Tranche Update on Comfort Systems USA, Inc.'s Equity Buyback Plan announced on April 3, 2007.
February 22, 2024 at 04:08 pm EST
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From October 1, 2023 to December 31, 2023, the company has repurchased 75,828 shares, representing 0.21% for $12.74 million. With this, the company has completed the repurchase of 10,256,324 shares, representing 26.87% for $266.42 million under the buyback announced on April 3, 2007.
Comfort Systems USA, Inc. provides mechanical and electrical contracting services. The Company operates through two segments: Mechanical and Electrical. The Mechanical segment principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, monitoring and fire protection. This segment also installs connecting and distribution elements, such as piping and ducting. The Electrical segment includes installation and servicing of electrical systems. The Company builds, installs, maintains, repairs and replaces mechanical, electrical and plumbing (MEP) systems throughout its approximately 44 operating units at 172 locations across the United States. It is also engaged in offering engineering, design-assist and turnkey, direct hire construction services of modular systems serving the advanced technology, power and industrial sectors. It also provides mechanical construction services to the commercial and industrial sectors.