FIX - Earnings call transcript Q1 2024 | Comfort Systems USA, Inc.

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Operator

Good day, and thank you for standing by. And welcome to the Q1 2024 Comfort Systems USA Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Julie Shaeff, Chief Accounting Officer. Please go ahead.

Julie Shaeff

Thanks, Justin. morning. Good Systems XXXX Comfort Call. First USA's to Earnings Quarter Welcome

press well forward-looking the Our regulation. as our applicable releases laws of comments today meaning as contain the statements securities within

plans is plans to Those expectations be our those future include that from on today activities Systems uncertainties and say set and materially our cause will of Comfort different we the What comments. forth operations current might and risks and expectations USA. of based in actual results

and well commentary our covering listing our our You specific XX-K in can detailed read release factors concerning most and risk a press earnings. these Form as Form recent XX-Q as in

website as presentation at slide has the comfortsystemsusa.com. section on A to company's our Relations a is been found posted remarks. This provided Investor presentation the companion of

are our President Chief call Chief Officer; Joining and Officer; Chief open the George, and Trent Bill me will remarks. on Brian Brian Lane, McKenna, Operating Officer. today Financial Executive

Brian Lane

Good the morning, and Julie. fantastic for XXXX flow. strong you continuing an start, margins thank to today. and revenue, strong off with call Thanks, outstanding cash us on everyone, joining is

teams to across ago. am earned hard per execution, We and quarter and country grateful year for Our dedicated their achieved deeply work this share $X.XX $X.XX commitment. the a compared superb I

$X.X was with revenue billion XX%. of Our same-store growth

strong year-over-year performing amid Our mechanical thrive on our both year, at and basis. is up continues high last electrical while to sequentially segment business and Backlog a exceeded demand billion, achieved unprecedented service levels. $X.X margin. Construction ongoing same-store is

companies are start. J they, closed our Summit and S & Mechanical Both are off substantial mechanical in a too, acquisitions, segment. to we February, included great X of these In and Industrial

to reward $X.XX call in This I shareholders. by I will this discuss increased to over to business minutes. Bill? turn Bill $X.XX reflects continuing per our our will commitment But a financial and our review our performance. also adding XX% cash flow strong to few and first, We our outlook share. our increase dividend reach

William George

are I day my create Thanks, amazing but who these working every also the people Brian. express to help can't gratitude to results.

the revenue was that noted, So Same-store XX% $XXX last resulting for $XXX $XX to million, from by year. of increase the or is as compared XX% million remaining Revenue quarter billion, Brian increased $X.X or of an and with first increase million acquisitions. XXXX

by mechanical increasing have increased in performed experience we warmer Our much and revenue this segment did XX% in electrical XX%. our as past not increased revenue proportion our climates. being the is segment seasonality We quarter by an first work of as as in

quarter under modular favorable in colder our was inside growth work is and our weather climates construction roof strong being for in plans. Additionally, our performed more this with modular, the of

year We results for are also comparable facing tougher of the year. this prior remainder

in and revenue will Gross was estimate However, to increases our we percentage more same-store for $XX is $XXX best the least the in a achieve for the mid-teens improvement compared a quarter full million of high year. profit first XXXX, million teens year likely ago. that at the

XXXX. XX.X% improved the of percentage this to XX.X% quarter to first profit for gross compared quarter Our

compared the The to quarter percentage in last profit as year quarterly XXXX. this XX.X% Margins to XX.X% year. electrical to our compared our increased quarter the segment as to gross XX.X% in also mechanical improved of in segment in XX.X% first

improved operates quarter by from first the Our $XX million lower an our over markedly quarter modular $XXX strong at margins which XXXX. Same-store already business, mechanical this than includes business. EBITDA XX%. million segment EBITDA to our of remaining increased in

million the million and $XXX that also light continue be the factors revenue earlier, from in in the benefited for XXXX remain XX.X% of of XXXX. strong effect was our compared to several quarter in variable quarters amortization XXXX EBITDA SG&A quarter exceed higher trends to XXXX, and will our in that favorable quarter On investments $XXX or high was percentage year first margin ranges the gross full I certain XX.X% to support EBITDA higher strong, more but of match expense spend the margins that purchase-related we revenue margin to a we may Although achieved of have first will strong, and are basis, underlying of the our mentioned should for optimistic or adjustments. expect the levels. margins or trend activity we ongoing due over million same-store SG&A in last XXXX $XX are results. Gross

XXXX first to the operating X.X% profit Our $XXX SG&A in XX% of X.X% by and income this the quarter the margins, million With from of to million operating increased $XX gross from favorable XXXX. year. quarter leverage, prior first quarter in income increased percentage for year our from last improved

of the acquisition; Changes have performance always value periods quarter acquisitions. at the the an opportunities caused were recent was by of included million, our that of over and much early by consideration quarters in this obligations significant earlier, in the earnout by We the our it purchase-related however, contingent the will likely and income Summit because J fair triggered they the transactions. was size several our that S & and strong be next larger reduced $XX adjustments following in noted acquisition those and variability

was $XX compares the share. to these currently first will Our the the $X.XX be estimate first year or per tax of for to XXXX This share. that tax After net range. of likely XXXX $XX was XXXX million factors, rate We rate the considering income million or $X.XX per quarter of quarter first quarter XX% XX% in XX.X%. full income net for all

first million. of cash $XXX the for XXXX flow was quarter Free

from about operating benefit and trailing quarters. fund cash our in work advanced continues basis. for earnings we will complete to upcoming payments XX-month exceed And $XXX continue a that on We to flow million by

in current while us and interest that Over the and cash flows, have eventually growth invest costs. the expect acquisitions collections will advances creating to some In from coming flow equipment pre-bookings lowering these normalize, quarters, we fund headwind. meantime, allowed cash

of for J and debt, million $XX XX, debt & Our large in that S funded with March acquisitions our Summit as from and was banks, the XXXX, cash February. total was despite no payments

As our increased dividend. Brian noted, also we

mention Before I returned flag And results, want to a us. for $XX I to Texas jury Last verdict for verdict to because one item, wanted directly jury X about night, incident. of relating not relevant pencils additional that awareness. our XXXX subsidiaries but at safety to million. financial jury our a out million which close, over is The $XX to was that I

to by on all us strong are not appeals Brian. I jury's this an financially. entered of the Assuming judge, Even is unsuccessful, have if have, impact will That's appeals. the event a is expected number verdict pursue we this

Brian Lane

Thanks, right. our business Bill. and All outlook. I'm going discuss to

Since new the Our billion was same-store growth, companies was acquired. and last was our end half increased first by record $X.X we $X.X year, a quarter backlog XX%. other at billion. backlog that or the And about backlog has of half increase the of from

Our by acquisitions. $XXX $XXX to sequential backlog increased million, million of which related

remain same-store by million backlog pipelines and Our strong. increased sequential $XXX

mix its and revenue chip data continues to to battery science Our centers, trend fabrication, food. plants, life

government, our in and drivers from they and of for included first year. industrial, education, major is Industrial Institutional quarter of prior the and are XX% health customers increase XX% revenue also are XX% in represent XX% Technology, in revenue, include backlog. our which strong markets, of pipeline was total of revenue. care the substantial and which a accounted

that about the service active it a for but reasonably customers. of -- at is commercial majority our remains sector now in smaller our commercial serve, of revenue. part The regions revenue The we part is business XX% of

results overall revenue our of drove great become construction share grew the So Construction commercial quarter. from relatively us for this small. quickly and has

accounted building even this and with in the our with building increased construction. revenue quarter, increase service construction In but modular modular, growth service of projects of quarter, because by XX% representing construction buildings of to new Overall, existing We Service of total new the XX%. our and include XX% with fell XX% revenue. construction, revenue revenue. revenue for this XX%

for delivering thriving, seasonal, Thanks XXXX. we exceptional and excellence cash of members USA to we light remains Comfort in are their in achieve demand, great results. ongoing team across our strong will optimistic source continue the to Systems the profit which Service, be to strong us. are country of results continues flow a and and is that

innovation success. our our believe to We operations. our and commitment execution of that foundation at and employees to of our remain the the forefront building Safety, legacies is

preserve to is priority workforce in grow #X the industry. our and Our best

close always, to so And hard I as and our I want their thank by work thanking to employees dedication. for XX,XXX -- want all

back to it for over Justin now will questions. turn I

Operator

our And KeyBanc Markets. Capital Instructions] comes Dwyer from first [Operator Alex from question

Alexander Dwyer

start year. on the Congrats to strong a

something the just year So for was continues expansion the the EBITDA guide potential this you talk the just very Or year? last to progress quarter, performance year. there the and for year? the back margin in strong through over the of we this call rest Is get for as in about the it similar margin Can comps like that that half? this recent tougher isn't sustainable is

Brian Lane

and Brian. first I Well, pleased this I'll is now. we're the margins then have that Bill we up. with mean can go really follow right

margin, XX% in range, XX% XX% I you're a you're at executing to quarter. high over If that gross the for think level

throughout to going continue that in be think I the So range to we're year.

companies. We'll across have broad-based excellent operating our performance

mean, down we our So just been might general, or but up a have has performance I little go, in fluctuation as excellent.

William George

year hit growth anticipating little progressively we're expecting -- second and I will year our and up stay had a and margins can out, We the year pointed tough the our we amazing near to year, and we're Yes. the in Like increases we EBITDA this very of right? comments, noted you the optimistic for as the have, say, in in especially we right? full year, comparables, we results really year. as recent last do half opening extraordinary later definitely throughout last better. some the

things and tougher the was, So an much even first is so like one better in extraordinary seemed later last that the we're comparables. quarter, facing got the just you're it quarter year of year, though, seeing it

We're that extremely optimistic, but comparables, tough they that's and we're giving why guidance. are

Alexander Dwyer

And very about quarter. any modular orders it's sequentially this that like there? Can organic to do you fair the And year? end larger was there backlog can And assume you to through strong was then like what this in increase drove markets think continue talk growth backlog strength? if

Brian Lane

see it's us about particularly strong terms you're backlog, get hospitals. the We to the segment. university multi-sectors, the see education, in reassuring if any really talking particular care, It's manufacturing, health to tech here surge and broad-based. and mean, didn't outpatient in at of I sector, level one

the board. So we're across seeing balance good

William George

for except we And big. really not Historically, as see would some revenues coming the the at we've can't get right? far to the point what me into -- happen the in especially summer as as some actually middle declines sequential of in always You lately. year surprise might get quarters, declines, the sequential and I had

I've -- after I So be it but fair, surprise several last to I haven't said, been me, the surprised like been wouldn't quarters. for quarter quarter

and demand demand The is work. services turning never at But There's you can more work. for unmatched. much only are away so our guys some take been point, our

levels, should say, And you up so not at stay I yes, I will really sequential for think see think, happened. compare, that's extremely but be you'll historically backlog every don't what high sure,

Alexander Dwyer

one large? Summit And then appetite a the this And to off deals into talk your more for you The integration can of there me. the Is about for are strong year? J and different these given year. so acquisitions business, through last are about start the anything then & them S

Brian Lane

of the workforce, bit a both sophisticated the bit horsepower requirements. start little on to in company integration. great get in is outlies, have you back you excellent I'll one very companies, the just public handle little advantage a outlies more leadership. are office The that These of

to a attitude make as we're this them But a which -- got huge great So help. possible. themselves, plus as closely is working smooth they pretty with integrate

So great to far, a start. off

William George

thing do couldn't We great company going to keep -- us, integration what's keep in and biggest it for integration, I is Yes, the and continuing. it keep more. about that the local a agree try we excellence

That not since things. makes a so that's we an have to we're little change trying And easier. integration advantage

Operator

question next from Thalhimer Davis. our from And Thompson Adam comes

Adam Thalhimer

just and timing the those of seeing Summit specifically plants kind I kind so what wanted you're from chip to on of see stick far, projects? of

William George

it's -- great right country They do -- have That's have ahead. to do them. these But going they work perfect very needs now, have want great to we also that fab, prospects. big excited work can on hard guys buy speed a the They why now. so big and the we were solar right and full

Brian Lane

Yes.

skill Adam, know, set, You their lot of in pharmaceutics, in of they're at looking terms et opportunities a cetera.

feels replicable of this a So to bunch industries. whole

Adam Thalhimer

start you growth into have markets? as Okay. What kind of do capacity getting they potential more

William George

don't their we their well. in to which do I really But push that's grow push workforce company, a and grow them we grow. we really, arms to when would to story. So around a growth case. push almost to us, leads them for buy say to growth put their We them basically every workforce, Well, not

we think will an just almost your I it's us, grow to they like over buy, keep for workforce busy. any company excellence But time. story

Adam Thalhimer

And still ago? of wanted think to contractor was ask it you a then specialty year are And as as capacity. or it tight I further work booking kind about you -- X do Is still out? now

Brian Lane

from to outstanding Yes. sure, work. like still but side. people to But package, We very tight. Adam, fortunate some within. it We're a it's on is place We promote been some still good resource attracting great offer the the to great opportunity we're for We've human compensation develop. to tight. recruit talent, in

for So I work, like working have we while. good be a struggle think But a here. that people will

optimistic about the very I'm future. So

Adam Thalhimer

And quick we right. do acquisitions part you a just for Bill, of QX thing. What for had only in modeling D&A the All QX? have since

William George

So of we had X guys. those months

I table think we where it's think if tell look going you the exactly put you -- in -- what I'm Well, have to footnotes, it's on be. actually we we a exactly. we

actual So get you numbers one just the can the of footnotes. go from

Adam Thalhimer

lazy. I was being

William George

Yes. that they myself. saw I publish to after do quarter we But it we've we're at It's only but that look -- -- because charges, that guys. Well, have those right? once because -- only go too reduced lazy I to big. it of it that, you every certainly months you're those earnings our published noncash And X an right? so the acquisition Like -- publish have it's we we required really schedule was pop, year, that crazy they're a by been

that's they asset we is so to People doing, the but know what is do. GAAP, GAAP what want own and

Operator

from next Josh Our UBS. question from comes Chan

Joshua Chan

on you're projects putting the environment before bidding And about really that backlog, Congrats pricing you potential those a talk there? changing good on anything are quarter. even for is Could how bids together? that

Brian Lane

Yes.

hit our very terms very great work still sure. of reasonable is in of the We the that for in So chase today. for to still the process. still opportunities in new opportunities that the sectors fo acquisition good preorder, and consistent really us the very opportunity chase work floor, still But it's the don't Pricing the it's good terms It's be robust, selective pipeline -- a we're I broad-based. revenue, at. on operations customers, are

William George

No letup.

Brian Lane

No letup.

Joshua Chan

on might modular about are Okay. your update talk terms capacity of That's any data great side, the thinking just you on to to kind center you expand hear. conversations in be your when like And data And how your again? then with customers? of could center able

William George

These are big organizations.

part capacity the job get to with talking organization of people you're right? parts the purchase price. to not You're you're to how who need also So is whose lowest partner it things talking just try us. one talking and the the to desperately to who to understand And to organization, of the and

all that for to paths things just -- a the work but do don't changed. people are are that we -- what reciprocate And mindset. do great And anything best we that, who for I if be they is has try people. I and value Essentially, as market in best really say our our would partner get know expected. we to

people we they They're want it looking So in traditional love they up. hiring to do, the for just so love them I built just think that build they're to who help our this that do way. the great need and do is to stuff demand modularly. who getting partner people contractors can what that for who

Brian Lane

George, bit on the little a to I'll add just opportunities.

including about we strengths it's larger few give when of colleagues you business of both the labor, our a company these the advantage and do resource basis, with. really have, of is size that an think we're geographic from we One Comfort to some that is financially spread opportunity opportunities of and a handle suppliers, the country a of have can our good and share our us

really helping right is size us. our now So

William George

size use don't And to people. use a -- against it we that partner people. we to try to Not be

Brian Lane

Right.

Joshua Chan

some year whether this Any could you later year? at or on time into thoughts expand next capacity

William George

would we not So that are I that, talking but modular, that plans are if evaluating. currently is about we say you're around, something making

Joshua Chan

Okay. All right. And then just modeling a question.

you was quarter. margins EBITDA of So QX? whether I thoughts just mentioned about QX a can Bill, usually expansion go to see up into the but QX, from next your you I typical lack know, sequential margin in seasonality the wondering

William George

Yes.

But from never to quarter. go have So quarter second amounts. up EBITDA by typically margins been highs the first first do the quarter all-time extraordinary

So -- in in have sequential us to the start we're for time they quarter. high first are only uptick going margins, because to it's insecure going how very saying a it's of to

comfortable talking better this adjust is where -- about year that EBITDA brain. right? in this need basis. to on year, more quarter I'm a to XX% We doing a last our than same-store up our was quarter But X

Brian Lane

happy We stick we'll around the folks. margins, be

Operator

question next & Sidoti our Romero Julio And Company. from comes from

Julio Romero

Can construction? as trending you're seeing margins grow? Are you leverage And they seeing are that business the any talk to in about fixed continues cost maybe modular upward? you

Brian Lane

job back the of lot field, sure, run it, the to but we folks work and into which multiple really there's you, reasons we're customers. every always this are [indiscernible] [indiscernible] executing But out margins grateful I day doing. year, -- of to for go construction tell level, they're selection For current that very at to the a got high with half me the for the has in very jobs is increased good good this year these

the we're to And it's a that me, execution getting. about up. are mines So of lot

Julio Romero

Got it.

that that kind cost I'm execution. curious any leverage see there there's of fixed you great as just grows. Now if

William George

to from our way like would up sales. definitely in fast the from say I saw -- obviously office revenue XX.X% as XX.X%. seems as our all is, making dropped accommodate you increasing SG&A our that. growth it of investments But with to sorts certainly we back go are it SG&A can't every Well,

course don't over the think year. SG&A the So I see of of you'll leverage worse rest this

we Now we the mid-teens in of sort increase, means going quarter, that revenue to in in increases. the this some. high and the down be likely you tell revenue XXs and we're were more average teens in to going it's If

so right? get even going guess, just -- see you're year-over-year, don't important into would say don't ton as I I I sequentially, think leverage of far leverage. will as But to the what we're I So comes you'd additional hope math we think know a is that's leverage And doing. but maybe I additional see a part you don't followed that. it down -- how year-over-year the and

think I answer. wasn't that clear very I in

Julio Romero

No, commentary. best your what's flow as when to some a see that cash is of good was guess reversal expected? And this you

William George

show of that say poor we're did history sense I'd at right keeps in which is flatten XXXX. some Last presentation. this investor had it later. quarter, There -- going our we in it flow Well, point. keeps a in slide we is it our more we so while that we happening because getting late because probably had waiting year our million cash a had earned to showed in earned, a had $XXX you slide than that presentation investor

flow You're than we earned will by at we a the quarter of $XXX basis, cash to XX-month on the going have more million, thing. the see here's that have trailing end first

down at didn't It businesses inherit right? especially some up, go our didn't cash we our advanced but acquisition, million we get $XXX in the Summit. didn't go from So did same-store

didn't farther we our get in same-store out. But businesses,

I of big it is it. and that some in So when getting that, happens And before a of that we're advanced -- certainly quarter the quarter, money earnings much first more said been first lot to first earning cash. getting stopped so more cash signs quarters, you a it's the looked it. why the cash the so start give you in at stop there that Having we were flow I our think of thing big was -- past of back, still flow in

a just giving was earnings of back it lot and not quarter, advanced This cash.

sooner And signs of do if is to a welding electrical pays later, out and as electrical them. it the you or do literally to, has flattening -- pay electricians, got there welders the that welding If you work. work, So you you're to somebody and and bunch the right? going go of to

in to our amount than have problem them. earnings to the like to be fantastic not cash at was earnings. our our the But will high-class And less a by than point a will going it that really pay it look a some at because a It's problem. You're point problem it's flow more problem. future, have, some

Operator

D.A. And from comes question Thielman our next Davidson. from Brent

Brent Thielman

this margin margins, in step what much mean you're more more sorry. you or is performance have I'm for or I look do you quarter, you because of at guess where going a just about you productive the -- generally to ask I projects the that more just field? perfect getting the paid take mix you're that back, paid get

Brian Lane

on an I all you the can we But and a higher would is more of times and prefabrication of the every prefabrication, that can this Brent more work X. is we're the work safer, the of how we're in doing the and in the sort version from different control inside more doing of basis day. field, say field the building everyday lot quality really heard [indiscernible] do [indiscernible] productive, thing we

in -- on minimize service. So are including job a talking did all it's doing service X really well for sites, construction. we sure, folks a of execution lot at about But how a are a but a basis per we as our but job hell combination of cannot -- person well. we We're these

William George

This that's years good margins gain had our ability that like the what And us had the like and to quarter. everything X.X keep we extraordinary about they're that, an can go that allowing where they're out other do electrical basis value popped a amazing XXX the have can to And happen quarter. job. of really mention the the needed was we ago we jobs, a we mixture manpower to and points reward And doing so bring this great is got that. customers people really you because by thing big to in that electrical, to just was something our business a doing

a really is blip? to amazing long quarter. And runway electrical I I you I So it's at bet And say, well. might is, they're onetime wouldn't pretty that against answer mind this just the think of but to got stay a they doing can going blowing, is mean well, -- hard they percentage, them. ahead of them

Brent Thielman

bit reasons last sides. years. your why to to But weather we repeat just in evolved trying heard I both tough Okay. year just perfect you know XX a should be kind and for the have And I'm of looking when of [indiscernible] back, comment the don't mix storm guys that had of careful And first year the EBITDA below the the the margins ever this think has I unpack rest quite in company the is quarter. a were I thinking

William George

quarter. -- EBITDA -- a say, a first these in we are And what's They baseline." same-store basis are pretty to happen, are quarter. So that I to the It's there's there's we happen one understand. have don't I reason Right? our that hard for XX% our yes, up and "Oh know first extraordinary. -- see new going margins on was but

can, We'll But as ages. about of means. we'll to we're the from tough our prior If margins figure were for you then about Yes, a out we comparable. make I I comparable for it's tough future? we do we've was it. that comparables hit first basis, go year, think to and what in got as on quarter much money do. our the a money. a Now make extraordinary But lot can comparable

Brent Thielman

I got an idea.

to come available mean are at XXXX. I XXXX? conversations starting what Okay. think still XXXX fill? in To you you're I modular. And I to booked all wanted just capacity in essentially to for back do degree have

William George

we would for more capacity, that I we have than 'XX. say more if had in believe we sell could we capacity

we going was people factors to floor And don't by to of capacity middle possible. have 'XX of we going than these would more of thought have we along, don't by have -- sold think the end We have think XXXX. the in don't don't our all -- bookings. 'XX 'XX We for planned are are we

I Nobody the loading You for is schedules now know manpower doing Olympics. right what Winter . mean.

Brent Thielman

Yes, And then know maybe about reasons, you could progression customer but new how to you base that's a talk diversify in don't the obvious just I name modular. long want that specifics if you with customers time being about to for out. are talk the and able business?

William George

sell second think, is clever going things product sold for great do with as The as as large would like we very, going have designed, So hoped are customer. could much they like We them. them, We and us. they've very great now. to our by a we job we

Like a of we are doing. on to keeps lot all people of who customers pharma any buy capacity. for other little us bit far that do reserve hard time of really As as things customers willing that diversifying long-time a fantastic have that the thing that our us from rely diversifying a to capacity certain is would

they've general, so we far, we can do. earned those first all look to have last that, But they're owe them. look first first. right, And in partners, frankly, want customers X and earned earned they've to do and absolutely. look. it They've great We last because look Really,

it's do -- we It's as lumpy. applicable like the and what any And there's our -- earned long sticking it's partners, good they've the can of in And our whatever not loyalty. more we're so always right have we we things, market, now, right? all kinds the in they're what they've the -- been we year. to that case And of great with skills but market, we as something the always partners, -- are need given do, guys and that take

need that well, do of in said, for need our said, we take and you what have it. us asked we to would the we done your fair be they've to do of to They've to them. and we last do, cost we said, what they us, year, they've And order expand risks to made to what your this capacity? capacity? shareholders kind And they need we these -- commitments need And incur, all look, asked be the did you do and and if

keeping And we're our so commitments to them.

Brent Thielman

think your your Yes. Maybe has of I'd that thoughts think driving relative about data one, to industrial I business from of that just the And manufacturing, for clearly, just be lot a your to opportunities last perspective, of one needle curious now? talk investors. just in stock to the capacity attention brought things a moving centers to obvious it's I Maybe lot company I other growth and mean, the you. the is some guys. for overemphasized the that. right it's You

Brian Lane

Well, that example, pharma, work as Annapolis, a about I very stuff going couple pharmas just plants, hospitals, but still you focus it's of weeks think on centers food, that lot strong. are university much battery for talking on there's busy very education, food, turning logical everybody's was you're -- When sectors how of good a is at. work in and if we've taking favorite other we're I you people I the were at look on, that topic, mean, ago got data going

activity. So I seeing multi-sector we're think

and a we while. is them sectors, lot love other of is well. winning of center them, a data get going think attention work in a But I lot work for those to the going

Operator

for no Brian showing turn the to back Lane call I'm like And further over remarks. would to now closing I questions.

Brian Lane

Justin. Okay,

again. once thank I amazing closing, really employees in to So our want

the you. really It's We about in business. everyone's grateful it, do talk to for daily great We call our their are thank on interest appreciate and efforts.

year forward I'm got very road out on here well XXXX. great We've pretty optimistic as really got people looking the you seen most great the to and probably and of soon. we've customers. about pans how We've

that, your weekend. everyone a spring. great Thanks, So And folks. has enjoy thanks too. I and for hope Thanks,

Operator

This concludes participating, today's for you disconnect. you conference call. may now and Thank

Comfort Systems USA (FIX) 26 Apr 242024 Q1 Earnings call transcript