|
Written by Mike Buetow
|
|
Thursday, 12 January 2006 06:09 |
MELVILLE, NY -- Nu Horizons Electronics, a distributor of electronics components, reported net sales rose to
$147.5 million from $116.2 million for the quarter ended Nov. 30, 2005. Net income was $1.5 million vs. $585,000 last year.
Sequentially, net sales rose 15% to $19.3 million, and net
income almost doubled to $1.5 million.
Year-to-date, net sales were up12.3% to $397.2 million, from $353.6 million last
year. Net income was down $100,000, to $2.8 million.In a press statement, chairman and chief executive Arthur Nadata said, "The third quarter was a very exciting and busy period for us.
New additions to our line card, combined with the expansion of certain
partnerships, enabled our sales force to penetrate into new markets
and provide enhanced system solutions for customers."
Nu Horizons added 100 sales and engineering
staff during the quarter, he said.
|
