Comfort Systems Announces 2002 Earnings Loss

Comfort Systems USA reported a net loss of $209 million or $5.45 per diluted share, compared to a net income of $13 million in 2001. These results include charges for a new accounting standard and the sale of 19 units to EMCOR Group in March. Excluding these items, 2002 income from continuing operations was $5.5 million or 14 cents per diluted share and revenues were $819.3 million, down from $882.9 in 2001.

In other news, the company announced that Norm Chambers, who became president of Comfort Systems last fall, will take on additional responsibilities as chief operating officer. Former COO Dave Lanphar is now the vice president of the West/Mountain region, the company's largest region. The company also appointed Milburn Honeycutt as senior vice president of operations administration, Charles Diltz as senior vice president of national accounts, and Hobart Pillsbury as chief information officer.

Did you enjoy this article? Click here to subscribe to Plumbing & Mechanical. 

You must login or register in order to post a comment.



Image Galleries

2014 Truck of the Month

PM has featured so many great plumbing service trucks! See plenty of them here in our Truck Of The Month Archives page. Are you proud of your truck? Go to our Truck of the Month page to find out how your service truck could be chosen!

5/28/15 2:00 pm EDT

Efficient Variable Speed Pump Selection & Control

This webinar will help to answer questions like: "How many pumps should our system use?" and "How should we sequence (stage) on additional pumps?"

Where do you look for new employees?

Where do you look for new employees?
View Results Poll Archive

The Plumbing and Mechanical Store

2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Connect to PM on Facebook Connect to PM on Twitter  Watch PM on YouTube    Connect to PM on Linked InGoogle+

Truck of the Month

Truck of the month

Are you proud of how your service truck looks? Do the graphics give people whiplash as they drive by? Have your calls increased because people remember your truck — and your company name? If so, we’d like to see it, too! Click here to find out how your service truck could be chosen as PM's Truck of the Month.