ACR Group Inc. (BRR)

ACR Group, Inc. engages in the wholesale distribution of heating, ventilating, air conditioning, and refrigeration (HVACR) equipment and supplies. It sells supplies and equipment to installing contractors and dealers, and to other technically trained customers responsible for the installation, repair, and maintenance of HVACR systems. The company serves residential and light commercial, new construction, and specialty products markets. ACR Group operates primarily in the southeastern United States, Texas, Nevada, New Mexico, Colorado, and California. As of February 28, 2006, the company had 51 branch operations. ACR Group was founded in 1978 and is based in Houston, Texas.

For the six months ended 31 August 2006, ACR Group, Inc.'s revenues increased 27% to $138.1M. Net income totaled $5M, up from $2M. Revenues reflect an increase in sales due to higher demand for the full range of products, including 13 SEER HVAC equipment. Net income also reflects improved gross margins, an increase in operating income due to rational cost control measures and the presence of interest derivative gain vs. a loss.