Colonial Commercial Corp. reported sales of $16.2 million for the third quarter ended Sept. 30, up 43% from $11.3 million last year. These results included RAL Supply Group, which was acquired on Sept. 30, 2003, and American/Universal Supply, which was a new operation that commenced on or about July 1, 2003, and increased market penetration in the core business of Universal Supply Group, Colonial's major subsidiary.
Net income for the quarter was $839,082, including a net income tax benefit of $516,000 vs. net income of $325,659 in the 2003 quarter.