Comfort Systems USA Increases Stock Repurchase Program
The share repurchases will be made from time to time at the company’s discretion
HOUSTON — Comfort Systems USA Inc., a leading provider of commercial, industrial, and institutional HVAC services, 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 million 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 Aug. 11, 2016, the company repurchased 7,112,493 shares of its 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 million shares of its currently outstanding common stock beyond what had already been purchased as of Aug. 11, 2016.