Comfort Systems USA (FIX) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared to the prior period and was significantly higher than the same quarter a year ago. The sequential and year-over-year growth reflects ongoing business momentum.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased compared to the prior period and was significantly higher than the same quarter a year ago. The sequential and year-over-year growth reflects ongoing business momentum.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
+5.1%
Change from the immediately preceding quarter.
Year-over-year
+32.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1B | +42.6% |
| Sep 30, 2022 | $1.1B | +34.3% |
| Dec 31, 2022 | $1.1B | +30.5% |
| Mar 31, 2023 | $1.2B | +32.7% |
Revenue performance
Revenue grew sequentially from the preceding quarter and posted a strong gain compared to the prior-year quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose. Versus the same quarter one year earlier, revenue was substantially higher.
What to watch
Working capital dynamics, particularly retention receivables tied to project completion, are worth monitoring as they affect cash conversion.