ACR Group Reports Improved Operating Results For Fiscal 2002
HOUSTON, TX — The ACR Group Inc., an HVACR wholesale equipment distributor with 46 locations in 10 states, reported significantly improved operating results and sales for the fiscal year and fourth fiscal quarter ended February 28, 2002.
For fiscal 2002, ACR reported net income of $419,000, compared with a net loss of $1,478,000 in fiscal 2001. Sales for fiscal 2002 were $155.5 million, compared with sales of $136.4 million in fiscal 2001, an increase of 14%.