ROUND ROCK, TX-American Plumbing & Mechanical Inc. is opening three locations and expanding two for its 2001 growth plan.
The commercial pluming and HVAC contractor is coming out of the gate on the heels of a first-quarter accounting that has revenues up 15% from first quarter 2000. The company has posted $143.4 million of revenues in Q1 in comparison to $125.1 million for last year's first quarter.
AMPAM chairman and CEO Robert Christianson says the current $216 million backlog is a record high. Its single-family residential plumbing starts in Q1 also are a record, coming in at 10,000 units. The commercial entity is estimating 2001 revenues will hit about $610 million, with EBITDA remaining fairly flat at $58 million.
But it's the move to get operations into other states that is at the forefront of AMPAM's focus for this year. In the past nine months, AMPAM has opened four warehouse operations in the country, including one on Colorado. Meanwhile, its base of operations is being expanded in Houston and Orlando.
In the first quarter, warehouse operations had been set up in Dallas, Charlotte, NC and Sacramento. The leased warehouse addresses were not available by press time, but a company contact tells GlobeSt.com that it is a significant step for the Round Rock company. Sacramento will focus on commercial contracts while the initial push in Dallas and Charlotte will be the single-family market.
“The opening of these new locations and the expansion of some of the company's existing locations is consistent with the strategic direction established by management last year to follow our customers into desirable new markets,” David Baggett, president, says in a prepared statement.
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