Chief Accounting Officer Julie Shaeff is slated to step into the CFO role once George departs. The leadership transition comes during a period of robust growth for the firm, which reported a third-quarter profit of $489 million, or $13.91 per share. This figure easily surpassed the $12.85 per share expected by analysts polled by FactSet and marked a significant jump from the $291.6 million profit, or $8.25 per share, recorded during the same period last year.
In section Market Quotes
Comfort Systems CFO to Retire as Shares Pull Back Despite Earnings Beat
Comfort Systems shares slipped 5.4% to $1,209.78 in after-hours trading Thursday, even as the HVAC services provider outperformed Wall Street forecasts for the third quarter. The market reaction followed the announcement that long-time Chief Financial Officer Bill George plans to retire after the company files its 2026 annual report.
Revenue for the quarter climbed to $3.77 billion, up from $2.45 billion a year ago. Alongside the earnings beat, the company signaled confidence in its cash flow by raising its quarterly dividend by 10 cents to $1.00 per share. This payout, totaling $4.00 annually, will be distributed on Nov. 23 to shareholders of record as of Nov. 12. Despite the current dip, the stock had previously enjoyed a strong year, rising 37% through Thursday's close.
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