Pameco announces results
Pameco Corporation announced net sales for the quarter ending May 31 down 21.2% to $125.4 million from $159.1 million for the same period 1999. The company operated 54 fewer branches in the quarter than in the same quarter in the prior year. First quarter same store net sales decreased $21.7 million, a decline of 17.5% versus 1999. The company is in the process of restructuring.