American Plumbing & Mechanical reported a revenue decrease of $42.7 million to $538.5 million for ongoing operations in 2002 (several operations were shut down or discontinued late last year). Revenues were $581.2 million in 2001. Net loss for 2002 was $54.7 million, and gross profit declined $13 million to $86.2 million. These figures include an accounting charge from the first quarter. Fourth-quarter revenues from continuing operations decreased $1.8 million, and income dropped $11 million.
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As electronics continue to become smaller, faster, and more affordable, more and more contractors are investing in fleet-management solutions that help reduce their technicians’ time on the road, improve productivity, save gas, and protect these major assets from misuse or theft. Read more stories in 2017 April Issue.