Comfort Systems USA Q1 diluted EPS rises to $4.75 on $1.83 billion revenue
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 24, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.