Comfort Systems (FIX) Q3 2026 Earnings Call Transcript

Comfort Systems (FIX) reported Q3 2026 results showing strong momentum across its technology and industrial end markets. Revenue rose 54% year over year to $3.77 billion, with diluted EPS of $13.91 up from $8.25. The company said backlog reached $17.81 billion, up 90% year over year, marking eight straight sequential increases. Operating cash flow was $1.01 billion and free cash flow $805.6 million. Operating income totaled $624.6 million (16.6% margin). Technology revenue was 59% of total, while mechanical grew 43%. Electrical gross margin fell to 24.3%. FIX added Lewis Electrical and Neopod (Aug. 1, 2026) and reiterated 2026 capex of 4%–5% of revenue.