ACR Group, Inc. (Houston, TX), announces its operating results and sales figures for the fiscal year 2001. The company reported a net loss of $1,478,000 or $0.14 per basic and diluted share, compared with net income of $2,227,000 or $0.21 per basic and $0.20 per diluted share for fiscal 2000. Sales for fiscal 2001 were $136.4 million, compared with sales of $126.5 million in fiscal 2000, but fiscal 2001 results were significantly affected by initial operating costs associated with opening 11 new branch operations.
Publication date: 06/11/2001
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