Comfort Systems USA Shares Rebound 7.18% After Two-Session Slide

Comfort Systems USA shares climbed 7.18% Monday, Oct. 26, to $1,244.19, recouping some losses from declines in the two preceding sessions for the U.S. building-services contractor.

The shares added $83.33. They had fallen 8.70% on Oct. 22 and 9.26% on Oct. 23.

The company’s third-quarter report, issued Oct. 22, showed revenue of $3.77 billion for the quarter ended Sept. 30, up from $2.45 billion a year earlier. Net income rose to $489 million, or $13.91 per diluted share, from $291.6 million, or $8.25. Backlog stood at $17.81 billion on Sept. 30, compared with $14.06 billion at June 30 and $9.38 billion a year earlier. CEO Brian Lane said, “Strong ongoing demand and consistent excellence by our teams resulted in extraordinary results across every metric this quarter.”

Comfort Systems provides heating, ventilation, air-conditioning and electrical contracting services to commercial, industrial and institutional customers. TokenPost previously covered the company’s quarterly results and CFO succession.