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Comfort Systems USA(FIX) - 2023 Q1 - Earnings Call Transcript

I will discuss our business and outlook in a few minutes. But first, I will turn this call over to Bill to review our financial performance. Bill? Our tax rate for the quarter was 13.1%. This included an incremental benefit of $5 million or $0.12 from a conforming adjustment for the R&D tax credit of which $0.08 related to 2022. We also continued to purchase our shares, acquiring 29,000 shares at an average price of $121.36 in the first quarter and adding to the over 10 million shares we have repurchased si ...