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10/28/2021
Ladies and gentlemen, thank you for standing by and welcome to the third quarter 2021 Conference Systems USA earnings conference call. At this time, all participants are on a listen-only mode. After this speaker's presentation, there will be a question and answer session. So as a question during this session, you will need to press the star then the one key on your touch-tone telephone. Please be advised that today's conference is being recorded. If you recall operator systems, please press star then zero. I would now like to hand the conference over to your speaker host today, Julie Shipship, accounting officer. Please go ahead.
Thanks, Livia. Good morning. Welcome to Comfort Systems USA's third quarter earnings call. Our comments this morning, as well as our press releases, contain forward-looking statements within the meaning of applicable securities laws and regulations. What we will say today is based on 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 comfortsystemusa.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, thanks, Julie. Good morning, everyone, and thank you for joining us on the call today. We are happy to report a fantastic third quarter. We earned $1.27 per share on revenue of $834 million. Same store revenue grew by 9% compared to the third quarter of 2020, as work and bookings are returning as COVID challenges decrease. Our backlog was over $1.9 billion this quarter, which is a $270 million same store increase over this time last year. Our free cash flow continues to be strong, and yesterday we increased our dividend by 8%. Our essential workforce continues to perform at an outstanding level, and we are grateful for their strength and perseverance during these challenging times. During the third quarter, we closed our acquisition of Amtech, which focuses on electrical projects and service in Kentucky, Tennessee, and the Carolinas. Amtech brings an exceptional set of capabilities and relationships and a strong reputation in industrial markets, such as food processing. We are thrilled to have them as part of Comfort Systems USA. I will discuss our business and outlook in a few minutes, but first I will turn this over to Bill to review our financial performance. Bill?
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