MELVILLE, NY – Nu Horizons Electronics Corp., a distributor of active and passive electronic components, posted first-quarter net income of $475,000, down from $1.2 million in the same quarter a year ago.
Sales for the quarter ended May 31 rose to $121.4 million from $118.2 million.
"We believe we have in place the platform to continue to strengthen and grow our business across our business units. In particular, we are actively working to expand the line card in Asia and to increase the demand creation business."