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10/27/2022
Thank you for holding. The conference will start shortly in just a moment. Thank you. Good morning and welcome to the Comfort Systems third quarter 2022 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. As of today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star on your telephone keypad. To withdraw a question, please press star then two. Please note this event is being recorded. I'm going to turn the call to Julie Shafe, Chief Accounting Officer. Please go ahead.
Thanks, Anthony. Good morning. Welcome to Comfort Systems USA's third quarter 2022 earnings call. Our comments today, as well as our press releases, contain forward-looking statements within the meaning of the 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 ComfortSystemsUSA.com. Joining me on the call today are Brian Lane, President and Chief Executive Officer, and Bill George, Chief Financial Officer. Brian will open our remarks.
All right. Thanks, Julie. Good morning, everyone. We had another great quarter with continued increases in revenue, earnings, and backlogs. and we are really grateful for the success created by our employees amid unique challenges. We earned $1.71 per share this quarter compared to $1.27 a year ago. Our results this quarter include a net gain of $0.10 per share related to legal matters and $0.04 related to tax benefits from prior years. This quarter marks the first time that we have achieved $100 million in EBITDA in a single quarter. Strong activity levels and ongoing cost increases in equipment and other inputs have again produced same-store revenue growth of over 20%. Bookings increased this quarter, and we continue to experience solid bidding and planning activity. Our strong cash flow also continues and is especially satisfying since we are investing working capital to support our growth. We have also announced an increase in our dividend to 15 cents this quarter. I will discuss our business and outlook shortly, but first I'll turn this call over to Bill to review our financial performance. Bill?
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