By Freddy Sebastian
Comfort Systems USA posted a surge in third-quarter earnings, buoyed by favorable developments in late-stage projects.
Shares of the company, which provides ventilation and electrical services, jumped 16.4% $825 in after-hours trading Thursday.
Comfort Systems had a third-quarter profit of $291.6 million, or $8.25 a share, up from $146.2 million, or $4.09 a share, a year earlier. Analysts polled by FactSet estimated earnings of $6.29 a share.
Meanwhile, revenue climbed to $2.45 billion from $1.81 billion in the year-earlier period. Analysts expected $2.16 billion in revenue.
Operating cash flow rose to $553.3 million for the three months ended Sept. 30, up from $302.2 million last year.
"Unprecedented demand for our services drove additional backlog growth, and, despite significant third quarter burn we achieved a second consecutive same-store backlog increase of more than $1 billion," CEO Brian Lane said.
The company also raised its quarterly dividend to 60 cents a share from 50 cents, payable Nov. 24 to shareholders of record Nov. 13.
Write to Freddy Sebastian at freddy.sebastian@wsj.com
(END) Dow Jones Newswires
October 23, 2025 17:08 ET (21:08 GMT)
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