Comfort Systems USA (FIX) official guidance

We estimate that full-year CapEx will be 4.5% of revenue, and we are likely to continue to incur CapEx at elevated levels during the first half of 2027.

We estimate that full-year CapEx will be 4.5% of revenue, and we are likely to continue to incur CapEx at elevated levels during the first half of 2027.

Our year-to-date tax rate was 23%, and we expect our tax rate to continue to be around 23% for the rest of 2026 and in 2027.

Our year-to-date tax rate was 23%, and we expect our tax rate to continue to be around 23% for the rest of 2026 and in 2027.

We currently expect that 2027 gross profit margins are likely to continue in the strong ranges that we've achieved on average over recent quarters.

We remain on track to have over 4 million sq ft of space in our modular businesses by the end of 2026, and with ongoing orders and investments to meet that demand, we expect to have approximately 6 million sq ft of capacity by the end of 2027.

We remain on track to have over 4 million sq ft of space in our modular businesses by the end of 2026, and with ongoing orders and investments to meet that demand, we expect to have approximately 6 million sq ft of capacity by the end of 2027.

Through nine months, our same-store revenue increased 47%, and we expect full-year same-store revenue will also be in the mid 40% range.

We estimate that our same-store full-year 2027 revenue will grow in the mid 20% range.

We expect Hunt will contribute about $250 million of annualized revenue.

We expect our full-year effective tax rate to be around 23%.

We believe that gross profit margins are likely to continue in the strong ranges that we have averaged in recent quarters.

With ongoing orders and investments we are making to address that demand, we expect to have approximately 5 million sq ft of capacity by late summer 2027.

The transaction is expected to close in early May, and we expect our new partner to initially contribute annualized revenues of roughly $250 million with EBITDA margins in the 8%-10% range.

As we look to 2026, we are optimistic that gross profit margins will continue in the strong ranges that we have achieved over the last several quarters, although we expect that, as usual, our margins will be seasonally lower in the first quarter compared to the full year.

Our modular capacity is currently around 3 million sq ft, and we expect to increase this to approximately 4 million sq ft by the end of 2026, with planned additions in Texas and North Carolina.

As Brian mentioned, we acquired two fantastic companies on October 1st, Feyen Zylstra and Meisner Electric. We funded approximately $170 million in purchase consideration in the first fourth quarter, and these acquisitions are expected to provide over $200 million in incremental annual revenue and $15 million-$20 million of annual EBITDA.

We expect our tax rate to continue to be around 23% for the rest of 2025 and into 2026.

As Brian mentioned, we acquired two fantastic companies on October 1st, Feyen Zylstra and Meisner Electric. We funded approximately $170 million in purchase consideration in the first fourth quarter, and these acquisitions are expected to provide over $200 million in incremental annual revenue and $15 million-$20 million of annual EBITDA.

We currently expect that 2026 profit margins are likely to continue in the strong ranges that we have achieved and averaged over recent quarters.