Comfort Systems USA Reports Third Quarter Results; Significant Increase in Backlog to Another Record - Higher Quarterly Earnings.
Business Wire › November 02, 2004
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Comfort Systems USA Reports Third Quarter Results; Significant Increase in Backlog to Another Record - Higher Quarterly Earnings.
HOUSTON -- Comfort Systems USA Inc. (NYSE:FIX), a leading provider of commercial, industrial and institutional heating, ventilation and air conditioning ("HVAC") services, today announced net income of $3,490,000 or $0.09 per diluted share, for the quarter ended Sept. 30, 2004, as compared to net income of $175,000 or $0.00 per diluted share, in the third quarter of 2003. Prior year earnings included charges related to both discontinued operations and restructuring. Income from continuing operations for the third quarter of 2003 was $2,595,000 or $0.07 per diluted share. Current quarter income reflects a 34.5% gain over this amount. Excluding restructuring charges and the effect of divested units not reported as discontinued operations, net income from ongoing operations for the third quarter of 2003 was $3,220,000 or $0.08 per diluted share. Current quarter income reflects an increase of 8.4% over this amount.
The Company reported revenues from continuing operations of $211,530,000 in the current quarter, an increase of 1.8% as comp...See the full content of this document
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