Noland Co. reported net income of $9.6 million, or $2.70 per share (diluted), for the year ended Dec. 31, an increase of 34.3% compared with 2001 results.
Encompass Services Corp. intends to retrench into a residential organization, according to the reorganization plan the company filed on March 5, 2003, with the U.S. Bankruptcy Court for the Southern District of Texas.