Moro Corp., Wayne, PA, reported sales of $22.8 million for the third quarter 2008, an increase of 28.1% from 2007. Profit was $695,000, a decrease of 12.6%.
Less profitable contracts and the continuing decline in the housing market drove profitability downward for the Mechanical Contracting division, which deals mostly in HVAC products and services.
For the nine months ended Sept. 30, 2008, sales were $55.1 million, up 15% from the same period the prior year. Profit was $769,000, down 50% in a year-over-year comparison.
Moro is a construction products and services company engaged in the fabrication of concrete reinforcing steel (rebar), sheet metal (duct work), structural steel and process piping, the distribution of construction steel, miscellaneous …
Moro Corp. Sales Up 28% in 3Q
Moro Corp., Wayne, PA, reported sales of $22.8 million for the third quarter 2008, an increase of 28.1% from 2007. Profit was $695,000, a decrease of 12.6%.
Less profitable contracts and the continuing decline in the housing market drove profitability downward for the Mechanical Contracting division, which deals mostly in HVAC products and services.
For the nine months ended Sept. 30, 2008, sales were $55.1 million, up 15% from the same period the prior year. Profit was $769,000, down 50% in a year-over-year comparison.
Moro is a construction products and services company engaged in the fabrication of concrete reinforcing steel (rebar), sheet metal (duct work), structural steel and process piping, the distribution of construction steel, miscellaneous …
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