Financial News … Roto-Rooter's Plumbing and Drain Service Segment
Roto-Rooter's Plumbing and Drain Service Segment reported sales of $260.8 million for the year ended Dec. 31, up 3% from 2002. Net income of $6.5 million was 33% below net income for 2002. Net income growth for 2003 was affected by higher selling, general and administrative costs, according to Kevin J. McNamara, president/CEO. A number of these expenses should be reduced or eliminated in the coming year. The company expects to realize cost efficiencies and improved customer service through its new centralized call centers.
Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!