FIX Earnings Prediction
The chart below shows how FIX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FIX sees a +1.24% change in stock price 10 days leading up to the earnings, and a +10.79% change 10 days following the report. On the earnings day itself, the stock moves by -0.19%. This data can give you a slight idea of what to expect for the next quarter's release.
FIX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.87B
37.58%
3.06%
Gross Margin
23.22%
12.72%
10.26%
Operating Margin
12.11%
37.46%
8.90%
Net Margin
7.81%
15.70%
-3.22%
EPS
4.09
60.39%
0.00%
No Data Available
FIX Earnings Analysis
Comfort Systems USA Inc Corporation (FIX.N) Earnings Conference Call
Positive
Earnings Per Share Surge: Record annual and fourth quarter earnings reported, with a 60% increase in earnings per share to $4.09 compared to last year.
Quarterly Revenue Surge: Fourth quarter same store revenue growth of 22%, with full year revenue increasing by 35% to $7 billion.
Record High Backlog: Backlog reached an all-time high of $6 billion, with strong demand across various sectors, particularly technology.
Strong Operating Cash Flow: Operating cash flow for 2024 was $849 million, indicating strong underlying trends in execution and customer relationships.
Gross Profit Increase: Gross profit for the fourth quarter increased by $154 million year-over-year, with gross profit margins improving to 23.2%.
Fourth Quarter Operating Income Surge: Operating income for the fourth quarter increased by 88% to $226 million, reflecting strong gross profit margins and favorable SG&A leverage.
Strong Free Cash Flow: Full year free cash flow was $1.176 billion, significantly exceeding earnings, showcasing effective cash collection.
Dividend Increase Announcement: A quarterly dividend increase of five cents to forty cents per share was announced, reflecting strong cash flow and commitment to shareholders.
Revenue Contribution from Acquisition: Acquisition of Century Contract expected to generate approximately $90 million in revenue this year, contributing to growth.
Record Service Revenue: Service revenue achieved a record $1.1 billion in 2024, continuing to be a reliable source of profit and cash flow.
Negative
Operating Cash Flow Analysis: Operating cash flow for 2024 was $849 million, which is strong but may not be sustainable in the long term due to potential market fluctuations.
Revenue Growth Slowdown: The company anticipates facing tough comparables in 2025, estimating that same store revenue growth will likely be in the high single-digit percentage range, indicating a slowdown from previous growth rates.
Backlog Growth Analysis: The increase in backlog is positive, but it is important to note that the backlog growth of $800 million (16%) year-over-year may not be indicative of future performance if market conditions change.
Tax Payment Deferral Impact: The company had a significant tax payment deferral of approximately $80 million due to Hurricane Barrel, which has now been paid and will reduce cash flow in the first quarter of 2025.
Gross Profit Margin Challenges: While gross profit margins improved, the company is still facing challenges in maintaining these margins in the face of rising costs and competitive pressures in the industry.
FIX FAQs
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FIX Earning Call Sentiment
Comfort Systems USA, Inc. (NYSE:FIX) Q4 2024 Earnings Call Transcript
FIX.N
-2.58%Positive
The earnings report shows strong financial performance with record earnings, increased dividends, and robust backlog growth. The Q&A reveals confidence in sustaining margins and growth in modular construction, despite some regulatory and competitive risks. The share repurchase program and increased dividend further support a positive outlook. The overall sentiment is positive, with potential for stock price appreciation in the short term.
