Comfort Systems USA Increases Stock Repurchase Program
Comfort Systems USA Increases Stock Repurchase Program
HOUSTON--(BUSINESS WIRE)--Aug. 13, 2024--Comfort Systems USA, Inc. (NYSE: FIX) (the "Company"), a leading provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services, today announced that its Board of Directors has approved an amendment to the Company's stock repurchase program to increase the shares authorized and remaining as available to purchase back up to 1,000,000 shares by authorizing the Company to acquire up to 411,426 additional shares of its outstanding common stock. The Company's existing stock repurchase program had previously authorized the repurchase of up to 10,944,125 shares of the Company's outstanding common stock.
美國舒適系統(NYSE: FIX)(以下簡稱「公司」)是一家領先的商業、工業和機構供暖、通風、空調和電力承包服務提供商。今天宣佈,公司董事會已批准了公司股票回購計劃的修正案,通過授權公司可購買併購回多達1,000,000股普通股,然後在該公司已購買的10,944,125股普通股後,公司已將計劃「上面」。該公司現有的股票回購計劃已經授權回購多達10,944,125股普通股。
Through August 7, 2024, the Company repurchased 10,355,551 shares of the Company's common stock at an aggregate price of $299,559,997 (exclusive of excise tax). This extension of the stock repurchase program will "top off" the plan and permit the Company to repurchase up to an additional 1,000,000 shares of its currently outstanding common stock beyond what had already been purchased as of August 7, 2024.
截至2024年8月7日,該公司已回購了公司普通股的10,355,551股,總價值爲2,995.6萬美元(不含消費稅)。股票回購計劃的這一延期將使該公司能夠回購多達1,000,000股當前已發行的普通股,超過2024年8月7日已回購的股票。
The share repurchases will be made from time to time at the Company's discretion in the open market or privately negotiated transactions as permitted by securities laws and other legal requirements, and subject to market conditions and other factors. The Company expects that the share repurchases will be financed with available cash. The Company's Board of Directors may modify, suspend, extend, or terminate the program at any time.
股票回購將根據市場條件和其他因素,由公司自行決定在公開市場或私下協商的交易中逐步進行。該公司預計,這些股票回購將由可用現金融資。該公司的董事會可以在任何時間修改、暫停、延長或終止計劃。
Comfort Systems USA is a leading provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services, with 177 locations in 136 cities across the nation. For more information, visit the Company's website at .
美國舒適系統是一家領先的商業、工業和機構供暖、通風、空調和電力承包服務提供商,擁有全國136個城市的177個分支機構。欲了解更多信息,請訪問公司網站。
Certain statements and information in this press release may constitute forward-looking statements regarding our future business expectations, which are subject to applicable securities laws and regulations. The words "believe," "expect," "anticipate," "plan," "intend," "foresee," "should," "would," "could," or other similar expressions are intended to identify forward-looking statements, which are generally not historic in nature. These forward-looking statements are based on the current expectations and beliefs of Comfort Systems USA, Inc. and its subsidiaries (collectively, the "Company") concerning future developments and their effect on the Company. While the Company's management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Company will be those that it anticipates, and the Company's actual results of operations, financial condition and liquidity, and the development of the industry in which the Company operates, may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results of operations, financial condition and liquidity, and the development of the industry in which we operate, are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of our results or developments in subsequent periods. All comments concerning the Company's expectations for future revenue and operating results are based on the Company's forecasts for its existing operations and do not include the potential impact of any future acquisitions. The Company's forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company's control) and assumptions that could cause actual future results to differ materially from the Company's historical experience and its present expectations or projections. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: the use of incorrect estimates for bidding a fixed-price contract; undertaking contractual commitments that exceed the Company's labor resources; failing to perform contractual obligations efficiently enough to maintain profitability; national or regional weakness in construction activity and economic conditions; rising inflation and fluctuations in interest rates; shortages of labor and specialty building materials or material increases to the cost thereof; the Company's business being negatively affected by health crises or outbreaks of disease, such as epidemics or pandemics (and related impacts, such as supply chain disruptions); financial difficulties affecting projects, vendors, customers, or subcontractors; the Company's backlog failing to translate into actual revenue or profits; failure of third party subcontractors and suppliers to complete work as anticipated; difficulty in obtaining, or increased costs associated with, bonding and insurance; impairment to goodwill; errors in the Company's cost-to-cost input method of accounting; the result of competition in the Company's markets; the Company's decentralized management structure; material failure to comply with varying state and local laws, regulations or requirements; debarment from bidding on or performing government contracts; retention of key management; seasonal fluctuations in the demand for mechanical and electrical systems; the imposition of past and future liability from environmental, safety, and health regulations including the inherent risk associated with self-insurance; adverse litigation results; an increase in our effective tax rate; a material information technology failure or a material cyber security breach; risks associated with acquisitions, such as challenges to our ability to integrate those companies into our internal control environment; our ability to manage growth and geographically-dispersed operations; our ability to obtain financing on acceptable terms; extreme weather conditions (such as storms, droughts, extreme heat or cold, wildfires and floods), including as a result of climate change, and any resulting regulations or restrictions related thereto; and other risks detailed in our reports filed with the Securities and Exchange Commission (the "SEC").
本新聞發佈中的某些聲明和信息可能構成對我們未來業務期望的前瞻性聲明,這些前瞻性聲明將受到適用的證券法規的約束。諸如「相信」、「期望」、「預計」、「計劃」、「打算」、「預見」、「應該」、「將會」、「可能」或其他類似表述的話語旨在識別前瞻性聲明,這些前瞻性聲明一般不屬於歷史性質。這些前瞻性聲明基於美國舒適系統公司及其子公司(以下統稱「公司」)目前對未來發展及其對公司的影響的期望和信念。雖然該公司的管理層認爲這些前瞻性聲明是合理的和及時做出的,但不能保證影響公司的未來的發展和公司的實際經營業績、財務狀況和流動性以及公司所處行業的發展將是公司所期望的,公司在本新聞發佈中包含的前瞻性聲明所暗示的,公司的實際經營業績、財務狀況和流動性以及公司所處行業的發展可能會與這些前瞻性聲明中所做的不符或建議的結果有所不同。此外,即使我們的經營業績、財務狀況和流動性及其所處行業的發展符合本新聞發佈中包含的前瞻性聲明,但這些結果或發展也可能無法表明我們在隨後的時期的結果或發展。公司對未來營業收入和營運業績的所有評論都基於公司對現有營運的預測,並不包括任何未來收購的潛在影響。該公司的前瞻性聲明涉及到重大的風險和不確定因素(其中一些風險和不確定因素超出了公司的控制範圍),以及可能導致實際未來結果與公司的歷史經驗及其目前的期望或預測存在顯著差異的假設。導致前瞻性聲明與實際情況不符的重要因素包括但不限於:在投標固定價格合同時使用不正確的估計值;承擔超過公司勞動力資源的合同義務;未能有效地履行合同義務以維護盈利能力;建築活動和經濟狀況的國家或地區性弱點;上漲的通貨膨脹率和利率波動;勞動力和特種建築材料短缺或其成本增加的材料短缺;公司的業務受到健康危機或疾病爆發的負面影響,如流行病或大流行病(以及相關影響,如供應鏈中斷);影響項目、供應商、客戶或分包商的財務困難;公司的備件翻譯未能轉化爲實際營收或利潤;第三方分包商和供應商未能如預期完成工作;在獲得保險和擔保的過程中出現困難或成本增加;商場競爭的結果;公司的分散式管理結構;未能符合各州和地方法律、法規或要求的重大違反行爲;不能競標或履行政府合同;關鍵管理層的保留;機械和電氣系統需求的季節性波動性;因環境、安全和衛生法規(包括自我保險帶來的固有風險)導致的過去和未來的責任增加;不利訴訟結果;我們的有效稅率增加;重大信息技術故障或重大網絡安全漏洞的風險;收購風險,如我們能否將那些公司整合到我們的內部控制環境中;我們管理增長和地域分佈的能力;我們能否以可接受的條件獲得融資;極端天氣條件(如風暴、乾旱、極端熱或寒、森林火災和洪水),包括因氣候變化而導致的結果,以及與之有關的任何法規或限制;以及其他風險詳見我們向證券交易委員會(SEC)提交的報告。
For additional information regarding known material factors that could cause the Company's results to differ from its projected results, please see its filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
有關已知可能導致公司結果與預期結果不符的重要因素的其他信息,請參見其在SEC提交的報告,其中包括其10-K年度報告、10-Q季度報告和8-K當前報告。
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether because of new information, future events, or otherwise.
請注意,僅在本日撰寫此文時,前瞻性陳述始有意義。公司不承擔公開更新或修訂任何前瞻性陳述的義務,無論是由於新信息、未來事件還是其他原因。
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Julie Shaeff, Chief Accounting Officer
ir@comfortsystemsusa.com; 713-830-9687
Julie Shaeff,首席會計師
ir@comfortsystemsusa.com;713-830-9687
Source: Comfort Systems USA, Inc.
資料來源:Comfort Systems USA, Inc.