The Company reported a net loss for the nine months ended September 30, 2011 of $(38,577,000), or $(1.03) per diluted share, as compared to net income of $8,944,000 or $0.24 per diluted share in the first nine months of 2010. Excluding the above mentioned charges, adjusted non-GAAP net income was $2,966,000, or $0.08 per share. The results for the nine months ended September 30, 2010 included a noncash goodwill impairment charge of $4,446,000 or $0.07 per diluted share after tax that was recorded during the second quarter of 2010, and a noncash change in the fair value of earn-out obligations, which resulted in pre-tax income of $650,000 or $0.01 per diluted share after tax. Excluding these noncash charges, adjusted non-GAAP net income from continuing operations for the nine months ended September 30, 2010 was $10,481,000 or $0.28 per diluted share.The Company reported revenue of $922,320,000 from continuing operations for the first nine months of 2011. On a same store basis, the Company reported revenue of $796,000,000, as compared to $754,934,000 for the same period in 2010. Free cash flow for the nine months ended September 30, 2011 was negative $27,806,000 as compared to negative free cash flow of $10,289,000 in the first nine months of 2010.
Comfort Systems USA Reports Third Quarter Results
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.