Comfort Systems USA, Inc. (NYSE:FIX) Q2 2022 Earnings Conference Call July 28, 2022 11:30 AM ET

Company Participants

Julie Shaeff - Senior Vice President and Chief Accounting Officer

Brian Lane - President and Chief Executive Officer

William George - Executive Vice President and Chief Financial Officer

Conference Call Participants

Julio Romero - Sidoti

Brent Thielman - D.A. Davidson

Sean Eastman - KeyBanc

Adam Thalhimer - Thompson, Davis

Operator

Good morning, and welcome to the Comfort Systems USA Second Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Julie Shaeff, Chief Accounting Officer. Please go ahead.

Julie Shaeff

Thanks, Kate. Good morning. Welcome to Comfort Systems USA's Second Quarter 2022 Earnings Call. Our comments today as well as our press releases contain forward-looking statements within the meaning of the applicable securities laws and regulations.

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

You can read a detailed listing and commentary concerning our specific risk factors in our most recent Form 10-K and Form 10-Q as well as in our press release covering these earnings. A slide presentation has been provided as a companion to our remarks.

The presentation is posted on the Investor Relations section of the company's website found at comfortsystemsusa.com. Joining me on the call today are Brian Lane, President and Chief Executive Officer; Trent McKenna, Chief Operating Officer; and Bill George, Chief Financial Officer.

Brian will open our remarks.

Brian Lane

All right. Thanks, Julie. Good morning, and thank you for joining us on the call today. Before we start, I want to sincerely thank our employees across the country working through so many tough challenges, including record heat and achieving amazing results for our customers.

We had a strong second quarter. Thanks to careful planning and superb execution, our teams continue to perform for our customers and our stakeholders. We earned $1.17 per share this quarter compared to $0.90 a year ago. Unprecedented market conditions resulted in same-store revenue growth of approximately 25%, driven by increased activity in strong markets, combined with the effects of cost increases in materials, equipment and other inputs.