Circuits Assembly Online Magazine - Nu Horizons Electronics Reports a 31% Increase in Sales

MELVILLE, NY — Nu Horizons Electronics Corp., distributor of electronic components, reported that for the fiscal year ended Feb. 28, net sales increased to $737.5 million from $561.3 million year-over-year, an increase of 31%.

Net income for the year increased 103% to $9.9 million, compared with $4.9 million in the same period last year.

Net sales for the fourth quarter increased to $170.1 million from $164.1 million in the same period last year, an increase of 4%. Net income for the quarter was $900,000, compared with $2.1 million year-over-year.