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Article: Hughes Supply Announces 58% Growth in Fourth Quarter Earnings on 23% Sales Growth.
- Article from:
- PR Newswire
- Article date:
- March 8, 2006
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Record Organic Sales Growth of 19%
ORLANDO, Fla., March 8 /PRNewswire-FirstCall/ -- Hughes Supply, Inc. , a leading distributor of construction, repair and maintenance- related products, today reported its unaudited results of operations for the fourth quarter and for fiscal year 2006.
For the fourth quarter ended January 31, 2006, net sales were $1.37 billion, an increase of 23% from $1.12 billion in the previous year's fourth quarter. Organic sales growth was a strong 19%, our highest-ever organic growth rate, with double-digit growth reported in six of the seven business segments. Net income grew 58% to $32.8 million compared to $20.7 million in the ...