Comfort Systems USA Inc. announced a net loss of $3.6 million.
Comfort Systems USA Inc. announced revenues for this year's third quarter at $423.9 million as compared with $374.8 million in the same quarter of 1999. The company reported a net loss of $3.6 million as compared to a net income of $12.8 million in 1999.
According to Comfort System's Bill Murdy, CEO, the company is continuing its extensive review and restructuring of its operations and activities that began in the second quarter. He reported that two of the company's larger operations turned in disappointing results due to execution shortfalls.