Shares of Comfort Systems USA (FIX), Vertiv (VRT), and Sterling Infrastructure (STRL) have surged over 43% year-to-date, driven by robust demand from AI data centers, which propelled their Q2 results and guidance beyond expectations.
Comfort Systems USA (FIX) reported a 50.3% year-over-year revenue increase to $3.27 billion in Q2, with a record backlog of $14.06 billion. Vertiv Holdings (VRT) saw a 24% year-over-year increase in net sales to $3.274 billion in Q2 and raised its full-year adjusted diluted EPS guidance by 60%. Sterling Infrastructure (STRL) reported a 90.1% year-over-year revenue increase to $1.17 billion in Q2, with its backlog growing 116% to $4.33 billion. All three companies have benefited from strong demand for power, cooling, and infrastructure construction from hyperscale data centers, with their stock prices up over 43% year-to-date as of September 1.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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