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Adam Robert Thalhimer

Research Analyst at Thompson Davis & Co. Inc.

Adam Robert Thalhimer, CFA is the Director of Research and Partner at Thompson Davis & Co., a Richmond-based investment firm where he has worked since 2016. He specializes in equity research covering the Building Materials, Building Products, Engineering & Construction, Telecom Equipment, and Environmental Services sectors, following nearly two dozen companies including Comfort Systems USA and Construction Partners. Thalhimer began his investment career in 2001 at UBS PaineWebber in New Jersey before returning to Richmond in 2002 to join Scott & Stringfellow as a mutual fund analyst, then transitioned to BB&T Capital Markets in 2003 where he spent 13 years building his equity research practice and eventually led a three-person research team while being consistently ranked as a top analyst at the firm. He holds the Chartered Financial Analyst (CFA) designation and is registered with FINRA as a financial advisor.

Adam Robert Thalhimer's questions to COMFORT SYSTEMS USA (FIX) leadership

Question · Q3 2025

Adam Robert Thalhimer inquired about the alignment of bidding activity with the strong bookings and revenue growth observed in the technology sector during Q3, and the company's strategy for capital allocation given record free cash flow and net cash.

Answer

President and CEO Brian Lane confirmed that the pipeline of opportunities in the technology sector remains robust, matching Q3's strong performance. CFO Bill George stated that the capital allocation strategy remains consistent since 2007, prioritizing acquisitions and share buybacks, and expressed optimism about finding deployment opportunities despite increasing cash levels.

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