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NU HORIZONS REPORTS BIG GAINS IN FOURTH QUARTER/YEAR-END RESULTS

 AMITYVILLE, N.Y., May 6 /PRNewswire/ -- Nu Horizons Electronics Corp., (NASDAQ-NMS: NUHC), a leading distributor of active and passive electronics components and provider of industrial contract manufacturing services, today reported significant earnings and sales gains for the fourth quarter and year ended Feb. 28, 1993.
 Fourth quarter net income leaped to $525,137 or 11 cents per share, fully diluted, on record net sales of $16,869,559, from net income of $58,085 or one cent per share, fully diluted, on net sales of $10,843,916 in the last quarter of the prior year.
 Year-end net income increased to $1,489,658 or 30 cents per share, fully diluted (31 cents primary), on record net sales of $60,507,620 from net income of $296,816 or 6 cents per share, fully diluted (7 cents primary), on net sale of $42,187,636 in fiscal 1992.
 Arthur Nadata, president, attributed the strong increases to greater demand for the company's specialized integrated circuit products. "We concentrate on specialty components rather than on the more common parts that are subject to commodity pricing pressure," he explained. "The higher technology products have greater average selling prices and higher margins."
 He reported that the company plans to continue to expand its eastern U.S. distribution business and new offices are being opened shortly in Orlando and Cleveland.
 "At the same time, we look for at least a breakeven fiscal year from our Nu Visions Manufacturing subsidiary, bought last year, which provides contract manufacturing. Nadata estimated that Nu Visions cost the company about 10 cents per share in fiscal 1993.
 "Our strategy at the subsidiary has been to assure a base of high quality work. That has been accomplished and now our business is expanding satisfactorily," Nadata noted.
 NU HORIZONS ELECTRONICS CORP.
 Financial Highlights
 Periods Three Months Year
 Ended 2/28/93 2/29/92 2/28/93 2/29/92
 Net sales $16,869,559 $10,843,916 $60,507,620 $42,187,636
 Inc. (loss) bef.
 provision for
 income taxes 961,146 107,384 2,564,335 495,559
 Provision (credit)
 for income taxes $ 525,137 $ 58,085 $ 1,489,658 $ 296,816
 Earnings per share:
 Primary $.11 $.01 $.31 $.07
 Fully diluted $.11 $.01 $.30 $.06
 Aver. shares outstg.:
 Primary 4,894,028 4,512,393 4,818,928 4,515,533
 Fully diluted 4,953,393 4,669,359 4,899,564 4,668,577
 -0- 5/6/93
 /CONTACT: Paul Durando of Nu Horizons Electronics, 516-226-6000/
 (NUHC)


CO: Nu Horizons Electronics Corp. ST: New York IN: CPR SU: ERN

AH-SH -- NY091 -- 5547 05/06/93 14:41 EDT
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Publication:PR Newswire
Date:May 6, 1993
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