9.4 billion, reflecting a 65% increase compared to the same time last year.
- EBITDA surged by 74% to $414 million, marking the highest quarterly EBITDA in company history.
- Quarterly dividend raised by 20% to $0.60 per share, reinforcing commitment to returning capital to shareholders.
- Recent acquisitions of FZ Electrical and Meisner Electric expected to generate an additional $200 million in annual revenue and $15 million to $20 million in EBITDA.
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