AMPAM Reports Slight Loss For Quarter
July 3, 2002
American Plumbing & Mechanical announced a slight decrease in revenues for the first quarter of 2002, from $143.4 million in 2001 to $141.8 million. Income was $4.9 million, compared to $6.8 the previous year’s first quarter.
The revenue decrease was primarily attributed to a decrease in the company’s multifamily residential segment. However, the commercial segment increased as a result of a commercial start-up in northern California.