ACR (BRR) 8-K/A Financial Statements and Exhibits

EXHIBIT 99.1

ACR GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED INCOME STATEMENTS

(In thousands, except per share amounts)

(Unaudited)

	Quarter Ended February 28,						Year Ended February 28,
	2007			2006			2007			2006
Sales	$	45,562		$	45,621		$	239,643		$	204,312
Cost of sales		33,925			34,561			178,607			155,981
Gross profit		11,637			11,060			61,036			48,331
Selling, general and administrative expenses		11,663			10,630			50,042			43,197
Operating income (loss)		(26	)		430			10,994			5,134
Interest expense		531			423			2,451			1,489
Interest derivative (gain)		-			(65	)		(84	)		(247	)
Other non-operating (income)		(154	)		(181	)		(659	)		(666	)
Income (loss) before income taxes		(403	)		253			9,286			4,558
Provision (benefit) for income taxes		(177	)		169			3,544			1,804
Net income (loss)	$	(226	)	$	84		$	5,742		$	2,754
Earnings (loss) per share:
Basic	$	(.02	)	$	.01		$	.51		$	.25
Diluted	$	(.02	)	$	.01		$	.49		$	.24
Weighted average and equivalent shares:
Basic		11,230			11,054			11,225			11,006
Diluted		11,648			11,426			11,625			11,360