Earnings are booming yet shares fell 40%, highlighting backlog-valuation disconnect.
Context
What happened: Comfort Systems USA, Inc. ($FIX) reported its best quarter ever, yet the stock fell 9%. The article frames this as an order book and share price moving in different directions.
Key numbers: Stock down 9% after the company's best quarter ever.
Why it matters: The article's premise is that backlog does not equal valuation, suggesting strong orders alone did not support the share price.