Product category:
Microprocessors, Microcontrollers and DSPs
News Release from: Nu Horizons Electronics Corp
Edited by the Electronicstalk Editorial
Team on 10 July 2006
Nu Horizons worldwide investments begin
to pay off
Nu Horizons Electronics Corp has reported financial and operating results for the first quarter of fiscal 2007, reflecting the period ended 31st May 2006.
Nu Horizons Electronics Corp has reported financial and operating results for the first quarter of fiscal 2007, reflecting the period ended 31st May 2006 Net sales for the quarter ended 31st May 2006 increased to $187.8 million as compared with $121.4 million for the prior year's fiscal period, an increase of 55%
This article was originally published on Electronicstalk on 7 Jul 2008 at 8.00am (UK)
Related stories
Step-down regulators take FETs onboard
Exar PowerBlox buck regulators feature extremely high current densities.
Modules are complete DC/DC regulators
POL regulator modules include all the circuit components encapsulated in such a tiny size that they resemble a surface mount IC.
Net income for the quarter was $3,175,000 or $0.17 per diluted share as compared with net income of $475,000 or $0.03 per diluted share for the first quarter of the prior year.
Sequentially, net sales for the quarter ended 31st May 2006 increased $23.7 million or 14% from $164.1 million and earnings increased to $0.17 per diluted share from $0.11 per diluted share.
Arthur Nadata, Chairman of the Board and Chief Executive Officer states: "We are pleased with our continued significant increase in top line revenue and improved earnings".
"Operating income as a percentage of sales increased to 3.3% from 1.2% in the year ago quarter and 2.4% in the fourth quarter of fiscal 2006".
"The decrease in selling general and administrative expenses as a percentage of sales to 11.8% from 14.8% notwithstanding the decrease in gross profit margins to 15.1% from 16.0% in the year ago period resulted in improved operating results for the first quarter".
Nadata concluded: "We are encouraged that we are beginning to produce the financial results that we expected from our worldwide investments in personnel and infrastructure during the last several years and particularly over the last 12 months".
"We believe that we should experience continued improvement in revenues and earnings".
• Nu Horizons Electronics Corp: contact details and other news
• Email this article to a colleague
• Register for the free Electronicstalk email newsletter
• Electronicstalk Home Page
Search the Pro-Talk network of sites
