Every material Form 8-K Comfort Systems USA has filed with the SEC since April 25, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
The board approved an amendment that lets Comfort Systems USA repurchase up to 1,000,000 more shares beyond what it had bought through November 4, 2026. Through that date, the company had repurchased 11,752,570 shares for $1.71 billion, excluding excise tax. The filing does not give a timing for purchases, but the added capacity could reduce the share count for existing shareholders.
Board approved an amendment authorizing up to 994,606 additional shares, which tops off the plan to 1,000,000 shares beyond purchases made through November 4, 2026.
Through November 4, 2026, the company repurchased 11,752,570 shares at an aggregate price of $1,711,769,315, excluding excise tax.
The original program authorized up to 11,757,964 shares.
Purchases will be funded with available cash, in the open market or privately negotiated transactions, and the board may modify, suspend, extend or terminate the program at any time.
Comfort Systems USA posted an investor presentation on its website on October 28, 2026, showing higher revenue and profit for the three and nine months ended September 30, 2026, compared with the same periods of 2025. The filing contains no new guidance, and the presentation was furnished under Regulation FD rather than as an earnings release.
Three-month revenue was $3,766.3 million, up from $2,451.0 million; three-month net income was $489.0 million, up from $291.6 million.
Three-month diluted EPS was $13.91, up from $8.25 a year earlier.
Nine-month revenue was $9,897.3 million, up from $6,455.6 million; nine-month diluted EPS was $36.94, up from $19.52.
The company reported $2.16 billion in cash and no borrowings under its $1.10 billion senior credit facility at September 30, 2026.
Comfort Systems USA reported third-quarter 2026 net income of $489.0 million, or $13.91 per diluted share, up from $291.6 million, or $8.25, a year earlier, on revenue of $3.77 billion versus $2.45 billion. The company also declared a quarterly dividend of $1.00 per share, up $0.10, payable November 23, 2026 to holders of record on November 12, 2026.
Q3 2026 net income $489.0 million, or $13.91 per diluted share, versus $291.6 million, or $8.25, in Q3 2025
Q3 2026 revenue $3.77 billion versus $2.45 billion; backlog $17.81 billion at September 30, 2026, versus $14.06 billion at June 30, 2026
Quarterly dividend raised to $1.00 per share from $0.90, payable November 23, 2026 to holders of record November 12, 2026
Earnings webcast and conference call scheduled for Friday, October 23, 2026 at 10:00 a.m. Central Time
Comfort Systems USA said Chief Financial Officer Bill George will retire after the filing of its 2026 Form 10-K, and Chief Accounting Officer Julie Shaeff will succeed him as Executive Vice President and Chief Financial Officer. The filing says George's decision was not the result of any disagreement with the company, and his restricted stock unit awards will continue to vest. The change is a planned succession, and no changes to Shaeff's compensation have been determined yet.
Bill George, EVP and CFO, notified the company on October 16, 2026 of his intention to retire, effective after the 2026 Form 10-K is filed
Julie Shaeff, SVP and Chief Accounting Officer, will become EVP and CFO on the same transition date
George's time-based and performance-based RSU awards will remain outstanding and continue to vest under their terms
Compensation changes for Shaeff have not been determined; the company will file an amendment within four business days of any decision
Comfort Systems USA reported second-quarter 2026 net income of $441.6 million, or $12.53 per diluted share, up from $230.8 million, or $6.53 per diluted share, a year earlier, on revenue of $3.27 billion versus $2.17 billion. The board also declared a quarterly dividend of $0.90 per share, $0.10 above the company's most recent dividend, which raises the cash return to shareholders.
Q2 2026 net income was $441.6 million, or $12.53 per diluted share, versus $230.8 million, or $6.53, in Q2 2025.
Q2 2026 revenue was $3.27 billion, compared with $2.17 billion in Q2 2025.
Backlog was $14.06 billion at June 30, 2026, up from $12.45 billion at March 31, 2026 and $8.12 billion at June 30, 2025.
The $0.90 quarterly dividend is payable August 24, 2026, to stockholders of record at the close of business on August 13, 2026.
Comfort Systems USA announced leadership changes effective July 1, 2026. Craig Sasser, currently Regional Vice President for the Atlantic Region, will become Chief Operating Officer, with a $600,000 base salary and a 90% target bonus, and Briston Blair will become Chief Strategy & Innovation Officer. Trent McKenna will continue as President, and the filing reports no financial results or guidance changes.
Craig Sasser named Chief Operating Officer effective July 1, 2026, with a $600,000 annual base salary and a target bonus of 90% of base salary
Sasser's long-term incentive award has a grant date value equal to 200% of base salary, in restricted stock units
Briston Blair moves from Senior Vice President – Innovation & Strategy to Chief Strategy & Innovation Officer, effective July 1, 2026
Trent T. McKenna will continue to serve as President of the Company
Comfort Systems USA reported first-quarter 2026 net income of $370.4 million, or $10.51 per diluted share, up from $169.3 million, or $4.75, a year earlier, on revenue of $2.87 billion versus $1.83 billion. The company also raised its quarterly dividend to $0.80 per share from $0.70, payable May 26, 2026.
Net income was $370.4 million, or $10.51 per diluted share, versus $169.3 million, or $4.75, in Q1 2025.
Revenue was $2.87 billion versus $1.83 billion a year earlier; backlog was $12.45 billion as of March 31, 2026, up from $11.94 billion at December 31, 2025.
Operating cash inflow was $388.8 million versus an outflow of $88.0 million in Q1 2025.
Board declared a quarterly dividend of $0.80 per share, up $0.10, payable May 26, 2026 to holders of record on May 15, 2026.
Comfort Systems USA reported fourth-quarter 2025 net income of $330.8 million, or $9.37 per diluted share, up from $145.9 million, or $4.09, a year earlier, on revenue of $2.65 billion. Backlog stood at $11.94 billion at year-end, and the board declared a quarterly dividend of $0.70 per share, a $0.10 increase, which raises the cash payout to shareholders.
Q4 2025 net income $330.8 million, or $9.37 per diluted share, versus $145.9 million, or $4.09, in Q4 2024.
Q4 2025 revenue $2.65 billion versus $1.87 billion a year earlier; backlog $11.94 billion at December 31, 2025, versus $9.38 billion at September 30, 2025.
Full-year 2025 net income $1.02 billion, or $28.88 per diluted share, versus $522.4 million, or $14.60, in 2024; the tax provision includes a $0.25 per share benefit from interest on a prior-year tax refund.
Quarterly dividend of $0.70 per share, up from $0.60, payable March 17, 2026, to holders of record on March 6, 2026.
Comfort Systems USA said Trent McKenna will move from Executive Vice President and Chief Operating Officer to President and Chief Operating Officer effective January 1, 2026, with Brian E. Lane remaining Chief Executive Officer. General Counsel Laura F. Howell will retire effective December 31, 2025, and Rachel R. Eslicker will succeed her, so shareholders should note a senior management and legal leadership change at year-end.
McKenna's new base salary is $850,000, with a target bonus of 115% of base salary.
His long-term incentive award has a grant date value equal to 400% of base salary, split between time-vesting and performance-vesting restricted stock units.
Howell retires as Senior Vice President, General Counsel and Secretary effective December 31, 2025, and will serve as a Senior Executive Advisor in 2026.
Rachel R. Eslicker, Associate General Counsel since January 2023, has been appointed to succeed Howell.
Comfort Systems USA reported third-quarter 2025 net income of $291.6 million, or $8.25 per diluted share, up from $146.2 million, or $4.09, a year earlier, on revenue of $2.45 billion versus $1.81 billion. The company also declared a quarterly dividend of $0.60 per share, a $0.10 increase, payable November 24, 2025.
Third-quarter revenue was $2.45 billion, compared with $1.81 billion in the same quarter of 2024.
Diluted EPS was $8.25, compared with $4.09 a year earlier; operating cash flow was $553.3 million.
Backlog was $9.38 billion as of September 30, 2025, up from $8.12 billion on June 30, 2025.
Quarterly dividend of $0.60 per share is payable November 24, 2025, to holders of record on November 13, 2025.
Comfort Systems USA entered an amended and restated senior secured revolving credit facility on August 27, 2025, with Wells Fargo as administrative agent. The new facility replaces the prior facility and raises the revolving line from $850 million to $1.1 billion, with a maturity date of October 1, 2030. The filing describes the terms as customary for facilities of this type, including financial covenants and a change-of-control event of default.
Revolving line increased from $850 million under the Prior Facility to $1.1 billion
Option to increase the facility by the greater of $500 million and 1.0x Consolidated EBITDA
Facility matures October 1, 2030; proceeds at closing repaid all loans under the Prior Facility
Financial covenants include Net Leverage not exceeding 3.50 to 1.00 (4.00 to 1.00 after a material acquisition) and Interest Coverage of at least 3.00 to 1.00
Comfort Systems USA reported second-quarter 2025 net income of $230.8 million, or $6.53 per diluted share, up from $134.0 million, or $3.74 per share, a year earlier. The company also declared a quarterly dividend of $0.50 per share, up $0.05 from its most recent payout, which gives shareholders a higher cash return.
Q2 2025 revenue was $2.17 billion, compared with $1.81 billion in Q2 2024.
Backlog reached $8.12 billion as of June 30, 2025, up from $5.77 billion a year earlier.
Quarterly dividend of $0.50 per share is payable August 25, 2025, to holders of record on August 14, 2025.
Comfort Systems USA reported first-quarter 2025 net income of $169.3 million, or $4.75 per diluted share, up from $96.3 million, or $2.69, a year earlier, on revenue of $1.83 billion versus $1.54 billion. The company also raised its quarterly dividend to $0.45 per share from $0.40, payable May 27, 2025. Operating cash flow was negative $88.0 million, compared with positive $146.6 million a year earlier.
Q1 2025 diluted EPS was $4.75 versus $2.69 in Q1 2024; the tax provision included a $0.25 per share benefit from interest on a prior-year tax refund received in April 2025.
Revenue was $1.83 billion versus $1.54 billion; backlog was $6.89 billion at March 31, 2025, versus $5.91 billion a year earlier.
Operating cash outflows were $88.0 million, compared with inflows of $146.6 million in Q1 2024, which management attributed to payments to a key customer.
Quarterly dividend increased to $0.45 per share, a $0.05 increase; record date May 16, 2025 and payment date May 27, 2025.
Comfort Systems USA director Vance W. Tang notified the Board on March 19, 2025 that he will retire and resign from the Board and all committees, effective May 16, 2025. The filing describes a routine board departure for retirement and does not report a replacement or any financial results.
Director Vance W. Tang notified the Board on March 19, 2025 of his retirement.
Resignation from the Board and all committees is effective May 16, 2025.
Comfort Systems USA reported fourth-quarter 2024 net income of $145.9 million, or $4.09 per diluted share, up from $91.6 million, or $2.55, a year earlier, on revenue of $1.87 billion. For the full year, revenue rose to $7.03 billion from $5.21 billion, and the company also declared a quarterly dividend increase to $0.40 per share, which shareholders of record on March 10, 2025 will receive.
Q4 2024 net income was $145.9 million, or $4.09 per diluted share, versus $91.6 million, or $2.55, in Q4 2023.
Full-year 2024 revenue was $7.03 billion versus $5.21 billion in 2023; net income was $522.4 million, or $14.60 per diluted share, versus $9.01 in 2023.
Backlog was $5.99 billion at December 31, 2024, compared with $5.16 billion a year earlier.
Board declared a quarterly dividend of $0.40 per share, a $0.05 increase, payable March 21, 2025 to holders of record on March 10, 2025.
Comfort Systems USA reported third-quarter 2024 revenue of $1.81 billion, up from $1.38 billion a year earlier, and net income of $146.2 million, or $4.09 per diluted share, versus $105.1 million, or $2.93, in the same quarter of 2023. The board also declared a quarterly dividend of $0.35 per share, a $0.05 increase from the most recent dividend, payable November 25, 2024.
Q3 2024 revenue was $1.81 billion, compared with $1.38 billion in Q3 2023.
Q3 2024 net income was $146.2 million, or $4.09 per diluted share, compared with $105.1 million, or $2.93, a year earlier.
Backlog was $5.68 billion as of September 30, 2024, down from $5.77 billion on June 30, 2024 and up from $4.29 billion a year earlier.
Quarterly dividend of $0.35 per share is payable November 25, 2024 to holders of record on November 14, 2024.
Comfort Systems USA reported second quarter 2024 net income of $134.0 million, or $3.74 per diluted share, up from $69.5 million, or $1.93 per diluted share, a year earlier. Revenue rose to $1.81 billion from $1.30 billion, and the company also declared a quarterly dividend of $0.30 per share.
Q2 2024 revenue was $1.81 billion, compared with $1.30 billion in Q2 2023.
Backlog was $5.77 billion at June 30, 2024, down from $5.91 billion at March 31, 2024 and up from $4.19 billion a year earlier.
Operating cash flow was $189.9 million in the quarter, compared with $125.4 million in 2023.
The board declared a $0.30 per share dividend, payable August 23, 2024 to holders of record on August 12, 2024.
Comfort Systems USA said its board appointed Gaurav Kapoor, chief financial and operations officer at AECOM, as a director effective August 1, 2024, and to the Audit Committee. Kapoor will receive the same compensation as the company's other non-employee directors, and the filing discloses no financial results or guidance.
Gaurav Kapoor appointed to the board on July 16, 2024, effective August 1, 2024, and to the Audit Committee effective the same date
Non-employee director pay includes an $80,000 annual retainer and an annual stock award with a maximum grant-date value of $160,000
Kapoor is chief financial and operations officer at AECOM (NYSE:ACM), and previously served as its chief accounting officer and treasurer
Comfort Systems USA reported first-quarter 2024 net income of $96.3 million, or $2.69 per diluted share, up from $57.2 million, or $1.59 per diluted share, a year earlier, on revenue of $1,537.0 million versus $1,174.6 million. The board also declared a quarterly dividend of $0.30 per share, a $0.05 increase from the prior dividend, payable May 24, 2024.
Q1 2024 diluted EPS was $2.69, compared with $1.59 in Q1 2023
Q1 2024 revenue was $1,537.0 million, compared with $1,174.6 million in Q1 2023
Backlog was $5.91 billion as of March 31, 2024, compared with $4.44 billion a year earlier
Quarterly dividend of $0.30 per share payable May 24, 2024 to holders of record on May 13, 2024
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Comfort Systems USA filing is on SEC EDGAR ↗. 8-K briefs of other companies →