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Comfort Systems USA Reports Second Quarter 2012 Results

Comfort Systems USA, Inc. (NYSE: FIX), a leading provider of commercial, industrial and institutional heating, ventilation and air conditioning (“HVAC”) services, today announced net income attributable to Comfort Systems USA of $4,468,000 or $0.12 per diluted share, for the quarter ended June 30, 2012, as compared to net income attributable to Comfort Systems USA of $3,162,000 or $0.08 per diluted share, for the quarter ended June 30, 2011. The Company reported revenue of $354,750,000 in the current quarter. On a same-store basis, the Company reported revenue of $330,930,000, as compared to $312,148,000 in 2011. The Company also reported positive free cash flow of $2,641,000 in the current quarter, as compared to negative $5,787,000 in the second quarter of 2011. Backlog as of June 30, 2012 was $617,712,000 as compared to $621,987,000 as of March 31, 2012. On a same-store basis, backlog was $563,565,000 as of June 30, 2012 as compared to $621,162,000 as of June 30, 2011.

Brian Lane, Comfort Systems USA’s Chief Executive Officer, said, “During the second quarter our companies achieved improved profitability in a tough environment. Our construction and service operations continued to focus on execution. Our improved earnings and positive cash flow in the quarter are the result of the commitment and performance of our excellent workforce.”

The Company reported net income attributable to Comfort Systems USA for the six months ended June 30, 2012 of $3,439,000 or $0.09 per diluted share as compared to a net loss attributable to Comfort Systems USA of $2,008,000 or $0.05 per diluted share in the first six months of 2011. The Company also reported revenue of $684,160,000 for the first six months of 2012 . On a same store basis, the Company reported revenue of $638,258,000 as compared to $594,207,000 for the same period in 2011. Free cash flow for the six months ended June 30, 2012 was negative $18,849,000 as compared to negative free cash flow of $26,966,000 in the first six months of 2011.

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