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Comfort Systems's board authorises additional 476,400 under its stock repurchase programme

Posted on: Tue, 18 Aug 2009 06:25:00 EDT

Symbols: FIX

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Aug 18, 2009 (M2 EQUITYBITES via COMTEX) --
FIX | Quote | Chart | News | PowerRating -- Provider of workplace heating, ventilation and air conditioning
solutions Comfort Systems USA Inc (NYSE:FIX) declared on Monday that
its board of directors approved and amended the company's stock
repurchase programme.

The board increased the authorised remaining shares in the programme
back up to 1m shares after that purchased as of 13 August 2009,
permitting Comfort to acquire up to another 476,400 shares of its
outstanding common stock.

Comfort's existing stock repurchase programme had authorised the
buyback of up to 4.4m of its outstanding common stock previously it
said and up to 13 August 2009, 3,875,409 shares were repurchased at a
total price of USD43.1m.

The company will repurchase shares from time to time with available
cash at its discretion in the open market or privately negotiated
transactions, under securities laws and other legal requirements and
subject to market conditions and other factors.

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