Comfort Systems USA Reports First Quarter Results; Significant Revenue and Income Improvement; Backlog Increases to Record Level.

Business WireMay 03, 2004

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Comfort Systems USA Reports First Quarter Results; Significant Revenue and Income Improvement; Backlog Increases to Record Level.

Business Editors

HOUSTON--(BUSINESS WIRE)--May 3, 2004

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 $1,043,000 or $0.03 per diluted share, for the quarter ended March 31, 2004, as compared to a net loss of $4,816,000 or $0.13 per diluted share, and a net loss from continuing operations of $4,131,000 or $0.11 per diluted share, in the first quarter of 2003. Excluding restructuring charges, the write-off of debt costs and the effect of divested units not included in discontinued operations, the ne...

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