Financials ... York International Corp.
December 1, 2002
York International Corp., an HVACR company, announced its third quarter 2002 net income of $26.0 million, or $0.65 per share. The company exceeded its cash expectations and has reduced debt by $126 million since December 2001. York reported sales for the third quarter of $946.8 million, up 0.2% from last year's third quarter sales of $944.5 million. Growth in service and residential unitary products was offset by a reduction in chiller shipments in North America and lower equipment sales in Latin America.