Printer Friendly

NU HORIZONS REPORTS STRONG FIRST QUARTER GAINS

 NU HORIZONS REPORTS STRONG FIRST QUARTER GAINS
 AMITYVILLE, N.Y., June 23 /PRNewswire/ -- Nu Horizons Electronics


Corp. (AMEX: NUH), a leading distributor of active and passive electronic components and provider of industrial contract manufacturing services, today reported gains in sales and earnings for the first quarter ended May 31, 1992.
 Net income for the first three months of fiscal 1993 rose 235 percent to $266,336 or 6 cents per share from $79,511 or 2 cents per share for the same period last year. Net sales for the quarter climbed 22 percent to a record $13,279,443 from $10,463,549 for the comparable period of the prior year.
 "The results, which exceeded projections, reflect the strength of our product lines and our abilities to gain an increasing share of the markets we serve," Arthur Nadata, president, said. "We anticipate continued gains through the balance of this year as order input continues to flow at a healthy rate and our Nu Visions Manufacturing subsidiary, providing contract manufacturing services, begins to contribute to our results," he added.
 NU HORIZONS ELECTRONICS CORP.
 Financial Highlights (Unaudited)
 Three months ended May 31 1992 1991
 Net sales $13,279,443 $10,463,549
 Income before provision for income taxes 443,893 137,931
 Provision for income taxes 177,557 58,420
 Net income 266,336 79,511
 Earnings per share:
 Primary .06 .02
 Fully diluted .06 .02
 Average shares outstanding:
 Primary 4,515,533 4,477,999
 Fully diluted 4,668,577 4,804,342
 -0- 6/23/92
 /CONTACT: Paul Durando of NU Horizons Electronics, 516-226-6000/
 (NUH) CO: Nu Horizons Electronics Corp. ST: New York IN: CPR SU: ERN


PS-OS -- NY030 -- 2791 06/23/92 10:50 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 23, 1992
Words:286
Previous Article:COMPAQ AND VIEWSTAR SIGN MARKETING AND TECHNICAL DEVELOPMENT ALLIANCE; INTEGRATED DOCUMENT MANAGEMENT SOLUTIONS BEING DEVELOPED
Next Article:DOMINION RESOURCES DECLARES QUARTERLY COMMON DIVIDEND
Topics:


Related Articles
NU HORIZONS REPORTS SECOND QUARTER AND SIX MONTHS GAINS; SECOND QUARTER EARNINGS SURGE 402 PERCENT ON 53 PERCENT SALES RISE
NU HORIZONS REPORTS BIG GAINS IN FOURTH QUARTER/YEAR-END RESULTS
NU HORIZONS REPORTS STRONG FIRST QUARTER GAINS; EARNINGS RISE 289 PERCENT ON 53 PERCENT SALES INCREASE
NU HORIZONS ANNOUNCES 3-FOR-2 STOCK SPLIT
Nu Horizons Reports Record Fourth Quarter & Year-End Sales and Earnings.
Nu Horizons Reports Record Earnings and Record Sales Results for the First Quarter of Fiscal Year 2001.
Toshiba Adds Nu Horizons to Its Distribution Line-Up Covering North America; Technology Leader Strengthens Distribution Efforts; Rounds Out Coverage.
Linear Technology Selects Nu Horizons to Distribute Its High-Performance Analog Products in North America.
Nu Horizons Electronics Signs on To Become a North American Alcatel-Lucent Master Distributor.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters