Comfort Systems USA, Inc. (NYSE:FIX) shares rose in premarket trading Friday after the company reported first-quarter results that topped Wall Street expectations and increased its quarterly dividend.
The company posted earnings of $10.51 per share, beating the consensus estimate of $6.78. Revenue came in at $2.865 billion, ahead of the $2.384 billion estimate.
Gross profit margin expanded to 26.3% from 22.0% a year earlier. As of March 31, backlog stood at $12.45 billion. Cash and cash equivalents totaled $1.05 billion at quarter-end.
The board declared a quarterly dividend of 80 cents per share, up 10 cents from the prior payout. The dividend is payable May 26, 2026, to shareholders of record as of May 15, 2026.
Chief Executive …