Comfort Systems USA, Inc. Buyback
OLI recorded this information on 8/16/2016
Comfort Systems USA, Inc.
Share Amount Authorized:
Comfort Systems USA, Inc. (NYSE:FIX), a leading provider of commercial, industrial and institutional heating, ventilation and air conditioning ("HVAC") 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 551,310 additional shares of its outstanding common stock. The Company's existing stock repurchase program had previously authorized the repurchase of up to 7,561,183 shares of the Company's outstanding common stock. Through August 11, 2016, the Company repurchased 7,112,493 shares of the Company's common stock at an aggregate price of $89,204,333. 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 11, 2016.
Comfort Systems USA provides mechanical and electrical contracting services. Co.'s mechanical segment principally includes heating, ventilation and air conditioning, plumbing, piping and controls, as well as off-site construction, monitoring and fire protection. Co.'s electrical segment includes installation and servicing of electrical systems. Co. builds, installs, maintains, repairs and replaces mechanical, electrical and plumbing (MEP) systems throughout its operating units. Co. operates primarily in the commercial, industrial and institutional MEP markets and performs most of its services in industrial, healthcare, education, office, technology, retail and government facilities.
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Hold (2.00 out of 4)