Comfort Systems USA's stock surged 6.54% in after-hours trading on Thursday, following the release of its first-quarter fiscal 2026 financial results.
The HVAC contractor reported quarterly adjusted earnings of $10.51 per share, significantly beating the analyst consensus estimate of $6.80. Revenue rose 56.5% year-over-year to $2.87 billion, surpassing expectations of $2.38 billion. Net income more than doubled to $370.4 million, far exceeding estimates of $241.5 million, driven by 51% organic revenue growth.
In a separate announcement, the company increased its quarterly dividend by $0.10 to $0.80 per share, payable in late May. CEO Brian Lane cited robust ongoing demand and strong pipelines for the next several quarters, with the company's backlog increasing to $12.45 billion, reflecting continued market strength.
Comments