In other news, Robert C. Richey resigned as the company's senior vice president and chief operating officer. Assuming the new position of vice president/single-family plumbing is Rory Bertaina.
AMPAM Reports 2001 Revenue Increase
American Plumbing and Mechanical, Round Rock, Texas, reported a 9 percent increase in revenues for fiscal year 2001 for a total of $606.2 million, compared to $557.9 million in 2000. Gross profit increased 2 percent to $100.4 million; gross margin dropped from 17.6 percent in 2000 to 16.6 percent in 2001.