Comfort Systems USA Q2 FY2026 Earnings Call
With Bill George (CFO), Trent McKenna (President), Brian Lane (CEO) and 1 more.
Comfort Systems USA | Quality People. Building Solutions. Comfort Systems USA is a leading national provider of mechanical, electrical, and plumbing (MEP) contracting services.
More about Comfort Systems USA
From HVAC installation and service to plumbing, electrical, building automation, and energy solutions, we deliver innovative, reliable, and sustainable systems for commercial, industrial, and institutional clients across the country. By combining the strength of a national organization with the expertise of local companies, we provide tailored solutions and trusted service in every community we serve. Our people are our greatest strength — dedicated professionals who bring technical skill, safety, and customer commitment to every project. At Comfort Systems USA, we’re more than contractors — we’re partners in building environments where businesses, institutions, and communities thrive. Comfort Systems USA — Quality People. Building Solutions.
1Prepared remarks4 speakers
Thanks, Jonathan. Good morning. Welcome to Comfort Systems USA's second quarter 2026 earnings call. Our comments today, as well as our press releases, contain forward-looking statements within the meaning of the applicable security laws and regulations. What we will say today is based upon the current plans and expectations of Comfort Systems USA. Those plans and expectations include risks and uncertainties that might cause actual future activities and results of operations to be materially different from those…
Okay. Thanks, Julie. Good morning, and thank you for joining us on the call today. We had a fantastic quarter with amazing execution by our teams. This is the first time that our quarterly revenue has exceeded $3 billion. We earned $12.53 per share this quarter, which is an increase of 92% compared to a year ago. Our mechanical business experienced a sharp increase in profitability, and our electrical segment also performed exceptionally well. Bookings continued to trend upwards, and our backlog increased to a new…
Thanks, Brian. Our results were once again extraordinary, with 44% same-store revenue growth, approximately $1 billion in free cash flow. EBITDA that was higher than last year by 80%. Revenue for the second quarter of 2026 was $3.3 billion, an increase of $1.1 billion compared to last year. Electrical segment revenue grew by 81%, while mechanical segment revenue increased by 40%. Through six months, same-store revenue has grown 47%. We estimate that 2026 same-store revenue growth will likely finish with a…
Thanks, Bill. I'm going to discuss our operations and our outlook. Our backlog at the end of the second quarter was a record $14.1 billion, a large sequential and year-over-year increase. Since this time last year, our backlog has increased by $5.9 billion or 73%, and $5.6 billion of the increase was same-store. On a sequential basis, backlog increased by $1.6 billion or 13%, of which $1.4 billion was same-store. Second quarter bookings were especially strong in the technology sector, both in our construction…