Comfort Systems USA (FIX) Revenue — Quarter Ended Mar 31, 2024
Comfort Systems USA reported higher revenue for the quarter, with growth on both a sequential and year-over-year basis.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Comfort Systems USA reported higher revenue for the quarter, with growth on both a sequential and year-over-year basis.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
+13.2%
Change from the immediately preceding quarter.
Year-over-year
+30.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.6B
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, 2023 | $1.3B | +27.4% |
| Sep 30, 2023 | $1.4B | +23.0% |
| Dec 31, 2023 | $1.4B | +21.5% |
| Mar 31, 2024 | $1.5B | +30.8% |
Revenue performance
Revenue increased compared to the preceding quarter and the same quarter last year. Operating cash flow also improved, and total assets expanded, partly driven by higher goodwill and intangible assets.
Quarterly comparison
Sequentially, revenue was higher than the prior quarter. Year over year, revenue exceeded the level of the corresponding quarter in the previous year.
What to watch
The rise in goodwill and intangible assets is a notable change in the balance sheet composition that may warrant attention.