Comfort Systems USA (FIX) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth reflects continued strong demand for the company's services.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth reflects continued strong demand for the company's services.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.3B
Revenue reported for this quarter.
Quarter-over-quarter
+10.4%
Change from the immediately preceding quarter.
Year-over-year
+27.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.7B
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 |
|---|---|---|
| Sep 30, 2022 | $1.1B | +34.3% |
| Dec 31, 2022 | $1.1B | +30.5% |
| Mar 31, 2023 | $1.2B | +32.7% |
| Jun 30, 2023 | $1.3B | +27.4% |
Revenue performance
Revenue reached a new high for the trailing twelve months, supported by robust year-over-year and sequential gains.
Quarterly comparison
Sequentially, revenue rose from the first quarter level, and on a year-over-year basis, it was significantly higher than the same period last year.
What to watch
The increase in billed accounts receivable since year-end may deserve attention as revenue continues to grow.