Comfort Systems Reports Earnings Increase For Second Quarter
Comfort Systems USA announced second-quarter 2002 net income from continuing operations of $5.20 million compared to 2001 second-quarter income of $1.22 million.
Comfort Systems USA announced second-quarter 2002 net income from continuing operations of $5.20 million, or 13 cents per diluted share, compared to 2001 second-quarter income of $1.22 million, or 3 cents per diluted share. Revenues for the quarter were $211.90 million, compared to $227.67 in 2001.
“We posted a strong recovery in our results during the second quarter despite continuing sluggishness in the economy and in our industry,” said Bill Murdy, Comfort Systems’ chairman and CEO. “We resumed a very healthy level of free cash flow during the quarter and have reduced our debt to its lowest level since shortly after we went public five years ago.”