Comfort Systems USA, Inc. gained $83.33 Monday, a 7.18% increase, as quarterly results showed a jump in earnings and a larger backlog at the U.S. building-services contractor.
Monday's advance lifted the share price to $1,244.19, a rise of $83.33. The declines on Oct. 22 and Oct. 23 were 8.70% and 9.26%, respectively.
Revenue for the quarter ended Sept. 30 totaled $3.77 billion, up from $2.45 billion in the year-earlier quarter. Net income was $489 million, compared with $291.6 million. The figures appeared in the company's Oct. 22 earnings release, included as Exhibit 99.1 in its Form 8-K filing with the U.S. Securities and Exchange Commission. EconoTimes previously covered the quarterly results.
Backlog was $9.38 billion a year earlier, $14.06 billion on June 30 and $17.81 billion on Sept. 30. Comfort Systems handles building-systems projects for commercial, industrial and institutional clients.
