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§ |
In
fiscal 2007, ACR Group reported the highest annual revenue, selling
margin
and net income in the history of the
Company.
|
§ |
Revenues
grew 17.3 percent to $239.6 million in fiscal 2007, compared to revenues
of $204.3 million in the prior
year.
|
§ |
Same-store
sales, which excludes seven branches open one year or less, increased
13
percent in fiscal 2007 when compared to fiscal
2006.
|
§ |
For
the fiscal year ended February 28, 2007, gross margin grew 180 basis
points to 25.5 percent, compared to gross margin of 23.7 percent
in the
prior year
|
§ |
Operating
margin increased 210 basis points to 4.6 percent in fiscal 2007,
up from
2.5 percent in fiscal 2006.
|
§ |
Net
income more than doubled to $5.7 million in fiscal 2007, up from
$2.8
million in fiscal 2006.
|
Investor
Relations Representative
|
Company
Representative
|
Contact:
Mr. Noel Ryan
|
Contact:
Mr. Tony Maresca
|
Director,
Lambert, Edwards & Associates
|
Chief
Financial Officer, ACR Group, Inc.
|
616-233-0500
|
713-780-8532
|
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