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7/29/2021
Thank you for your patience. Again, today's conference is scheduled to begin shortly. Please continue to stand by. Thank you for your patience. Thank you. Good day and thank you for your standby. Welcome to the second quarter 2021 Comfort System USA earnings conference call. At this time, all participants are in listen on the mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 on your telephone keypad. If you require any further assistance, please press star 0. As a reminder, this conference call is being recorded. I would now like to turn the call to Julie Shaikh. Chief Accounting Officer, please go ahead.
Thanks, Charlie. Good morning. Welcome to Comfort Systems USA's second quarter earnings call. Our comments this morning, as well as our press releases, contain forward-looking statements within the meaning of the Private Securities Litigation Act of 1995. What we will say today is based upon the current plans and expectations of Comfort Systems USA. Those plans and expectations include risks and uncertainties that might cause actual future activities and results of our operations to be materially different from those set forth in our comments. You can read a detailed listing and commentary concerning our specific risk factors in our most recent Form 10-K and Form 10-Q, as well as in our press release covering these earnings. A slide presentation has been provided as a companion to our remarks. The presentation is posted on the investor relations section of the company's website found at ComfortSystemsUSA.com. Joining me on the call today are Brian Lane, President and Chief Executive Officer, Trent McKenna, Chief Operating Officer, and Bill George, Chief Financial Officer. Brian will open our remarks.
Okay. Thank you, Julie. Good morning, everyone, and thank you for joining us on the call today. We are happy to report an excellent second quarter. We earned 90 cents per share despite some revenue headwinds arising from pandemic-related delays in some areas and projects. Our sequential backlog increased by $180 million this quarter on a same-store basis. And our year-over-year same-store backlog also increased by $200 million. And this is the first time since the pandemic decline that we have seen the same store increase in our backlog from the prior year. These increases support our belief that direct pandemic effects are abating. Our free cash flow continues to be strong, and yesterday we increased our dividend. Our essential workforce proved its mettle during the recent challenges. and they continue to excel as circumstances improve. We are grateful for their strength and perseverance. We are optimistic about our prospects for the next several quarters. We recently announced that Amtek will be joining Comfort Systems USA, and that acquisition is expected to close in the third quarter. Amtek provides electrical contracting solutions and services including core electric and low voltage systems, as well as services for planned maintenance, retrofit, and emergency work. AMTEC is headquartered in Kentucky and focuses on the southeastern United States, including Kentucky, Tennessee, and the Carolinas. AMTEC brings experienced professionals and a fantastic reputation for electrical contracting and services in industrial markets such as food processing. Amtech will add world-class capabilities in complex projects, deep customer relationships, design-build competence, and opportunities for synergy. 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?
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